PGM Ventures Corporation

PGM Ventures Corporation

November 02, 2005 11:26 ET

PGM Ventures Corporation: Appointment Of Senior Management Team To Develop The Aguas Tenidas Mine

TORONTO, ONTARIO--(CCNMatthews - Nov. 2, 2005) - PGM Ventures Corporation (TSX VENTURE:PPG) ("PGM") is pleased to announce the appointment of a number of significant new members to its senior management team, both at the PGM corporate level and at the level of its Spanish subsidiary Minas de Aguas Tenidas S.A. These personnel will be focussed on the development of PGM's Aguas Tenidas mine located in the Northern Pyrite Belt of SW Spain.

Leo O'Shaughnessy (55) - Chief Financial Officer PGM

Leo O'Shaughnessy is a chartered accountant with over 25 years experience in the mining industry, including the marketing of metal concentrates. From 1996 to 2002, he was Finance Director for Anglo American plc's zinc/lead Lisheen Mine located in southern Ireland, during the period when this mine was brought into commercial production. From 1976 to 1996, he was Group Accountant and Financial Controller for Tara Mines Ltd., a zinc/lead mine, also located in southern Ireland. From 2002 to 2005, he rejoined Tara Mines Ltd. as head of marketing.

Americo Villafuerte (45) - General Manager MATSA & PGM Vice-President, Operations

Americo Villafuerte is a mining engineer with over 20 years experience in the industry and has an MBA from the American Graduate School of International Management. Prior to joining PGM, he served as general manager for two mining projects in South America - Coeur d'Alene Mines Corporation's San Bartolome Project in Bolivia and Manhattan Minerals Corp.'s Tambogrande Project in Peru. From 1997 to 2002, he was operations manager for Barrick Gold Inc.'s Pierina gold mine in Peru, including its construction period. Prior to this, he was with Southern Peru Corporation from 1985 to 1997, where he was Mine General Chief for the Cuajone and Toquepala copper mines from 1995 to 1997.

Francisco Fimbres (48) - Plant Manager MATSA

Francisco Fimbres is a metallurgical engineer with over 24 years experience in the mining industry. He joins PGM from Apollo Gold Corporation's 18,500tpd Montana Tunnels Mine, a low grade polymetallic Cu/Zn/Pb/Ag/Au operation, where he was the plant manager. He has wide experience as a plant manager in a variety of mining operations including polymetallic, lead/zinc/silver and copper ores in the United States, Honduras and Mexico.

Kevin Whittaker (40) - Chief Financial Officer, MATSA

Kevin Whittaker is a chartered accountant with over nine years experience in accounting, auditing and financial affairs in Spain. He started his career with Coopers & Lybrand in

London after qualifying in 1996. He has held senior management positions in the mining and real estate industries in southern Spain.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are in Canadian dollars unless otherwise noted.

The TSX Venture Exchange does not accept responsibility for the adequacy of accuracy of this release.

Contact Information

  • PGM Ventures Corporation
    Peter Miller or Norm Brewster
    1-(416) 815-8666.