Northern Empire Resources Corp.

Northern Empire Resources Corp.

June 09, 2015 16:31 ET

Northern Empire Board and Management Appointments; Formation of Commercial/Technical Committee

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 9, 2015) - Northern Empire Resources Corp. ("Northern Empire" or "Company") (TSX VENTURE:NM) today announced management and board appointments, as well as the formation of a Commercial/Technical Advisory Committee ("CTAC").

Current director Jim Paterson has been appointed as President and CEO with the resignation of CEO Adrian Fleming. We thank Mr. Fleming for his years of service and look forward to his continued contribution as an active member of Northern Empire's board of directors and CTAC.

Northern Empire's directors have also appointed Doug Hurst to the board of directors, Jeff Sundar as VP, Corporate Development, Bill Cronk as Chief Geologist, and to the CTAC Jim Dawson and Dale Wallster.

Northern Empire's CTAC will be comprised of members with an entrepreneurial spirit, excellent commercial sense, and a high level of geological expertise. CTAC members are John Robins, Adrian Fleming, Doug Hurst, Jim Dawson, and Dale Wallster.

"We are very excited to bolster Northern Empire's capital markets, commercial, and technical strength with such highly experienced professionals with a track record of success in the mineral exploration sector," stated Northern Empire's Chairman, John Robins. "Members of our CTAC will assist the board and management of Northern Empire to execute on the Company's business model as a 'Project Generator' by sourcing and reviewing new acquisition targets, as well as identifying potential project partners through their extensive industry contacts."

The biographies describing relevant industry experience of Northern Empire's new team members are listed below. Biographies of Mr. Robins, Mr. Paterson, Mr. Cronk, and Mr. Fleming can be found on the Company's website

Doug Hurst, B.Sc. (Director) has over 25 years of experience in the mining/resource industries having acted as geologist, consultant, mining analyst, and senior executive. Mr. Hurst holds a Bachelor of Science in geology from McMaster University (1986). He was a mining analyst with McDermid St. Lawrence and Sprott Securities and a contract analyst to Pacific International Securities and Octagon Capital up until 1995. From 1995 to 2003 Mr. Hurst operated D.S. Hurst Inc. a company offering corporate, evaluation and financing consulting services to the mining industry. He was a founding executive of International Royalty Corporation from 2003 to 2006 and a director of the company until 2010 when the company was purchased by Royal Gold for $700 million.

Jim Dawson (CTAC member), President of Dawson Geological Consulting Ltd., is a registered professional engineer with 40 years of hands-on fieldwork experience examining, exploring and evaluating a wide range of geological and mineralized settings around the globe. As a partner with Kerr, Dawson & Associates Ltd. 1972-1985, Mr. Dawson participated in the discovery of the Blackdome Mine, Frasergold and Taurus Properties in British Columbia and the Big Horn Mine in Arizona. Mr. Dawson has been a Professional Consulting Geologist for over thirty years, and has been a director of public companies in the mineral resource industry for more than twenty years. He was an independent director of Minefinders Corp. Ltd., from March 18, 1996 until its acquisition by Pan American Silver Corporation in January 2012 for $1.5 billion. Mr. Dawson has been a member of the technical advisory board of Kaminak Gold Corp. since December 11, 2006 and he was part of the original Pan Ocean team which made the discovery of the Lac Cinquante U-Mo Occurrence (now held by Kivalliq Energy Corporation) in 1975. Jim graduated from Memorial University with a B.Sc. in 1960 and an M.Sc. in 1963.

Dale Wallster (CTAC member) is a geologist and a prospector with over 30 years of experience in North American mineral deposit exploration, with a focus on the targeting and discovery of unconformity-related uranium deposits since 2002. He was president and founder of Roughrider Uranium Corp., a company acquired by Hathor Exploration Limited in 2006 for its 1,000,000 acres of strategically located uranium properties in the Athabasca Basin. Dale and his team are widely credited in the mineral exploration sector for the discovery of the Hathor's Roughrider deposit. In January 2012, Hathor became a wholly-owned subsidiary of Rio Tinto as part of a CAD$650 million acquisition.

Jeff Sundar (V.P., Corporate Development) has 16 years of experience in the capital markets and mineral exploration sector. Mr. Sundar was a Director of Underworld Resources which discovered the 1.6 million oz White Gold deposit in west-central Yukon, and was subsequently acquired by Kinross Gold for $138 million in June 2010. Mr. Sundar leads Northern Empire's corporate development, marketing, and financing efforts.

About Northern Empire

Northern Empire is a newly formed company which will follow the "Project Generator" business model to take advantage of the depressed market conditions in the resource sector to acquire low acquisition and low holding cost properties with significant exploration potential.

A Project Generator identifies, acquires, and performs early stage exploration on compelling exploration targets before finding project partners to bear the financial risk associated with advanced exploration.

Northern Empire's experienced board and management team feels that executing the Project Generator business model is the most practical way to provide investors the potential excitement and value creation of mineral discoveries, without the financial risks and equity dilution of standard exploration programs.


James R. Paterson, President, CEO and Director


This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding mineral exploration operations and objectives are subject to risk, including, but are not limited to, exploration and geologic risk, inflation and costs of goods and services, property title issues and regulatory approvals. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.

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