Red Crescent Resources Limited
TSX : RCB

Red Crescent Resources Limited

May 17, 2011 09:48 ET

Red Crescent Makes Senior Management Appointments

New positions designed to unlock value of Company's copper and zinc projects

TORONTO, ONTARIO--(Marketwire - May 17, 2011) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Red Crescent Resources Limited (TSX:RCB), a mineral exploration and development company focused on base metals in Turkey, announced today a series of senior management appointments designed to unlock the full value of the Company's projects, including its flagship Hakkari Zinc Project and the recently acquired Sivas Copper Project.

"Ensuring that we maximize our full potential requires a dedicated management team that combines experience and industry knowledge," said Mr. Alan Clegg, Chairman of Red Crescent Resources. "With the creation of new senior roles and the appointments of Doug Taylor and Muhannad Arar, two individuals who have distinguished themselves in the mining industry for a combined total of almost 60 years, we are well positioned to execute our long-term strategy of becoming a low cost producer of zinc and copper."

Doug Taylor has been appointed Project Director and General Manager of RCR Quantum Madenilik A.S., the operator of Red Crescent's recently acquired Sivas Copper Project. Mr. Taylor will be responsible for all exploration and engineering activities involved in the construction of a producing mine and plant, which is expected by 2016. Mr. Taylor has more than 35 years of mining industry experience, and recently served as Red Crescent's Director of Business Development and Strategy.

Muhannad Arar has been named Project Director and General Manager of Red Crescent's zinc projects, including the Company's flagship Hakkari Zinc Project as well as its Tufanbeyli Zinc Project. Mr. Arar is a member of the Chamber of Geological Engineers of Turkey, and has approximately 25 years of mining industry experience. Mr. Arar recently served as Red Crescent's Director of Exploration and Operations.

Alan Clegg, a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information contained in this news release.

The statements made in this press release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

About Red Crescent Resources

Red Crescent Resources (TSX:RCB) is a Turkey-based junior mining company targeting historically inaccessible areas where no modern application of exploration techniques or technology has been applied, with high potential for discovery of significant base metal deposits. For more information, please visit: www.redcrescentresources.com

Contact Information

  • TMX Equicom
    Joe Racanelli
    416 815 0700 ext 243
    jracanelli@equicomgroup.com

    Alan Clegg
    Red Crescent Resources
    +90 530 662 8964
    +27 82 469 8378
    +90 312 448 2926 (FAX)