VANCOUVER, March 20, 2014 /CNW/ - Mediterranean Resources Ltd. (TSX: MNR) (Frankfurt: MHM1) ("MNR" or the "Company") wishes to advise that it has appointed Victoria Kuklina as the Company's new Chief Financial Officer.
Mrs. Kuklina holds Honours Bachelor of Commerce degree from Laurentian University and is a Certified General Accountant. Mrs. Kuklina is serving two other mining and exploration companies as a CFO and is an expert IFRS consultant for a number of publically and privately held corporations.
About Mediterranean Resources
The company is developing two mine projects located at its 100%-owned Red Mountain (Kızıldağ) Project in Northeastern Turkey. The projects consist of the Tac (gold/copper) deposit and the Corak (gold/zinc/lead) deposit.
Tac and Corak were the subject of an NI 43-101 resource statement prepared by SRK in 2009 and a Preliminary Assessment (also by SRK) prepared in September 2011. The company plans on advancing these deposits into production through open-pit mining.
Signed on behalf of the Board of Directors.
Forward-Looking Statements: This Mediterranean Resources Ltd. news release may contain certain "forward-looking" statements and information relating to Mediterranean which are based on the beliefs of Mediterranean management, as well as assumptions made by and information currently available to Mediterranean management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.
SOURCE: Mediterranean Resources Ltd.
For further information: Christopher Ecclestone, President and CEO, 604-669-3397, www.medresources.ca