Scandinavian Minerals Limited

Scandinavian Minerals Limited

March 28, 2008 08:11 ET

Scandinavian Minerals Adds a New Director to the Board

TORONTO, ONTARIO--(Marketwire - March 28, 2008) - Scandinavian Minerals Ltd. (TSX:SGL) (FRANKFURT:W3M) is pleased to announce that the Board of Directors have appointed Christian de Saint-Rome to the Company's Board of Directors.

Mr. de Saint-Rome has considerable experience in the international and Canadian markets. Mr. de Saint-Rome is currently President and Chief Executive Officer and a Director of Bearclaw Capital Corp (TSX VENTURE:BRL) in Montreal. He was previously an officer of Northern Shield Resources Inc., a mining exploration company listed on the TSX Venture Exchange. Mr. de Saint-Rome also has a substantial background as an investment advisor and in early-stage corporate management.

Mr. de Saint-Rome is also President of the Finnish-Canadian Chamber of Commerce, since 2002. The Finnish-Canadian Chamber of Commerce promotes contacts between local business and Finnish companies, develops social activities within the Finnish community and highlights Finnish products and services within the other European Union Chambers of Commerce, all based in Montreal.

Mr. Peter Walker, President & CEO of Scandinavian Minerals, said, "We are delighted to welcome Chris de Saint-Rome as a Director and, with his Finnish background and business experience, we look forward to his contribution and advice."

About Scandinavian Minerals

Scandinavian Minerals Limited is a Canadian public company listed on the Toronto Stock Exchange under the symbol "SGL" and on the Frankfurt Freiverkehr market under the symbol W3M. The Company's current focus is the development of its 100%-owned Kevitsa nickel-copper-PGE project in northern Finland.

Kevitsa, situated in northern Finland, is one of the world's major undeveloped sulphide nickel deposits and one of the largest mineral discoveries in Finland's history. The Kevitsa deposit is easily accessible by road. Water and hydroelectric power are available nearby.

In April 2007 Scandinavian Minerals commenced the Feasibility Study for the Kevitsa project. The Study is being coordinated by St Barbara LLP of London, UK. The metallurgical process has been developed by the Mineral Processing Laboratory of the Geological Survey of Finland. Plant engineering and design is being performed by Outotec Oyj. The Feasibility Study is based on an open pit operation mining approximately 5 million tons per year of ore, with production of nickel and copper concentrates for sale to local or overseas smelters and is expected to be completed in the second quarter of calendar 2008.

Contact Information

  • Scandinavian Minerals Limited
    John Kearney
    (416) 203-6128
    Scandinavian Minerals Limited
    Peter Walker
    President & CEO
    (+44) 7717-223909
    Scandinavian Minerals Limited
    Chris de Saint-Rome
    Corporate Development Advisor
    (514) 802-3377
    Studer Consulting AG
    Marlies Studer
    (+41) 44 215 2803