TSX-V: PEB, FRANKFURT: BHB
VANCOUVER, March 18 /CNW/ - The directors of Pebble Creek Mining
Ltd.("Pebble Creek") met on March 13, 2008 and appointed Mr. Eoin Rothery as a
director, to take effect on March 25, 2008.
Mr. Rothery is Managing Director of India Resources Ltd. ("IRL"), a
company based in Perth, Western Australia. IRL became the largest single
shareholder of the Company in December with the purchase of 5 million Pebble
Creek shares (see news release of December 20, 2007).
Mr. Rothery is a geologist experienced in exploration and development of
deposits of copper, gold, manganese, chromite, iron ore, lead, zinc, uranium
and silver. His work has included stints at three world class mines, Jundee,
Broken Hill and McArthur River. He has an admirable track record of
exploration success, particularly in manganese, gold and zinc discoveries.
Prior to joining IRL he was General Manager Exploration of Consolidated
Minerals Limited, another Australia company.
A Special General Meeting of the shareholders of Pebble Creek was also
held on March 13, 2008. The purpose was to seek shareholder approval for the
issuance of shares to IRL, pursuant to the exercise of A Warrants and B
warrants of Pebble Creek, which could result in IRL holding more than 20 per
cent of Pebble Creek, a deemed "change of control". IRL holds 17.1 per cent of
the 29,171,219 issued shares of Pebble Creek. Upon exercise of all its 5
million warrants, IRL could hold as much as 29.3 per cent. The shareholders
granted their approval.
Mr. Rothery fills a vacancy left by the resignation of director Douglas
Nevin, effective March 25, 2008, which the board accepted. Pebble Creek
thanked him for his service during his tenure.
Both Pebble Creek and IRL are focussed on exploration and mine
development in India, and each holds several mineral interests there.
IRL, under agreement with Hindustan Copper Ltd. ("HCL"), a public sector
company, has reopened HCL's Surda mine in Jharkhand and is producing copper
concentrates. More information is available at www.indiaresources.com.au.
Pebble Creek is conducting advanced exploration of its wholly owned Askot
property in Uttarakhand. Its mining lease application on Askot has been
approved by the Indian Ministry of Mines. Askot is a massive sulphide deposit
of copper and zinc, also containing accessory lead,silver and gold.
On behalf of the Board,
Andrew E. Nevin, Ph.D., P.Eng.
President and Chief Executive Officer
"The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release."
For further information:
For further information: Gyan Singhai, Executive Chairman, Telephone:
(604) 696-6101; Mike Romanik, Investor Relations, Verenex Capital Corp.,
Telephone: (204) 724-0613