Reliance further strengthens board with experienced US-based Non-Executive Director

  • Dr. Michael G. Nelson joins Reliance Board as Non-Executive Director
  • Further strengthens Reliance's presence and expertise in North America
  • Follows recent appointment of North American-based mining executive George Young
  • Assessing growth opportunities in USA alongside exploration and tenement upgrades in Indonesia

VANCOUVER, Nov. 26, 2013 /CNW/ - Reliance Resources Limited (TSX: RI) ("Reliance") or ("the Company") is pleased to announce the appointment of a Dr. Michael G. Nelson to the Board of Directors as a non-executive director.

Dr. Nelson is Associate Professor and Chair of the Mining Engineering Department at the University of Utah, and is an experienced and accomplished mining industry professional. He received a B.S. degree in metallurgical engineering and an M.S. degree in applied physics from the University of Utah. He earned his Ph.D. in mineral engineering from West Virginia University.

He has previously worked for Kennecott Utah Copper, Western Zirconium, Consol Energy Inc., and EIMCO Process Equipment Co. In addition, he has consulted for FL Smidth Minerals, Rio Tinto Kennecott, CODELCO El Teniente, BHP Billiton, Consol Energy, and for 19 junior mining companies and equipment suppliers, including a number of gold, copper and iron mining companies.

Reliance Non-Executive Chairman, Mr Gary Lewis, commented: "We are pleased to have secured the expertise of well-regarded mining professional Dr. Nelson and to further strengthen our leadership team in North America.

"The appointment of Dr. Nelson, along with the very recent appointment of George Young as Non-Executive Director last month, provides Reliance with significant expertise to pursue growth opportunities in North America.

"The Company remains committed to development of the Tanoyan Gold Project in Indonesia, and is progressing with due diligence on a number of North American assets which look attractive to the Board. We are working hard to realise returns for our shareholders and having an experienced Board in place is instrumental in this process."

Dr. Nelson has co-authored and contributed to 16 books, including three chapters in the third edition of the SME Mining Engineering Handbook. He has published 37 peer-reviewed papers and 24 invited papers.

He is a member of Society for Mining, Metallurgy, and Exploration (U.S.), the Canadian Institute of Mining, Metallurgy and Petroleum, the Utah Mining Association, the Northwest Mining Association, and the Rocky Mountain Coal Mining Institute.

Reliance looks forward to updating shareholders on its progress in the coming weeks.

SOURCE: Reliance Resources Ltd.

For further information:

Nicholas Clark
Ph: +1 864 991 6687

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Reliance Resources Ltd.

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