Aurcana Corporation ("Aurcana" or the "Company") is pleased to announce the appointment of Paul Matysek, past President and CEO of Potash One, to its board of Directors. Aurcana has also added Ken Collison, and Jerry Blackwell to it's Technical Advisory Committee.
Mr. Matysek has over 30 years of experience in the mining industry and is an experienced professional geochemist and geologist with a Bachelor and Master of Science degrees in Geology. Mr. Matysek has held senior management and director positions with several natural resource exploration and development companies including Lithium One, Ocean Park Ventures, Forsys Metals and Nevada Copper. Mr. Matysek a company builder, most recently held the position of President and CEO of Potash One Inc. In November 2010, Potash One Inc agreed to a friendly takeover by K+S for $4.50 a share ($434 million of consideration). Prior to joining Potash One Inc., Mr. Matysek was the President and CEO of Energy Metals Corporation, a premier uranium company traded on the New York Stock and Toronto Stock Exchanges. Energy Metals became one of the fastest growing companies in Canada in the last few years having grown from a market capitalization of only $10 million in 2004 to approximately $1.5 billion when it was acquired by a larger uranium producer in 2007.
Mr. Collison has over 30 years of experience in the mining industry. Most recently, he served as Chief Operating Officer of Thompson Creek Metals, which included the responsibility for the operations of the Endako and Thompson Creek molybdenum mines. From 2001 to 2004, Mr. Collison worked for the State of Alaska managing construction of sewer and water systems for rural Alaska with extensive dealings with rural populations including first nations communities. In addition, he has held various high ranking positions with Coeur d'Alene Mines and Rio Algom Limited. Mr. Collison has served as a director of the Mining Associations of Canada and BC as well as president and director of the Nova Scotia Chamber of Mineral Resources. Mr. Collison holds a B. Sc. in Mining Engineering and a Masters of Engineering in Mining; he received both from University of Saskatchewan
Mr. Blackwell, a Director and President of Gitennes Exploration Inc., is a professional geologist who since 1970 has worked continuously in the mining exploration industry. Since 1993 Mr. Blackwell's principal occupation has been serving as President of the Corporation. Prior to his appointment with the Corporation, Mr. Blackwell was self-employed as a consulting geologist, and prior to that was a project geologist with Cominco Ltd. Mr. Blackwell also serves as advisor to Bayswater Uranium Corp. and Invenio Resources Corp., companies listed on the TSX Venture Exchange.
The Company is also pleased to announce the appointment of Mr. Salvador Huerta as Chief Financial Officer of the Company. Mr. Huerta was born in Mexico and finished his university degree as a Certified Public Accountant in Mexico. Mr. Huerta has over 25 years of experience as CFO. Previously he was Deputy President and CFO of manufacturing companies in Mexico such as TIMEX, HJ Heinz, ALFA Group and San Luis -- Rassini Automotive Group. He has several professional post graduate courses from IPADE (Harvard Business campus in Mexico), The Harvard Business School and The University of Hawaii. Salvador has served as a director on the advisory board of IME (Institute of Mexicans Abroad) and President of the Rotary Club of West Vancouver.
Aurcana President, Lenic Rodriguez states: These appointments reinforce Aurcana's already strong management team and provides further guidance to the strong growth path that the company is currently following.
Aurcana further advises that 10,100,000 stock options at a price of $0.76 per common share in accordance with the policies of the TSX Venture Exchange (the "Options"), have been granted to various Directors, Officers and Consultants of the Company.
The Options have been granted in accordance with the terms of the Company's 10% rolling Stock Option Plan approved on June 18, 2010.
About Aurcana Corporation:
Aurcana is committed to become a mid-tier silver producer. Annualized pure silver production is on schedule to exceed 5 million ounces (6.0 million ounces silver equivalent) by year 2012.
ON BEHALF OF THE BOARD OF DIRECTORS OF
"Lenic Rodriguez", President and C.E.O.
For further information, visit the website at www.aurcana.com or contact:
Jack Barnes, Corporate Relations, Aurcana Corporation
P: (604) 331-9333 TF: (866) 532-9333 F: (604) 633-9179 E: email@example.com
Caution Regarding Forward-Looking Statements -- This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include unsuccessful exploration results, changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.