Metals Creek Resources Corp.
TSX VENTURE : MEK

Metals Creek Resources Corp.

July 05, 2012 09:00 ET

Metals Creek Resources Corp. Announces the Addition of Two Independent Directors and Resignation of a Director

TORONTO, ONTARIO--(Marketwire - July 5, 2012) - Metals Creek Resources Corp. (the "Corporation") (TSX VENTURE:MEK) announces the addition of two independent directors to its board of directors: Mr. Malvin Spooner and Mr. Lorne Woods.

Malvin Spooner is a widely followed Portfolio Manager, and is well known to investment advisors across Canada. Malvin founded and built an award-winning publicly listed asset management company, Mavrix Fund Management Inc., which grew its assets to over half a billion dollars with funds distributed across Canada. He co-coordinated its Initial Public Offering in 2004 and negotiated the sale of the company in 2009. Prior to that, he managed billions of dollars in pension and endowment funds. Malvin is an experienced public speaker, frequently published and a featured guest in various media.

Lorne Woods currently serves as President and CEO of Sunset Cove Mining, a recently listed mineral exploration company that is focused on precious minerals and copper in Peru, listing the company on the TSX Venture and the Bolsa de Valores del Peru. He was also vice-president, Investor Relations of Blue Note Mining. He has participated in raising over $170 million . Lorne was also vice president and co-founder of Judson Woods, an investor relations company from 1987 - 2005.

The Corporation welcomes both Malvin and Lorne to its board of directors and looks forward to working with both to further the Corporation's objectives.

The Corporation also announces that Richard Nemis has resigned from the board of directors of the Corporation. Metals Creek thanks Richard for his contributions and wishes him the best in his future endeavors. Richard will remain as an Advisor to the Corporation.

The Corporation has also set 300,000 stock options at an exercise price of 13 cents vesting in accordance to the Corporation's stock option plan in conjunction with these appointments.

About Metals Creek Resources Corp.

Metals Creek Resources Corp. is incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50 % interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has a 8 km strike length of the prolific Porcupine-Destor Fault (PDF) that stretches between Timmins Ontario and Val d'Or Quebec. The Corporation is also engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests in Ontario and Newfoundland and Labrador and Yukon. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under the company's profile at www.sedar.com.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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