VANCOUVER, March 19, 2014 /CNW/ - Mediterranean Resources Ltd. (TSX:
MNR; Frankfurt: MHM1) ("MNR" or the "Company") wishes to advise that
Anthony Jackson the consulting CFO of the Company has tendered his
resignation and wishes to henceforth operate in the role as the
Company's consulting accountant.
The Company shall shortly announce the appointment of a new CFO.
About Mediterranean Resources
The company is developing two mine projects located at its 100%-owned
Red Mountain (Kızıldağ) Project in Northeastern Turkey. The projects
consist of the Tac (gold/copper) deposit and the Corak (gold/zinc/lead)
Tac and Corak were the subject of an NI 43-101 resource statement
prepared by SRK in 2009 and a Preliminary Assessment (also by SRK)
prepared in September 2011. The company plans on advancing these
deposits into production through open-pit mining.
Signed on behalf of the Board of Directors.
Forward-Looking Statements: This Mediterranean Resources Ltd. news
release may contain certain "forward-looking" statements and
information relating to Mediterranean which are based on the beliefs of
Mediterranean management, as well as assumptions made by and
information currently available to Mediterranean management. Such
statements reflect the current risks, uncertainties and assumptions
related to certain factors including, without limitations, exploration
and development risks, expenditure and financing requirements, title
matters, operating hazards, metal prices, political and economic
factors, competitive factors, general economic conditions,
relationships with vendors and strategic partners, governmental
regulation and supervision, seasonality, technological change, industry
practices, and one-time events. Should any one or more of these risks
or uncertainties materialize or change, or should any underlying
assumptions prove incorrect, actual results and forward-looking
statements may vary materially from those described herein.
SOURCE: Mediterranean Resources Ltd.
For further information:
President and CEO