URSA Major Minerals Incorporated

URSA Major Minerals Incorporated

November 22, 2010 14:10 ET

URSA Major Minerals Announces Appointment of Investor Relations Manager and Executive Advisor of Corporate Development

TORONTO, ONTARIO--(Marketwire - Nov. 22, 2010) -


URSA Major Minerals Incorporated ("URSA Major" or the "Company") (TSX:UMJ) today announces the following additions to its management team.

Ms. Alison Tullis joins URSA Major as Investor Relations Manager and will be focused on building the visibility within the investment community and on corporate communications. She comes to URSA with six years of investor relations experience working within the mining sector, as well as technology, consumer products, biotech, biofuel, and diversified industries; most recently, as Senior Account Manager with a mining specialization at an international IR firm based in Toronto. Ms. Tullis holds an Honours Bachelor of Arts Degree from Brock University and a Marketing Management Certificate from George Brown College, Toronto.

The Company also announces the engagement of Mr. Douglas Bache as Executive Advisor – Corporate Development. Mr. Bache is also President of Maxum Capital Markets Inc., and has over twenty years of experience in managing, advising and financing resource companies. He has held senior management and board positions with various mining companies including Vale, North American Palladium and Aberdeen International. Mr. Bache was instrumental in structuring URSA Major's facility with Auramet Trading LLC, providing the Company with working capital to reactivate the Shakespeare Mine.

"Strengthening URSA Major's management team is an important step in developing the Company. Having achieved commercial production and positive cash flows at the Shakespeare Nickel Mine, our team at URSA Major is focussing on increasing shareholder value with an active exploration program," commented CEO, Richard Sutcliffe. "We welcome Mr. Bache and Ms. Tullis to our team and to their contribution in building the company's visibility in the investment community."

About the Company

URSA Major is a Canadian mining and exploration company containing significant NI 43-101 compliant nickel and copper reserves and resources found within two nickel sulphide projects primarily in Ontario. The Company is focused on increasing production from its nickel and copper operation in Sudbury, Ontario, and growing its nickel, copper and platinum group metal resources through exploration and development.

Address: 8 King Street East, Suite #1300,
Toronto, Ontario, Canada M5C 1B5
Symbol & Exchange: UMJ – TSX

This release was prepared by management of the Company who takes full responsibility for its contents.

Some statements contained in this release are forward-looking and therefore involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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