Morgain Minerals Inc.

Morgain Minerals Inc.

November 27, 2006 13:51 ET

Morgain Strengthens Management Team

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 27, 2006) - Morgain Minerals Inc. (TSX VENTURE:MGM) is pleased to announce that it has appointed Mr. Darren Koningen, P.Eng. as Vice-President, Engineering and Mr. Richard Adams, P.Eng. as Vice-President, Corporate Development.

Mr. Koningen's principal role will be to advance engineering and construction efforts at the Company's two 100% owned Mexican gold projects; the Castillo Gold Project and the La Fortuna Gold Project. Mr. Koningen has over fifteen years of global experience in the mining and metals industry, and is well versed in mineral process development, feasibility studies, engineering design, project and field engineering, commissioning and plant operations. Mr. Koningen's particular area of expertise is in the gold sector, having completed numerous gold processing engagements while employed as a Senior Process Engineer with Kvaerner Engineering and Construction and as an Independent Metallurgical Consultant.

Mr. Adams's will play a key role in the development and implementation of Morgain's growth strategy for gold production in Mexico. Mr. Adams is a mining engineer with an MBA and over fifteen years of industry experience. After ten years of mine site experience, he was employed by the international engineering firm Hatch, and most recently held the position of Vice-President, Mining at a Toronto-based Merchant Bank, where he advised on acquisitions, performed technical evaluations, as well as providing advisory services to several junior mining companies.

"We are very pleased to have Mr. Koningen and Mr. Adams join the Morgain team," said Chris Babcock, Morgain President and CEO. "Their expertise will be instrumental in transforming Morgain into a gold producing Company," he added.

Morgain has granted options to its directors, officers and a consultant to purchase up to a total of 1,530,000 common shares in the capital of the Company at a price of $0.26 per share for a five year period. Of this amount, Messrs. Adams and Koningen have been granted 300,000 shares each.

About Morgain Minerals Inc.

Morgain Minerals Inc. is a resource exploration company with a number of precious and base metal properties in Mexico. Its corporate strategy is to acquire properties with known resources that can be further developed to production status. Visit Morgain's website for the latest corporate information.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Morgain Minerals Inc.
    Richard Adams
    Director and VP Corporate Development
    (905) 466-8008
    Coal Harbor Communications Inc.
    Dale Paruk
    (604) 662-4505 or Toll Free: 1-877-642-6200