TORONTO, ONTARIO -- (Marketwire) -- 03/01/13 -- Morumbi Resources Inc. (TSX VENTURE: MOC) ("Morumbi" or the "Company") is pleased to announce that Chris Buncic, CFA, P.Eng has been appointed President & Chief Executive Officer ("CEO") of the Company. Mr. Buncic is assuming the role of CEO from Mr. Lindsay Semple, who has served as Morumbi's CEO since July, 2012. Mr. Semple will assume the role of Chief Operating Officer ("COO") with a focus on further developing the Company's interests in Papua New Guinea ("PNG") and any mineral opportunities that may emerge on the Autonomous Island of Bougainville, PNG should the current moratorium be lifted.
Mr. Buncic graduated with a B.A.Sc in Mechanical Engineering from the University of Toronto. After graduation, Mr. Buncic practiced as an engineer at both Celestica Inc. and Magna International in new product development. Following the completion of an MBA at the Schulich School of Business at York University in 2006, Mr. Buncic joined the capital markets industry in institutional equity research first at Cormark Securities Inc. and subsequently at Mackie Research Capital; firms that both specialize in raising capital for junior resource companies. Mr. Buncic is a CFA charterholder and a licenced Professional Engineer.
Morumbi is a public company with early stage mineral exploration licences in PNG. Morumbi is also currently evaluating resource opportunities on the Autonomous Island of Bougainville, PNG by forming strategic relationships with local landowner companies with the view to securing mineral exploration licences on their traditional lands, if and when the current moratorium is lifted and licences may be granted. It also has a legacy light oil property in northwest Alberta. The Company trades on the TSX Venture Exchange under the symbol "MOC". For more information about Morumbi and the Company's plans visit our website at www.morumbi.ca.
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.
Morumbi Resources Inc.
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