SASKATOON, SASKATCHEWAN--(Marketwired - Feb. 18, 2014) - Star Minerals Group Ltd. ("Star" or the "Company") (CSE:SUV) is pleased to announce that Kazuo Machida ("Kaz" ) has been appointed as director of the Company effective February 11th, 2014.
Mr. Machida, MBA, worked with Itochu Corporation, one of the leading Japanese trading firms for more than 32 years. Based primarily in Tokyo, Kaz was involved with Itochu's highly competitive international trading business, specializing in the field of industrial minerals. During his career, he not only built up Itochu's international trade business, while based in Perth, Western Australia and in Singapore, but also launched many new development projects in joint venture with other leading international enterprises from around the world. Kaz is one of the pioneers in the rare earth trade in Japan, which is the most significant rare earth market after China. Itochu was the first leading Japanese trading company formally approved by the Chinese government as a friendly trading company in 1972, before the Treaty of Peace and Friendship was officially signed by both countries in August 1978. In the early 1980's, Kaz began importing rare earth products into Japan. After assuming senior executive and management positions in Tokyo, Osaka, and Singapore, he left Itochu and formed Kay Investment Limited to provide consulting service to trading and manufacturing companies. In 2006, he resumed trading rare earth oxides and metals from China to leading Japanese users and uses his considerable expertise in consulting for a diverse base of clientele, not just for rare earths, but for rare metals such as tantalum and lithium as well. Previous clientele of Mr. Machida's include prominent public companies such as Lynas Corporation Ltd., Arafura Resources Limited, and Great Western Minerals Group Limited, and private companies including Rincon Lithium Limited.
Jim Engdahl, President and CEO, states, "I am extremely pleased to welcome Kaz to the Board of Star. His in-depth knowledge of rare earth and rare metal supply chains, inside and outside China, and his direct connections to end users will be of immense value to Star as we focus on developing strategic mineral resources."
About Star Minerals Group Ltd.
Star is a Canadian based junior exploration company focused on the acquisition and development of strategic resource properties on a worldwide basis.
Star trades on the CSE (formerly CNSX) under the symbol "SUV".
For more information, please visit our website at www.starminerals.ca.
Forward Looking Statements
This news release contains certain statements which constitute forward-looking statements or information ("forward-looking statements"). Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Star's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Star believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward looking information. As such, readers are cautioned not to place undue reliance on the forward looking information, as no assurance can be provided as to future results, levels of activity or achievements. Other factors that could materially affect such forward-looking statements are described in the risk factors in the most recent management's discussion and analysis that is available on the Company's profile on SEDAR at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Star does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.