VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/13/12 -- Long Harbour Exploration Corp. (TSX VENTURE: LHC) (the "Company") is pleased to announce the appointment of Patrick Whyte to its Advisory Board.
Mr. Whyte is the co-founder of Comtek Advanced Structures Ltd. an industry leader in the design, manufacture and repair of aircraft structures made from advanced composite materials, serving OEMs, Tier 1 manufacturers, regional airlines and maintenance facilities worldwide. As CEO, he took the company from a "greenfield" enterprise to becoming an industry leader in aviation-focused composite material manufacturing with 100-200 employees. Mr. Whyte has more than 20 years of senior management experience in the aerospace industry and has expertise in aircraft design, maintenance, repair, modification, conversion and design-build parts manufacture. His aviation industry network, leadership and sales skills, as well as his expertise in the entire realm of composite manufacturing processes are expected to add significant value to the Company and its joint venture with Composite Transport Technologies ("CTT") (announced November 21, 2012). In addition, his relationships and experience with government and industry agencies may facilitate non-dilutive financing opportunities via subsidies and grants from various organizations.
Patrick Whyte, commented, "I am very pleased to be able to contribute to this new enterprise, which is expected to become a significant new player to Ontario's growing aviation-focused composite manufacturing."
The Company also wishes to announce the resignation of Mr. David Allard as a director and thanks Mr. Allard for his contribution to the Company.
Peter Espig, LHC CEO, commented, "We would like to thank David for his contributions and we also welcome Mr. Whyte to our Advisory Board. We are extremely fortunate to have a person of Patrick's caliber join our team and we believe that his wealth of knowledge and hands on experience will prove valuable, not only for enhancing manufacturing processes, but also for expediting product certification."
About Long Harbour Exploration:
Long Harbour Exploration currently holds two uranium properties in the Athabasca Basin, the world's leading source of high-grade uranium, that it expects to spin out and list on the Canadian Stock Exchange (CNSX) though a plan of arrangement in order to focus on its joint venture with Composite Transport Technologies. As stated in a November 21, 2012 news release, the Company will hold 70% of the joint venture. Subject to TSX approval, the Company plans to complete a change of business ("COB") for the Company under the policies of the TSX Venture Exchange (the "TSXV").
Cautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
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.
Long Harbour Exploration Corp.
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