TSX Venture Exchange: MHI
Frankfurt Stock Exchange: N8Z/WKN: AODLHP
Pink Sheets: MHIFF
VANCOUVER, Feb. 1 /CNW/ - Mineral Hill Industries Ltd. (the "Company" or "MHI") wishes to announce the creation of a new management structure designed to expand upon its core strengths. Effective February 1, the following new management team will lead the Company:
1. Mr. Hugh Maddin has been appointed as an independent Chairman. Since
joining the Board of Directors in January 2005, Mr. Maddin has been
on the Audit Committee and the Corporate Governance and Human
Resources Committee and has chaired the committees at various periods
of his tenure. A lawyer by profession, Mr. Maddin is the founder and
president of Quadra Aggregates Inc., Chairman of TA Mineral Resources
Ltd., Director of Chelsea Minerals Corp., and a Director of Nass
Valley Gateway Ltd.
2. Mr. John Punzo, a director of the Company since August 2009, has been
appointed President. He will be responsible for all equity finance,
investor and public relations and will assist the CEO in overseeing
the exploration projects, acquisitions of mineral properties and
funding of MHI's exploration programs. Mr. Punzo has over twenty five
years of corporate leadership experience in the energy and finance
sectors. He is a successful entrepreneur and businessman and has
played a key role in raising significant capital for ventures in
these sectors including publicly trading small cap companies. His
experience includes owning and operating companies as well as
providing merger and acquisition and turn-around advisory services to
3. Mr. Dieter Peter who has been leading the Company since March 2005 as
the Chairman, President and CEO, will relinquish the position of
Chairman and President but will continue as the CEO of the Company.
He will lead the Company in the Company's operations and
acquisitions. Mr. Peter was the founder, Chairman & CEO of several
mining exploration companies between 1982 and 1986. He was also
Chairman & CEO of Canada's first airlaid manufacturing plant in
Delta, British Columbia between 1987 and 1992. Through his leadership
as Chairman, President & CEO of another airlaid manufacturing plant
between 1992 and 2003, the most modern and efficient airlaid
facilities in Quebec and Germany were developed and financed, and
more than 650 jobs were created. Mr. Peter is also engaged as
Chairman and CEO of Nass Valley Gateway Ltd since its inception in
This is a pivotal year for MHI, and this new structure will enable the Company to provide a more cohesive focus for operating its businesses in a proactive and strategic manner. The Company is entering into a new phase with its newly acquired lithium properties in Quebec, exploring precious metal projects and developing enterprises into sustainable and environmentally responsible businesses as well as continuing the development of its unique partnership with First Nations.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Mineral Hill Industries Ltd.
For further information: For further information: Dieter Peter, Chief Executive Officer, Telephone: (604) 685-4170; John Punzo, President, Telephone: (604) 685-4170