Yukon Zinc Corporation

Yukon Zinc Corporation

September 10, 2007 16:05 ET

Yukon Zinc Announces Financial Management Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2007) - Yukon Zinc Corporation (TSX VENTURE:YZC) announces changes in its financial management staff. Christina Cepeliauskas, previously interim CFO, is leaving the Company to pursue a senior position with another public company. Ms. Cepeliauskas was CFO during a busy period for the Company, culminating in the announcement of the US$140 million Barclays conditional project financing for Wolverine (see August 27, 2007 News Release). Yukon Zinc wishes to thank her for her contribution and wishes her well in her new position.

With the advancement of project financing, a formal search process commenced several weeks ago for a senior executive with CFO mine operational experience. In the interim, Mr. Robert McKnight, P.Eng., MBA, will act as Chief Financial Officer. Mr. McKnight is currently a Director and Vice President Corporate Development, and was CFO of the Company during the period May 2004 to October 2006.

Mr. Tony Mayer, CA, has been promoted to Controller. Since joining the company, Mr. Mayer has been a valuable addition to the financial management team. His promotion will strengthen the accounting team as Yukon Zinc builds the financial capacity and systems to facilitate transition to producer status.

This news release contains forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of failure to complete the proposed senior debt financing, failure to obtain the required equity, failure to obtain necessary regulatory approvals, failure to secure key permits, senior project debt and equity financing, mine development and operational risks and other risk factors beyond Yukon Zinc's control; and actual results may differ materially from the expected results.

12G: 82-4603

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

Contact Information

  • Yukon Zinc Corporation
    Dr. Harlan Meade
    President and CEO
    (604) 682-5474 or Toll Free: 1-877-682-5474
    Yukon Zinc Corporation
    Shae Dalphond
    Manager, Investor Communications
    (604) 682-5474 or Toll Free: 1-877-682-5474
    (604) 682-5404 (FAX)
    International Toll Free: 1-800-8682-5474
    Email: info@yukonzinc.com / Website: www.yukonzinc.com