Mineral Hill Industries Ltd. - Management Changes
Trading Symbols: ---------------- TSX Venture Exchange: MHI Frankfurt Stock Exchange: N8Z/WKN: AODLHP Pink Sheets: MHIFF
1. Mr. Hugh Maddin has been appointed as an independent Chairman. Since joining the Board of Directors in January 2005, Mr. Maddin has been on the Audit Committee and the Corporate Governance and Human Resources Committee and has chaired the committees at various periods of his tenure. A lawyer by profession, Mr. Maddin is the founder and president of Quadra Aggregates Inc., Chairman of TA Mineral Resources Ltd., Director of Chelsea Minerals Corp., and a Director of Nass Valley Gateway Ltd. 2. Mr. John Punzo, a director of the Company since August 2009, has been appointed President. He will be responsible for all equity finance, investor and public relations and will assist the CEO in overseeing the exploration projects, acquisitions of mineral properties and funding of MHI's exploration programs. Mr. Punzo has over twenty five years of corporate leadership experience in the energy and finance sectors. He is a successful entrepreneur and businessman and has played a key role in raising significant capital for ventures in these sectors including publicly trading small cap companies. His experience includes owning and operating companies as well as providing merger and acquisition and turn-around advisory services to start-up businesses. 3. Mr. Dieter Peter who has been leading the Company since March 2005 as the Chairman, President and CEO, will relinquish the position of Chairman and President but will continue as the CEO of the Company. He will lead the Company in the Company's operations and acquisitions. Mr. Peter was the founder, Chairman & CEO of several mining exploration companies between 1982 and 1986. He was also Chairman & CEO of Canada's first airlaid manufacturing plant in Delta, British Columbia between 1987 and 1992. Through his leadership as Chairman, President & CEO of another airlaid manufacturing plant between 1992 and 2003, the most modern and efficient airlaid facilities in Quebec and Germany were developed and financed, and more than 650 jobs were created. Mr. Peter is also engaged as Chairman and CEO of Nass Valley Gateway Ltd since its inception in 2005.
This is a pivotal year for MHI, and this new structure will enable the Company to provide a more cohesive focus for operating its businesses in a proactive and strategic manner. The Company is entering into a new phase with its newly acquired lithium properties in
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For further information: Dieter Peter, Chief Executive Officer, Telephone: (604) 685-4170; John Punzo, President, Telephone: (604) 685-4170
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