URSA Major Minerals Incorporated
TSX : UMJ

URSA Major Minerals Incorporated

January 26, 2012 08:28 ET

URSA Major Minerals' Reports Board Member Resignations

TORONTO, ONTARIO--(Marketwire - Jan. 26, 2012) -

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" or the "Company") (TSX:UMJ) today announces the resignations of Maura Lendon, Martez Moore and Riyaz Lalani, who were all appointed as directors this past year.

Dr. Richard Sutcliffe, URSA Major Minerals' President and CEO stated, "The latter half of 2011 posed many challenges to URSA Major and we regret the resignation of Maura, Martez and Riyaz. We look forward to working with the current board of directors to advance our strategy including the development of the Shakespeare Nickel-Copper Mine, and building value in the URSA properties in Ontario.

We thank the resigning directors for their contributions over the past six months and wish them all the best with their future endeavours."

The URSA Major board consists of, Amar Bhalla, CFA, ICD.D, Chairman, Ross Arnold, Trevor Anderson P.Eng., Keeheum Shin and Richard Sutcliffe, Ph.D., P.Geo.

About URSA Major Minerals - URSA Major is a Canadian mining company with a nickel mine and two nickel sulphide projects containing significant NI 43-101 compliant nickel and copper reserves and resources. The Company is focused on expanding operations at the Shakespeare Nickel Mine and growing its nickel, copper and platinum group metal (PGM) deposits through exploration and development, primarily in Ontario, Canada.

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.

Contact Information

  • URSA Major Minerals Incorporated
    Dr. Richard H. Sutcliffe
    President and CEO
    416-864-0615
    info@ursamajorminerals.com

    URSA Major Minerals Incorporated
    Alison Tullis
    Manager of Investor Relations
    416-864-0615
    atullis@ursamajorminerals.com

    URSA Major Minerals Incorporated
    Address:
    8 King Street East
    Suite #1300
    Toronto, Ontario
    Canada M5C 1B5