Ressources Minieres Pro-Or Inc.

Ressources Minieres Pro-Or Inc.

June 27, 2012 12:10 ET

Pro-Or Appoints Jack Lifton to Senior Management

MONTREAL, QUEBEC--(Marketwire - June 27, 2012) - Pro-Or Inc. ("Pro-Or" or the "Company") (TSX VENTURE:POI) is pleased to announce that the company has signed a consulting agreement with Mr. Jack Lifton from Michigan, United States. Mr. Lifton is internationally renowned as a leader in the field of platinum group elements and rare earth elements. Mr. Lifton's mandate includes, among others:

  • Development of global markets for the use of Pro-Or's technologies.
  • Business development and alliances within the auto industry.
  • Marketing the supply of catalytic converters within the recycling industry.
  • Guiding research related to Pro-Or's technologies.

Mr. Lifton commented, "I am excited to participate in the growth of Pro-Or. The company's patented technology will revolutionize the industry of automobile catalytic converter recycling."

Mr. Sylvain Boulanger, President stated, "We welcome the arrival of Mr. Lifton to our growing executive team, as we expedite towards the next phase of the company's development."

About the Pro-Or technology:

Founded in 1986, Pro-Or is involved in the development of technologies and owns two patents since 2000. They were developed in collaboration with the INRS (Institut National de la Recherche Scientifique). Investment in R & D totaled more than $4M for 6 years to develop and patent the technological process for recovering PGM from ores and concentrates rich in PGM mainly by recycling automobile catalytic converters. This environmentally friendly process requires a small amount of energy to recover PGM compared to current conventional smelting processes. Pro-Or is also active in mining exploration, particularly on its Menarik and Lake Ewart properties at James Bay.

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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