SUDBURY, ON, March 14 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V)
(the "Company") today announces that Mr. Garett Macdonald has been appointed
Vice President of Operations effective April 2, 2007.
Mr. Macdonald brings over fifteen years of experience in the mining
industry having worked in both open pit and underground environments,
including the Campbell Mine in Red Lake and Dome Mine in Timmins respectively.
Mr. Macdonald has also spent a number of years working in the oil sands
projects in Fort McMurray, Alberta where he led continuous improvement teams
in the mining group for Suncor Energy Inc., a leader in the oil sands
industry. Among his responsibilities were to oversee large scale construction
projects and supervise mine operations. Most recently he oversaw the bankable
feasibility studies for Fortune Minerals Limited including the $275 million
Mount Klappan anthracite coal project in northwest British Columbia, and the
$215 million NICO gold-cobalt-bismuth project in the Northwest Territories.
Mr. Macdonald obtained his Bachelor of Engineering degree from Laurentian
University and subsequently earned his Master's in Business Administration
(MBA) from the Richard Ivey School of Business at the University of Western
Ontario. Mr. Macdonald's main responsibility at Canadian Arrow will be to
assess the viability of bringing the Company's Kenbridge Nickel Deposit
towards a production decision over the next several months and determine the
steps necessary for any required permitting.
David Larche, President, stated: "I would like to welcome Garett to the
management group at Canadian Arrow. His vast experience in the mining industry
will be invaluable to us as we look forward to exploring and developing our
nickel properties, particularly the Kenbridge Nickel Mine project. This will
be an exciting year for Canadian Arrow and we are very pleased that our
projects and potential has attracted someone of Garett's caliber and
experience to our team."
The Company also announces that, subject to regulatory approval,
incentive stock options have been granted to certain directors and officers
entitling them to purchase up to 400,000 shares of the Company at a price of
$0.57 per share, exercisable until March 13, 2012.
About Canadian Arrow Mines, Ltd.
Canadian Arrow Mines, Ltd. is an established Canadian exploration and
development Company committed to developing and advancing base metal deposits
close to existing infrastructure through exploration, development and
acquisition. Shares of Canadian Arrow Mines are listed for trading on the TSX
Venture Exchange under the symbol "CRO".
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For further information: visit the website at www.canadianarrowmines.ca,
or call toll free, 1-877-262-6354, or contact: Canadian Arrow Mines, Ltd.,
Dean MacEachern, Vice President Exploration, Tel: (705) 673-8259, E-mail:
email@example.com; CHF Investor Relations, Barry Leung, Tel: (416)
868-1079 ext. 222, E-mail: firstname.lastname@example.org; or Cathy Hume, CEO, Tel: (416)
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