TORONTO, ONTARIO -- (Marketwire) -- 03/01/13 -- Orvana Minerals Corp. (TSX: ORV) ("Orvana or the Company"), is pleased to announce the addition of Michael Winship and Ed Guimaraes to the Board of Directors. The Compensation and Nominating Committee retained the services of a reputable executive search firm with the goal of identifying qualified professionals who could serve as independent directors on the Company's Board. Both professionals have the mining and Board experience that can effectively guide management in their efforts to achieve the Company's strategic goals.
Mr. Winship has over 30 years of international experience in mine development, operations, and corporate business. He was the Chief Operating Officer of Quadra FNX Mining Ltd prior to its acquisition by KGHM in 2012. He previously served as President of HudBay Minerals and Chief Operating Officer of PT International Nickel, now PT Vale. He held project and operating positions with Inco, Placer Dome, and Cominco. He is currently a Director of Rubicon Minerals Corporation and a Director of Avanti Mining Inc. Mr. Winship holds a Bachelors of Mining Engineering Degree from McGill University.
Mr. Guimaraes held management positions with Aur Resources Inc. ("Aur") between 1995 and 2007, ultimately serving as Executive Vice-President, Finance and Chief Financial Officer of the Company until Aur was acquired by Teck Resources Limited. Mr. Guimaraes is currently an independent business consultant and is a director of Nuinsco Resources Limited, Aldridge Minerals Inc., Giyani Gold Corp. and Karmin Exploration Inc. He is a Chartered Accountant and has a Bachelor of Arts in Administrative and Commercial Studies from the University of Western Ontario.
"The appointments of Messrs. Winship and Guimaraes to Orvana's Board of Directors will have a positive effect on our efforts to improve operational and financial performance," said Bill Williams, President and Chief Executive Officer of the Company. "We look forward to their contributions in maximizing the value of our assets."
Orvana Minerals is a multi-mine gold and copper producer. Orvana's primary asset is the El Valle-Boinas/Carles gold-copper Mine in northern Spain and operates the Don Mario Upper Mineralized Zone Mine in Bolivia, which is a copper-gold-silver deposit. Orvana is also advancing its Copperwood copper project in Michigan, USA. Additional information is available at Orvana's website (www.orvana.com).
Forward Looking Disclaimer
Certain statements in this press release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, potentials, future events or performance (often, but not always, using words or phrases such as "believes", "expects" "plans", "estimates" or "intends" or stating that certain actions, events or results "may", "could", "would", "might", "will" or "are projected to" be taken or achieved) are not statements of historical fact, but are forward-looking statements.
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