SYMC Resources Limited

SYMC Resources Limited

March 28, 2007 13:06 ET

SYMC Appoints Len de Melt Chairman and Interim President and Adds South America Dimension

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 28, 2007) - SYMC Resources Limited ("SYMC" or the "Company") (TSX VENTURE:SY) is pleased to announce the appointment of Len de Melt as the Company's new Chairman of the Board of Directors and to the officer's positions of President and Chief Executive Officer ("CEO") on an interim basis. Mr. McMaster will continue with the Company in the role of Vice President with responsibility for SYMC's Port Alberni operations. The Company also wishes to announce that it has begun to assess a variety of promising opportunities in South America.

Mr. Herbert McMaster stated: "The Company's initiative to pursue opportunities in South America started nearly a year ago when Len joined the Company at last year's AGM. Len has presented some significant opportunities to the Company and I have asked him to take my place at SYMC's helm, due to his vast experience in mining and building successful junior exploration and development companies with operations in Peru and Chile. It is prudent that SYMC have someone with Len's abilities, and experience on the ground in South America, during this critical point in Company's evolution."

"On behalf of the Board, I would like to thank Mr. McMaster for his contributions to SYMC over the past many years," said Mr. De Melt. "Mr. McMaster will continue to watch over our Rex target near Port Alberni, British Columbia so that we are able to advance it when we are able to do so."

"The Company has identified several exciting projects in South America and we are currently in the process of selecting the most promising projects," add Mr. De Melt. "We have also identified several potential management candidates and we will be expanding our search in the upcoming weeks to ensure that we retain the individuals with the qualifications that SYMC needs in order to continue to evolve into a world class exploration company," adds Mr. De Melt.

Mr. De Melt has held management positions with 12 mining companies internationally and was instrumental in starting and building six mines, including Gulf Oil's Rabbit Lake mine (uranium), Syncrude mine (oil sands), Denison's Quintette Mine (coal), Homestake's Golden Bear Mine (gold), BHP's Etaki mine (diamonds), and Goldust's Croiner mine (gold). Mr. De Melt is currently the Executive Chairman of Grenville Gold Corp., and a director and Chief Operating Officer ("COO") of International PBX. He is also a director of several public and private mining companies, including Acero-Martin Exploration Inc., and Canadian Shield Resources Inc. Mr. De Melt was also a director of Vena Resources Inc. and Norsemont Mining Inc. Mr. De Melt is well known within the mining industry and has nearly 30 years of project management and mine development experience.

On behalf of the Board of Directors,

Jeremy Link, Director

The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.

Contact Information

  • SYMC Resources Limited
    Mark T. Brown
    (604) 687-3520
    (604) 688-3392 (FAX)
    SYMC Resources Limited
    Jeremy Link
    (416) 644-8133