New Era Minerals Inc.

July 20, 2016 18:57 ET

New Era Minerals Inc.-Change of Directors

URUMQI, PEOPLE'S REPUBLIC OF CHINA--(Marketwired - July 20, 2016) - New Era Minerals Inc. (the "Company") (TSX VENTURE:NEM) announces that Greg Hawkins and Dickson Hall have resigned as directors of the Company. The Company thanks Greg and Dickson for their service and contributions to the Company.

The Company further announces that Messrs. Yungang Wu and Jing Peng have each been appointed to the Board of Directors of the Company until the next annual general meeting of the shareholders of the Company, to fill the vacancies left by the departures of Messrs. Hawkins and Hall.

Yungang Wu is a professional geologist with 25 years of experience internationally in mineral exploration, resource estimate and mining. He is a member of the Association of Professional Geoscientists of Ontario and holds a Master's Degree in Mineral Deposits from Jilin University, China. He is currently a non-executive director of Gowest Gold Ltd. and East Iron Ltd..

Jing Peng is a Canadian Chartered Professional Accountant with a Master of Management and Professional Accounting degree from the University of Toronto. Mr. Peng has acted as CFO for other Canadian reporting issuers and previously served as an accountant with two large accounting firms.

About New Era Minerals Inc.

New Era Minerals Inc., through its wholly-owned subsidiary, Haijin International Group Limited, owns 95% of Xinjiang Yongkun Mining Co. Ltd. ("Yongkun"). Yongkun's principal activities are the exploration, evaluation and development of mineral property interests in the People's Republic of China ("PRC"), including Yongkun's 100%-owned Suyeke North nickel property located in Tuoli County, Tacheng Area, Xinjiang-Uyghur Autonomous Region, PRC.

On behalf of the Board of Directors of NEW ERA MINERALS INC.

Sun Tian Xiang, Chief Executive Officer

Neither 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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