Haywood secures top-tier mining specialist, expanding its mining analyst
bench strength

National investment dealer appoints Joe Mazumdar to its mining research team

VANCOUVER, Dec. 16 /CNW/ - Haywood Securities Inc., one of Canada's leading independent investment dealers, has further deepened its research coverage with the addition of Joe Mazumdar to its mining research team. Mazumdar will work out of Haywood's Vancouver office.

"Joe's appointment highlights Haywood's commitment to field a globally competitive and relevant team that rivals will find hard to match in terms of academic, technical and tenured experience," said Rob Blanchard, president of Haywood. "Joe's academic training, global experience in mining, where he has evaluated multi-billion dollar investment decisions, and his proven track record in the industry contributes significantly to our team of extremely talented analysts, ensuring Haywood's future in mining research as distinct."

Haywood's dedication to exhaustive coverage of the mining sector is evident from its pursuit of Joe as an addition to the team. Having spent the last four years in financial analysis, corporate development and strategic planning for gold producer Newmont, Mazumdar has sharpened his skills as a high-caliber analyst of the precious metals market. Mazumdar's previous experience in commodity market analysis and trading during his tenure at Phelps Dodge speak to his depth of knowledge of the commodity sector.

Mazumdar brings comprehensive knowledge of gold, copper and non-ferrous metal markets as well as 13 years working as a geologist internationally for companies such as Rio Tinto (Argentina), Mount Isa Mines (Australia), North (Chile/Peru/Argentina) and Noranda (Canada) and most recently for IAMGold in Argentina and Ecuador. As a product of his seven years in South America, Joe is bilingual in Spanish.

"Joe's decision to join us speaks to the strength and breadth of our mining franchise," said David Lyall, head of institutional sales at Haywood. "The tactical and strategic benefits of Joe's experience allow us to further provide clients with high-performance insight into investments."

Mazumdar graduated from the University of Alberta with a bachelor of science in geology and the James Cook University in Australia with a master of science in exploration and mining. He most recently earned a MS in mineral economics from the Colorado School of Mines in 2003. He is a member of the AusIMM and various other mining industry organizations.

About Haywood Securities

Founded in 1981, Haywood Securities is a private, 100-per-cent employee-owned investment dealer with more than 275 employees and Canadian offices in Vancouver, Calgary and Toronto. The firm is a member of the Toronto Stock Exchange, the TSX Venture Exchange, the Bourse de Montreal, Investment Industry Regulatory Organization of Canada, the Canadian Investor Protection Fund and the Investment Industry Association of Canada. In addition, Haywood (USA) Securities Inc., a wholly owned subsidiary of Haywood Securities Inc., is a broker-dealer registered to transact securities business in the United States with the Financial Industry Regulatory Authority and is a member of the Securities Industry and Financial Markets Association. Similarly, Haywood Securities (UK) Limited is a wholly-owned subsidiary with offices in London, U.K. and registered with the Financial Services Authority (FSA) to service institutional customers in the U.K. More information about Haywood can be found at www.haywood.com.

SOURCE HAYWOOD SECURITIES

For further information: For further information: or to schedule an interview, please contact: Yvonne Yuen, Wilcox Group, (604) 488-1100

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