URSA Major Minerals Incorporated
TSX : UMJ

URSA Major Minerals Incorporated

April 09, 2007 13:12 ET

URSA Major Minerals Appoints Bruce Mackie as Vice President of Exploration and Corporate Development

TORONTO, ONTARIO--(CCNMatthews - April 9, 2007) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY U.S. NEWS WIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES.

URSA Major Minerals Incorporated (URSA Major) (TSX VENTURE:UMJ) is pleased to announce the appointment of Mr. Bruce W. Mackie, P. Geo., as Vice President of Exploration and Corporate Development. Mr. Mackie is a professional geologist with more than 30 years of domestic and international experience in the mining industry. Before joining URSA Major, Mr. Mackie was VP Exploration and Corporate Development at North American Palladium Ltd. and prior to that held several senior exploration positions within Noranda and Hemlo Gold Mines.

Richard Sutcliffe, CEO of URSA Major stated "We are very pleased to have Bruce Mackie join our team. Bruce brings a vast amount of experience at managing and successfully advancing exploration programs and in the evaluation of new business opportunities. Bruce will drive forward our aggressive nickel-copper exploration programs in the Sudbury area and will also be seeking base metal acquisitions that meet our alliance mandate with Korea Resources Corporation (KORES)."

URSA Major also announces that a total of up to 600,000 options to acquire shares at a price of $0.91 are being granted to officers including Mr. Mackie, directors and consultants. The option grants will have up to a five year term and are subject to approval by the TSX Venture Exchange. URSA Major has 26,721,561 shares outstanding.

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.

This release was prepared by management of the Company who takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • URSA Major Minerals Incorporated
    Dr. Richard Sutcliffe, P.Geo
    President & CEO
    (416) 864-0615
    (416) 864-0620 (FAX)
    or
    URSA Major Minerals Incorporated
    Chris Chadder, C.A.
    CFO
    (416) 864-0615
    (416) 864-0620 (FAX)
    Email: info@ursamajorminerals.com
    Website: www.ursamajorminerals.com
    or
    URSA Major Minerals Incorporated
    Gus Garisto
    Investor Relations
    Cell: (416) 805-3106