Midlands Minerals Corporation

Midlands Minerals Corporation

November 15, 2010 08:30 ET

Midlands Announces Key Executive Appointments

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2010) - Midlands Minerals Corporation (TSX VENTURE:MEX) ("Midlands" or the "Company") is pleased to announce appointment of two senior executives in Geology and Finance; Tom Neelands, PGeo, to the position of Vice President, Exploration, and Rakesh Malhotra CA, CPA, to the position of Vice President, Finance, with immediate effect.

"We are very pleased to have such experienced and accomplished people join the Midlands technical and financial team in leadership positions at this stage of the company's development," said John Carruthers, Chairman of Midlands.

Tom Neelands, PGeo, has over 30 years of hands on international exploration experience with a history of gold discovery. He is associated with the FDN gold discovery in Ecuador, South America where he worked with Aurelian Resources. He has also worked with Placer Dome and Noranda Inc., as well as other majors. He is a graduate of Carleton University with a BSc in Geology and has extensive field experience in geological, geochemical and geophysical compilations, where he has tested new discoveries and added to their gold resource base. Tom Neelands also recognizes the importance of structural controls in gold deposits and will be an asset to the team working on the Sian/Praso and Kaniago gold projects in Ghana, Africa.

Mr. Neelands is a member of the Association of Professional Geoscientists of Ontario and a member of the Prospectors and Developers Association of Canada, and will represent the Company as the Qualified Person on its Ghana projects.

Rakesh Malhotra, CA, CPA, with over 25 years of senior level international financial experience, has a track record of prudent professional financial management. He has extensive public company experience gained through holding the position of Chief Financial Officer in a number of publicly listed companies in Canada and internationally. Mr. Malhotra holds a BComm (Hons) and is a member of the Institute of Chartered Accountants in Canada and also a Certified Public Accountant in the United States.

"Midlands is at the stage where Tom Neelands's extensive experience in gold exploration and experience in senior management positions worldwide, and Rakesh Malhotra's strong international financial experience, will accelerate the company's growth to the benefit of the shareholders. We are moving forward, with a much stronger team in place, towards the goals set by the Company, and look forward to their contribution," said Kim Harris, President and Chief Executive Officer.


Midlands is a growth oriented and value based gold exploration company operating in Ghana and Tanzania, two stable countries with a history of gold mining. Midlands' top priority project is the fully permitted Sian gold project in Ghana. The Sian property contains Esaase and Ampeha, two previously producing open pit mines with a resource with significant growth potential. Midlands' contiguous Kwahu Praso project, which was once part of Sian, contains extensions of the Esaase and Ampeha trends. Sian and Praso are just 30 kilometres northeast of Newmont Mining's +8.7 million ounce Akyem gold deposit.

Midlands' second priority project is the highly prospective Kaniago gold project, which is located on the Asankrangwa Gold Belt and is contiguous to two past open pit gold producers – Abore to the north and Obotan to the south.

Midlands also holds highly prospective licences for gold and diamonds in the Lake Victoria Goldfields in Tanzania, including its advanced Itilima Gold Project, which lies within the Geita- Bulyanhulu-Sekenke Trend, which is host to over 40 million ounces in gold reserves.

The Company has a highly qualified management and technical team with broad African experience and extensive experience in the countries in which the Company operates. For more information on the Company, please visit Midlands' website at www.midlandsminerals.com.

On behalf of the Board

Kim Harris, President and Chief Executive Officer

Certain statements contained in this news release constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from actual results and achievements expressed or implied by such forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. Readers are also advised to consider such forward-looking statements while considering the risks inherent in the business of mineral exploration. For more information, investors should review the Company's filings that are available at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Midlands Minerals Corporation
    Kim Harris
    President and CEO
    CEO Direct Line: + 1 416 447 6882
    Midlands Minerals Corporation
    1210 Sheppard Avenue East, Suite 302
    Toronto, Canada M2K 1E3
    + 1 416 492 6992
    + 1 416 492 6993 (FAX)