Shear Diamonds Ltd.
TSX VENTURE : SRM

January 10, 2011 11:59 ET

Shear Diamonds Ltd. Announces Vice President of Exploration and VP of Operations

EDMONTON, ALBERTA--(Marketwire - Jan. 10, 2011) - Shear Diamonds Ltd. ("Shear") (TSX VENTURE:SRM) is pleased to announce that Jennifer Burgess has been appointed as Shear's new Vice President Exploration and Fred Mason as Shear's new Vice President Operations.

Ms. Burgess has over 18 years mineral exploration experience specializing in diamonds. She was an integral member in the development of the Diavik Diamond Mine, and has managed many diamond exploration projects in northern Canada, including Shear's Churchill Diamond Project and most recently Peregrine's Chidliak Diamond Project on Baffin Island. Ms. Burgess has a B.Sc. Honours in Geological Sciences from Queen's University in Kingston, Ontario, and is a registered Professional Geologist with NAPEGG.

Fred Mason has over 37 years of experience with senior mining companies. Prior to joining Shear, he was Vice President of Operations for Starfield Resources and their Ferguson Lake Project located in the Kivalliq region of Nunavut. He was Construction Manager for Newgold Inc, located near Kamloops BC, Vice President and General Manager at Kinross Gold Corporation's Refugio project near Copiapo, Chile, and General Manager of the Pascua Lama project for Barrick Gold Corporation, situated on the border of Chile and Argentina. Mr. Mason was also Vice President of Operations and Senior Manager of Mining for Freeport-McMoran Copper & Gold Inc. in Indonesia and General Manager at the Toquepala Area for Southern Peru Copper, now known as Southern Copper Corporation. Mr. Mason has bachelor's degree in Geological Engineering from University of Saskatchewan.

"We are excited to welcome both Jennifer and Fred to the Shear team. Their knowledge, rich mining expertise and previous work experience in the Canadian North will be an asset to Shear as we move our Jericho project forward," says Shear President and CEO Pamela Strand.

Shear is a Canadian-based company focused on diamond exploration and development in Canada's North, where it explores established diamond districts and has discovered new ones. Shear currently has a portfolio of eight diamond projects, including three advanced projects with development potential Shear holds a 100% interest in its recently acquired Jericho Diamond Mine and surrounding exploration assets, located in the Kitikmeot region of Nunavut. Jericho is Nunavut's first and only diamond mine.

On behalf of the Board of
SHEAR DIAMONDS LTD.

Pamela Strand, P. Geol., President & CEO
Julie Lassonde, Executive Chairman

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from Shear's expectations are in its documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. Shear disclaims any intention or obligation to revise or update such statements.

Neither the 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.

Contact Information

  • Shear Diamonds Ltd.
    Pamela Strand, P. Geol.
    President & CEO
    780-435-0045 or 1-866-298-9695
    or
    Shear Diamonds Ltd.
    Julie Lassonde
    Executive Chairman
    780-435-0045 or 1-866-298-9695
    www.shearminerals.com