Shares Issued and Outstanding: 94,168,151
NYSE MKT: MDM
TORONTO AND NEW YORK, March 13, 2013 /CNW/ - Mountain Province Diamonds
Inc. ("Mountain Province", the "Company") (TSX: MPV, NYSE MKT: MDM) is
pleased to announce the appointment of Bruce Dresner to the Company's
board of directors.
Mr. Dresner has had a distinguished career as an investment
professional, including Director of Investments and Chief Investment
Officer at Dartmouth College (1985-1990), Vice President for
Investments and Chief Investment Officer at Columbia University
(1990-2002), Principal of Quellos Group LLC (2002-2007) and Managing
Director, BlackRock Inc. (2007-2008).
Since his retirement from BlackRock, Mr. Dresner has held a number of
board and advisory positions, including serving on the advisory board
of Capstone Investment Advisors (2008-2010), as a member of the
strategic advisory board of Wilshire Private Markets at Wilshire
Associates Inc. (2010-present), and a trustee of the Gottex Multi-Asset
Endowment and Alternative Asset Funds (2011-present).
Bruce Dresner is a graduate of Dartmouth College Tuck School of Business
(MBA, 1971) and the University of Miami (BA Economics, 1969). Mr.
Dresner is a resident of Connecticut, USA.
Jonathan Comerford, chairman of Mountain Province Diamonds, said: "We
are delighted to welcome Bruce as a director and look forward to the
contribution he will make as we transition to development and
production at the world's largest and richest new diamond mine in
partnership with De Beers".
Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué JV located
at Kennady Lake in Canada's Northwest Territories. The Gahcho Kué
Project consists of a cluster of four diamondiferous kimberlites, three
of which have a probable mineral reserve of 31.3 million tonnes grading
1.57 carats per tonne for total diamond content of 49 million carats.
Gahcho Kué is the world's largest and richest new diamond development
project. A December 2010 feasibility study filed by Mountain Province
(available on SEDAR) indicates that the Gahcho Kué project has an IRR
This news release has been prepared under the supervision of Carl G.
Verley, P.Geo., who serves as the qualified person under National
This news release may contain forward-looking statements, within the
meaning of the "safe-harbor" provision of the Private Securities
Litigation Reform Act of 1995, regarding the Company's business or
financial condition. Actual results could differ materially from those
described in this news release as a result of numerous factors, some of
which are outside the control of the Company.
SOURCE: Mountain Province Diamonds Inc.
For further information:
Mountain Province Diamonds Inc.
Patrick Evans, President and CEO
161 Bay Street, Suite 2315
Toronto, Ontario M5J 2S1
Phone: (416) 361-3562