Shares Outstanding: 154,578,457
Fully Diluted: 161,033,457
TORONTO, June 3 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company")
(TSX Venture: NOT) is pleased to announce the appointment of Mr. Wesley (Wes)
C. Hanson, P.Geo, as President, Chief Executive Officer and Director of the
Company, effective June 22, 2009. At that time, both Mr. Hamilton and Mr.
Parisotto who have been jointly acting as Interim co-Chief Executive Officers
since October, 2008 will step down and remain as Directors of the Company.
Mr. Hanson was formerly Vice President Mine Development for Western
Goldfields, before the recent announcement of its business combination with
New Gold Inc. and he previously held the position of Vice President, Technical
Services for Kinross Gold Corporation. Mr. Hansen has held several senior
positions in the mining industry throughout his 25 year career, where he has
been directly involved in the engineering construction and commissioning of
numerous mining projects in Canada, the US, Brazil, Chile and Russia. Mr.
Hanson has a Bachelor of Science, Geology from Mount Allison University in
Sackville, New Brunswick, Canada.
Joseph Hamilton and Paul Parisotto, Interim Co-Chief Executive Officers
stated, "We would like to welcome Wes to the Noront team and we are very
confident in his leadership and proven track record as a team builder to guide
Noront into the next phase of the Company's expansion. Wes brings invaluable
knowledge and experience in the development of mines from feasibility to
commissioning and has a wealth of experience in working with local communities
and governments in remote locations. This expertise will be a key contribution
to the success of Noront's future development. We also look forward to Wes'
input as a new Director to the Noront Board of Directors, rounding out our
existing complement of Board Members to seven."
About Noront Resources
Noront Resources is focused on its significant and multiple, high-grade
nickel-copper-platinum-palladium, chromite and vanadium discoveries in an area
known as the "Ring of Fire", an emerging multi-metals district located in the
James Bay Lowlands of Ontario, Canada. Noront is the dominant land holder at
the Ring of Fire and continues to delineate and prove up its discoveries with
NI 43-101 technical and economic reports and an aggressive drill plan for
ON BEHALF OF THE BOARD OF DIRECTORS:
"Paul A. Parisotto and Joe Hamilton"
Interim Co-Chief Executive Officers
FORWARD LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of
applicable Canadian securities legislation, including predictions, projections
and forecasts. Forward-looking statements include, but are not limited to,
statements that address activities, events or developments that the Company
expects or anticipates will or may occur in the future, including such things
as future business strategy, competitive strengths, goals, expansion, growth
of the Company's businesses, operations, plans and with respect to exploration
results, the timing and success of exploration activities generally,
permitting time lines, government regulation of exploration and mining
operations, environmental risks, title disputes or claims, limitations on
insurance coverage, timing and possible outcome of any pending litigation and
timing and results of future resource estimates or future economic studies.
Often, but not always, forward-looking statements can be identified by
the use of words such as "plans", "planning", "planned", "expects" or "looking
forward", "does not expect", "continues", "scheduled", "estimates",
"forecasts", "intends", "potential", "anticipates", "does not anticipate", or
"belief", or describes a "goal", or variation of such words and phrases or
state that certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: please contact the Investor Relations
Department at (416) 238-7226, email@example.com or visit
Noront's website at: http://www.norontresources.com