TORONTO, ONTARIO -- (Marketwire) -- 03/22/13 -- Noront Resources Ltd. ("Noront" or the "Company") (TSX VENTURE: NOT) is pleased to announce the appointment of Mr. Peter Mah and Mr. Yuanqing Xu to the board of directors of Noront (the "Board"), subject to approval by the TSX Venture Exchange.
Mr. Yuanqing Xu is the Head of the Americas Region for Baosteel Resources International Company Limited ("Baosteel Resources"), a subsidiary of the Baosteel Group. Mr. Xu has held several senior positions within Baosteel Resources including Deputy Manager of Iron & Steel Resources Development and Trading, Director of the Operation Management Department and Deputy Director of Assets and Finance Department. Mr. Xu holds a Bachelor Degree of Transportation Economics from Northern Jiaotong University.
Mr. Peter Mah is a mining executive with over 23 years of practical underground and open pit mine experience spanning project studies, construction and operations management with some of the industry's largest producers. Mr. Mah's experience includes the building of two new mines and two mine expansions; his experience also includes working in remote regions of northern Canada. He is currently the Vice-President of Operations for Luna Gold Corporation and is responsible for their project development and operations in Brazil. As Group Executive, Newmont Mining Corporation, he was responsible for the global studies of 20-40 million ounces of underground gold projects. Prior to this role, Mr. Mah was the Mine General Manager of Ontario's first diamond mine, the Debeer's Victor mine. There he led the operating team during construction and operations which is producing over 600,000 carats of diamonds annually. His global experience includes the development and management of safety, health, environment, community engagement, government relations and social responsibility programs. Mr. Mah is a Professional Engineer with a Master's (Rock Mechanics) and Bachelor's (Mining and Mineral Process Engineering) of Applied Science from the University of British Columbia. He was a former member of the Ontario Mining Association Board of Directors and former Advisor to the Confederated School of Mines Board of Directors, Ontario.
Mr. Joe Hamilton has resigned from the Board to allow Mr. Peter Mah to join the board. Mr. Hamilton served in several different capacities during his time on the Board from Interim Chief Executive Officer, Chairman of the Board and Chairman of the Corporate Governance and Compensation Committees. Mr. Hamilton played a significant role in shaping Noront's future and his contributions will be missed.
Mr. Yuanqing Xu replaces Mr. Lin as Baosteel's representative on the Board. The Company appreciates Mr. Lin's contributions to the Board and looks forward to working with his replacement.
Paul Parisotto, Interim President and CEO stated: "On behalf of the Board and management of Noront, I would like to extend our sincere best wishes to Mr. Hamilton and Mr. Lin in their future endeavors. At the same time, I am delighted to welcome Mr. Xu and Mr. Mah to the Board. Mr. Xu's and Mr. Mah's expertise and insight will be invaluable as the Company continues to advance Eagle's Nest towards commercial production."
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