St. Eugene Mining Corporation Ltd.
TSX VENTURE : SEM

St. Eugene Mining Corporation Ltd.

September 08, 2010 08:30 ET

St. Eugene Appoints Kevin Weston, Mining Engineer, as President and Director

TORONTO, ONTARIO--(Marketwire - Sept. 8, 2010) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

St. Eugene Mining Corporation Ltd. (TSX VENTURE:SEM) ("St. Eugene" or the "Company") is pleased to announce the appointment of Mr. Kevin Weston, Mining Engineer, as President and Director of the Company. Working in conjunction with Ms. Jennifer Boyle (who will remain as Chief Executive Officer), Mr. Weston will be instrumental in expediting the Company's projects, particularly with the assessment of the Amisk Lake project as a potential bulk mining operation (see News Release May 12, 2010), and with the continuing evaluation of re-commissioning the Tartan Lake Gold Mine project – each located in the Flin Flon greenstone belt.

Kevin holds a Bachelor's Degree, Mining Engineering, from Mc Gill University, and has an extensive 30 year background in developing and operating mining projects, more recently as a trouble-shooter in turning around challenging operations to achieve target objectives.

His experience includes Chief Operating Officer of Farallon Mining Ltd. overseeing the G-9 operation in Mexico, VP Operations of Capstone Mining, Breakwater Resources (VP and General Manager Myra Falls, General Manager Caribou Mine, NB), President of Ross Finlay, Val d'Or, QC, McWatters Mining Inc., and Royal Oak Mines (Kemess, Colomac, Hope Brook, and Giant Mines).

Over the past 10 months, St. Eugene has focussed on re-organizing its key assets and personnel. Including the recent appointment of Mr. Weston, St. Eugene has now added 7 strategic personnel to the team, namely:

  • Mr. Wes Hanson P. Geo. Advisor to St. Eugene and former Chief Geologist at Tartan (1986/89) (see news release dated April 8, 2010);
  • Julie Lassonde, B.Sc., Advisor (See News Release October 26, 2009);
  • Pamela Strand, P. Geol., Member of the Board of Directors (See News Release October 26, 2009) overseeing financing and technical direction;
  • Jeff Stibbard, P. Eng., CEO JDS Mining – Mr. Stibbard is a mining engineering consultant working on developing cash flow models for the Tartan Lake Mine. Jeff worked as the mine engineer at Tartan Lake Mine 1988 to 1989;
  • Jennifer Boyle, B.A., LL.B., Chief Executive Officer. Jennifer joined the Company in November, 2009 as part of a business combination transaction with Takara Resources (See News Release dated October 26, 2009 and October 31, 2009); and
  • Mr. Pat Hannon M.A. Sc., P.Eng., a principal of MineTech and lead consultant, currently completing resource estimate and updating mining permits on Tartan Lake Mine (Pat Hannon formerly worked at Tartan Lake Mine when he was VP Exploration for Claude Resources (see News Release June 1, 2010).

Mr. Weston's appointment as President and Director is subject to the approval of the TSX Venture Exchange. The Company has reserved for issuance 1,000,000 incentive stock options for Mr. Weston exerciseable incrementally at $0.10 per share expiring in 5 years.

St. Eugene holds a 100% interest in the Tartan Lake Mine, Manitoba, as well as a 35% interest in the Amisk Lake gold advanced exploration project (partnered with Claude Resources) located on the westerly portion of the Flin Flon greenstone belt, Saskatchewan. 

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This Press Release may contain statements which constitute 'forward-looking' statements, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company's quarterly and annual Management's Discussion and Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking 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.

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