Tintina Mines Limited

June 04, 2012 14:58 ET

Tintina Mines Limited Announces the Appointment of Rishi Tibriwal as Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - June 4, 2012) - Tintina Mines Limited (TSX VENTURE:TTS) ("Tintina" or "the Company") announces that Mr. Rishi Tibriwal has been appointed to the position of Chief Financial Officer ("CFO") of Tintina with effect from June 1, 2012. The Board of Directors have also approved a grant of 150,000 stock options to Mr. Tibriwal under the Company's existing share option plan. These options vest immediately and are exercisable at a price of CAD$0.20 per share for a period of five years.

Mr. Tibriwal was recently an audit partner at Ernst and Young LLP (Toronto) and brings a wealth of experience in the mining industry. He is a Chartered Account and holds a CFA and MBA.

On behalf of the Board, Robert Spiegel, President and Chief Executive Officer, said "we are confident that Rishi's experience will be a significant asset as we continue on our strategic path to grow the company."

Mr. Tibriwal is replacing Mr. W. Ross Abbott, following Mr. Abbott's retirement after over 40 years of service to Tintina. Mr. Abbott will continue as the Corporate Secretary and as a Director of the Company. Mr. Spiegel stated "I would like to thank Ross for his significant contribution and dedication to Tintina in ensuring that the Company remains positioned to develop its Red Mountain molybdenum property. Ross has been an important member of our leadership team and has played a central role in our operational stability. He will continue to play an important role as strategic advisor as we move to the next phase of our strategic plan, which is to perform the necessary field work to permit underground exploration and to evaluate the potential of the Red Mountain property."

Notice on forward-looking statements:

This release includes forward-looking statements regarding the Corporation and its business. Such statements are based on Management's current expectations. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Corporation undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Tintina Mines Limited
    Robert Spiegel
    Chief Executive Officer