URSA Major Minerals Incorporated
TSX : UMJ

URSA Major Minerals Incorporated

September 29, 2010 08:30 ET

URSA Major Minerals Appoints Jean-Pierre Colin to Board of Directors

TORONTO, ONTARIO--(Marketwire - Sept. 29, 2010) -  

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:UMJ) is pleased to announce that Mr. Jean-Pierre Colin has been appointed to the board of directors.

Mr. Colin has been an investment banker since 1980 and is currently providing corporate strategy consulting services to CEO's of public companies. He was recently the Director & Head of Corporate Finance at Octagon Capital Corporation, and previously was an investment banker with Desjardins Securities Inc., Executive Vice-President of Deacon Capital Corporation, and Senior Vice President of Richardson Greenshields of Canada Limited. He is a Member of the Bar of the Province of Quebec and holds a Master of Business Administration from the University of Western Ontario, a Civil Law Degree from the University of Ottawa and a Certificate in Comparative Law from the University of Manitoba. He is the founder and former President of Caratax Management Ltd., the manager of public flow-through share limited partnerships, and a former director of numerous other successful public mining companies in Canada including Wolfden Resources Inc., Pelangio Mines Inc., Virginia Gold Mines Inc. and NIM Management, the manager of over $730,000,000 of flow through share funds. He is currently a director of Premier Gold Mines Inc.

Richard Sutcliffe, URSA Major's CEO commented, "We are extremely pleased to have a corporate finance executive of Mr. Colin's calibre join our team at URSA Major. I look forward to working closely with Jean-Pierre on the board and to developing a strategy to maximize our shareholder value for the long term."

URSA Major is a Canadian mining company with two nickel sulphide projects containing significant NI43-101 compliant nickel and copper reserves and resources. The Company is focused on demonstrating profitable operations at the Shakespeare Mine and growing its nickel, copper and platinum group metal (PGM) deposits through exploration and development. The Company is currently drilling at the Nickel Offsets property near Sudbury, Ontario.

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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