Nickel North to Attend PDAC 2013; AGM Announced; Board Nominates Anna Mao; Cathy Wang Appointed CFO
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/22/13 -- Nickel North Exploration Corp. (TSX VENTURE: NNX) (the "Company" or "Nickel North") announces its Annual General Meeting of the Shareholders, nomination of Anna Mao as Director, appointment of Cathy Wang as Chief Financial Officer, resignation of Min Kuang and Michael Cathro as officers, as well as the Company's attendance at the Prospectors and Developers Association of Canada's PDAC 2013 in Toronto.
Annual General Meeting (AGM)
The Company's AGM will be held in Vancouver, British Columbia at 11:00AM, May 13, 2013 at the Offices of Clark Wilson LLP. Shareholders are welcome to attend the AGM and meet with management who are expected to discuss the upcoming field season at the Company's Hawk Ridge Ni-Cu-PGE Project in northern Quebec.
Anna Mao, MBA, Nominated to Join the Company's Board
The board of directors of the Company (the "Board") also nominated Gege (Anna) Mao to be elected as a new director of the Company at the AGM. Ms. Mao is Chairperson of Enterprise Uranium and director of Enterprise metal; both companies are listed in Australian Stock Exchange. She is a creative leader and entrepreneur with over 20 years' experience and knowledge in finance and operations. She has co-founded and developed several successful businesses both in China and Canada. Mrs. Mao graduated from Beijing Institute of Technology University in 1991, and obtained her MBA from Richard Ivey Business School of Western Ontario University in 2001. Ms. Mao was CEO and director of Worldtex Capital Resources Limited, a capital and investment company incorporated in Hong Kong. Mrs. Mao is a Canadian Citizen and resident in Beijing.
Wenshan (Wilson) Zhang, will not be standing for re-election due to other engagements. The Board extends many thanks to Wilson for his contribution and wishes him the very best in his future endeavors.
Ms. Cathy Wang, BBA, C.A. Appointed Chief Financial Officer
On February 18, 2013, Cathy Wang was appointed as Chief Financial Officer of the Company. Ms. Wang is a Chartered Accountant, Certified Public Accountant (U.S.), and Certified Public Accountant (China) with over 13 years working experience in public practice focusing mainly on public companies. She holds Bachelor of International Business Administration from Beijing Jiaotong University. She worked as assurance manager and held senior positions at Ernst & Young LLP, Beijing and Vancouver, as well as Manning Elliott LLP. She has advanced financial and accounting knowledge in IFRS, US and Canadian GAAP.
Min Kuang and Michael Cathro Resigned as Officers
On February 18, 2013, Min Kuang resigned as the Chief Financial Officer of the Company and Michael Cathro resigned as Senior VP of Exploration. Both Ms. Kuang and Mr. Cathro will remain as directors of the Company.
PDAC 2013
The Company also announces that it will be at the Metro Toronto Convention Centre from March 3 through March 6 for the Prospectors and Developers Association of Canada's PDAC 2013 in Booth 2148 of the Investors Exchange. The Company will also be presenting in the PDAC Core Shack Booth 5008 March 5 and 6 and welcomes investors and shareholders to attend and meet with management during the event.
On behalf of Nickel North Exploration Corp.
Phillip Mudry, P.Geol., CEO
About Nickel North Exploration Corp.
Nickel North Exploration Corp. is a Canadian based exploration company whose shares trade on the TSX Venture Exchange under the symbol NNX. The board of directors, advisory committee and management team feature highly experienced mining professionals and technical experts with an extensive history of mineral discovery and mine development; corporate finance and capital markets; as well as corporate mergers, acquisitions and take-overs. Nickel North Exploration Corp. is a conscientious corporate citizen, maintains good relations with First Nations, and is committed to sustainable development. The Company's corporate mission is to become a pre-eminent supplier of nickel, copper and Platinum Group Elements for domestic and global export markets.
About The Hawk Ridge Ni-Cu-PGE Project
The Hawk Ridge Ni-Cu-PGE Project (controlled 100% by Nickel North Exploration Corp) is situated in an established mining district within the Labrador Trough in northern Quebec (rated #1 mining jurisdiction in Canada and recently rated #5 in the world by the Fraser Institute). The project is ideally located on tidewater on the west coast of Ungava Bay. The mineral claims cover 18,000 hectares of a highly anomalous 50 km belt of mafic to ultramafic intrusive, volcanic and sedimentary rocks hosting widespread magmatic copper-nickel sulphide mineralization. The project area lies within the prolific Circum Superior Nickel Belt, which also hosts the world-class (producing) Raglan and Thompson mining districts. The property has an extensive work history dating back to 1961 (24,000 m drilling in 361 holes, approximately $20 million in expenditures) by several operators including Esso, SOGEM, Phelps Dodge and Falconbridge.
Other entities and projects active in the area include Goldcorp's Eleonore Mine which is presently under construction, as well as Oceanic Iron Ore Corp.'s iron deposit, currently under development - along with proposed road and port facilities being considered under the Quebec government's $80 billion "Northern Mineral Development Initiative" supporting mining infrastructure in the province. Additionally, the Quebec government refunds 51% of all exploration and development expenditures in the northern portion of the province.
The technical information in this news release has been reviewed by Phillip Mudry, P.Geol., Nickel North's President and CEO, and a qualified person as defined by National Instrument 43-101. The Hawk Ridge NI 43-101 technical report has been filed on SEDAR and is available on the Company's website.
Disclaimer for Forward-Looking Statements
All statements, other than statements of historical facts, included herein are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "likely" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements in this news release include a statement that management are expected to discuss the upcoming field season at the Company's Hawk Ridge Ni-Cu-PGE Project in northern Quebec at the AGM. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from the Company's expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Nickel North Exploration Corp.
John Kocela
604-609-6182
john@nickelnorth.com
Nickel North Exploration Corp.
Corporate Communications
604-609-6182
604-689-0628 (FAX)
info@nickelnorthexploration.com
www.nickelnorthexploration.com