ROSCAN MINERALS CORPORATION
TSX VENTURE : ROS

May 05, 2008 13:59 ET

RosCan Announces Appointment of Director

TORONTO, ONTARIO--(Marketwire - May 5, 2008) -

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ROSCAN MINERALS CORPORATION ("RosCan") (TSX VENTURE:ROS) announces that at its Annual and Special Meeting of Shareholders, held on April 29, 2008, Mr. Michael Newbury was elected as a director of RosCan. Mr. Newbury replaces former director Mr. Michael Kelly, who withdrew his name from the slate of directors nominated by management.

Mr. Newbury is a professional engineer, project finance specialist and former banker with 35 years of experience in the operation, financing and evaluation of natural resource projects, primarily mining related. Mr. Newbury has extensive experience in the evaluation and financial structuring of natural resource projects in emerging countries, including Russia, Uzbekistan, Kazakhstan and China. During the 1990's Mr. Newbury lived and worked in Russia and in the former Soviet Union. Mr. Newbury is currently President and Chief Executive Officer of Simberi Mining Corporation and is a member of the Board of Directors of various junior mining companies. Mr. Newbury previously managed Barclay's Bank's world mining group and Credit Suisse corporate banking group and was one of the original partners in Endeavour Financial.

RosCan is a development stage mineral exploration company, focused on the acquisition, exploration and development of advanced mineral properties located in Russia, Mongolia and adjacent countries. RosCan continues to actively evaluate opportunities to acquire advanced mineral properties/projects in the geographical areas. RosCan is considering the acquisition of an advanced mineral property/project in Russia and believes it will be in a position to make the acquisition, during the third quarter of fiscal 2008.

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements. Such forward-looking statements include comments regarding acquisitions, mineral resource statements and exploration program performance.

Shares Outstanding: 26,699,573

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • RosCan Minerals Corporation
    Mark McMurdie
    (416) 293-8437
    (416) 293-3957 (FAX)
    Email: info@roscan.ca
    or
    Cobblestone Communications Inc.
    William Chymyck
    (519) 851-2242
    (519) 642-0839 (FAX)
    Email: wchymyck@rogers.com