Silvermet Inc.

Silvermet Inc.

June 11, 2008 11:34 ET

Silvermet Announces Change to Board of Directors

TORONTO, ONTARIO--(Marketwire - June 11, 2008) - Silvermet Inc. ("Silvermet" or the "Company") (TSX VENTURE:SYI) announces that Matthew Gaasenbeek has tendered his resignation as a director of the Corporation, such resignation to be effective as of May 30, 2008.

We thank Matthew for his many contributions to the Board of Directors and to the Corporation and wish Matthew well with his future endeavors.

The Corporation's Directors reviewed candidates to assume Mr. Gaasenbeek's role and responsibilities within the Corporation. Such candidate will be nominated at the Annual Meeting of Shareholders to be held on June 12, 2008 (the "Meeting").

Silvermet is an exploration and development company presently focused on developing a major zinc project in Turkey and exploring for nickel-copper-platinum group metals at its Muskox project located in Nunavut, Canada. Silvermet is reviewing the restructuring of the Turkish and Muskox activities into separate entities, one as project development and the other pure exploration.

Caution concerning forward-looking statements: The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, political instability, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raised additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events except as may be required under applicable securities laws. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

The TSX Venture Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Silvermet Inc.
    Clifford H. Frame
    (416) 203-8336
    (416) 203-9483 (FAX)
    Silvermet Inc.
    Stephen G. Roman
    President and CEO
    (416) 368-3949