SOURCE: Sarissa Resources Inc.

September 19, 2013 09:25 ET

Sarissa Resources Corporate Update

OAKVILLE, ON--(Marketwired - Sep 19, 2013) - Sarissa Resources Inc. ("Sarissa" or the "Company") (PINKSHEETS: SRSR) is pleased to announce the appointment of Mr. Benjamin A. Ward to the Company's Board of Directors. Mr. Ward has also been appointed to the position of President and Chief Operating Officer of the Company. The Company's current President, Scott Keevil, will remain as Chairman and CEO.

Mr. Ward brings a dynamic aspect to the Board and the Company that is expected to be helpful in bringing the development plans for the Nemegosenda niobium project in Ontario to fruition and will be his sole focus with the company. He has proven adept at public company management and development, bringing Joshua Gold Resources Inc. (OTCQB: JSHG) to trading in a challenging environment in the mineral exploration sector in 2012.

His previous experience includes Project and Program Management in international infrastructure and development projects, primarily in The Republic of Chad, Papua New Guinea and Haiti. Benjamin holds a HBA and Master of Business Administration with a dual concentration of finance and operations.

"I look forward to working closely with Mr. Keevil as we work to capitalize on the historical resource of 18 Million Tonnes of Nb2O5 material, and completing a joint venture with one of the many interested and qualified parties to bring the property to the feasibility stage," said Mr. Ward. "There is potential to bring near term value to the Company and build from the base that has been established. The strategic importance of Niobium to the world's steelmakers and current lack of distribution to many of the global markets, provide a unique opportunity for security of future supply to many of the world's emerging steel producers."

Mr. Ward's initial focus will be to quickly move forward and close on the financing and development initiatives for the Nemegosenda Niobium Property that have become available to the Company.

Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sarissa Resources Inc. and Nio-Star Corp., as well as members of their respective management, in addition to the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. Neither Sarissa nor Nio-Star undertakes any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

About Sarissa Resources Inc.

Sarissa Resources Inc. is a junior exploration company with interests in properties in Northern Ontario, Canada. Sarissa and Nio-Star are specifically focused on the development of the Nemegosenda niobium project as well as the Shining Tree Resources Corp. gold projects.

Contact Information

  • FOR FURTHER INFORMATION contact:
    www.sarissaresources.com
    Public Relations: Merle Goertz
    North America: 866-307-1331
    Hong Kong: 852 8174 5996