News Column

Quia Announces New Director and Provides Update

June 27, 2014



By a News Reporter-Staff News Editor at Ecology, Environment & Conservation -- Quia Resources Inc. ("Quia" or the "Company") (TSX VENTURE:QIA) is pleased to announce the appointment of Mr. Anthony Roodenberg to the Company's board of directors and to provide an update.

New Director

Mr. Anthony Roodenburg has been appointed to the Board of Directors. Mr. Roodenburg will replace Mr. Iain Kelso, who stepped down from the board. Mr. Kelso will remain the Qualified Person for technical disclosure until a suitable replacement is found, and is a Qualified Person within the terms defined by National Instrument 43-101. The Company wishes to sincerely thank Mr. Kelso for his service to the Company and wishes him well in his future endeavors.

Mr. Roodenburg is the founder, largest individual shareholder and CEO of Greencastle Resources Ltd., (TSX VENTURE:VGN) a diversified investment company focused on the natural resource sector. His experience includes four years as an Investment Executive with National Bank Financial (1987-1991). Subsequently, Mr. Roodenburg has been an active investor and founder, officer and director of several public companies, assisting in the areas of corporate development and finance primarily in mineral exploration and the oil and gas sectors.

Mr. Banks commented: "I'm pleased to have Mr. Roodenburg join our board as he brings significant experience in the natural resource industry and capital markets. He will be able to provide a significant contribution to Quia as we continue to develop our agrominerals business."

Projects Update

The Company has been making progress in strategic discussions regarding its San Lucas project. While there is no certainty that a strategic transaction will be completed, the Company believes discussions are at an advanced stage.

With respect to Murdock Mountain, the Bureau of Land Management (the "BLM") provided the Company's joint venture company with notice that they are conducting a study of sage grouse in the project area as part of a broader study for the state of Nevada and northeastern California. The study is expected to be completed in September, and until that time, the BLM will not be in a position to consider our Prospect Permit application and other related environmental studies. The Company did not expect to receive the Prospecting Permit prior to September in any event, and is not precluded from completing the other environmental studies should it choose to do so, subject to the availability of financing and the Company's other priorities and opportunities.

Targeting Program

The Company has engaged the services of a leading expert in certain agrominerals on a consulting basis as well as Caracle Creek International Consulting to develop and undertake a targeting program (the "Targeting Program") aimed at identifying prospects for selected agrominerals in North America which could have growing and potentially significant market potential, and innovative application and positioning within the agrominerals marketplace. In particular, the Company is seeking projects amenable to direct application, low-capex, near-term development, and in some cases with second phase potential for processing to higher value products and that are in line with the ongoing evolution of soil and plant nutrition science.

Mr. Banks commented: "We have identified specific supply gaps and demand drivers in North American fertilizer markets that we believe present compelling business opportunities through the development of suitable minerals to address these needs. We are currently focusing on crystallizing our research efforts and the relationships we have built with key experts and potential strategic partners to expand our asset-base and significantly enhance the growth profile of the Company. We look forward to providing further updates and details as this effort progresses."

Keywords for this news article include: Production, Environment, Manufacturing.

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Source: Ecology, Environment & Conservation


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