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VANCOUVER, April 26, 2012 /CNW/ - Northern Iron Corp. ("Northern" or the "Company") (TSX-V: NFE) is pleased to announce the nomination of Gordon McCreary, formerly President and CEO of Baffinland Iron Mines, one of the founders of Kinross Gold Corp and current Chairman of Asia Now Resources to serve on Northern's Board of Directors.
Basil Botha, President and Chief Executive Officer of Northern Iron commented, "The talent and wealth of experience that Gordon brings to the company cannot be measured. The fact that Gordon raised almost half a billion dollars for one of Canada's great iron ore projects speaks volumes of his capabilities. Gordon has the technical expertise and will add a great deal of value to the company. In addition, he has built up numerous contacts worldwide on the steel production side and is also well respected in the investment community in Canada and abroad. "
"I am delighted to have been asked to join the Northern Iron Board of Directors" stated Gordon McCreary. "Over the past few months I have been approached by numerous iron ore companies but chose Northern Iron because of the uniqueness of the project. By utilizing existing infrastructure surrounding a past producing mine and having the ability to produce a value added metallic product, Northern Iron has a rare opportunity to compete in the scrap metal market in North America, Europe and Asia." Mr. McCreary concluded by saying "I believe my strong relationships with potential strategic partners and end users, along with my operating experience will help Northern Iron continue to advance its project to production in a timely manner."
Over the last forty years, Mr. McCreary's entire career as a mining engineer has been focused on the identification and advancement of mineral properties from exploration through development to production. He currently serves as Chairman and a member of an audit committee of Asia Now Resources Corp. Mr. McCreary offers a wealth of precious metal experience as well as deep relationships with the financial community to finance the advancement of mineral projects.
Mr. Brian Thurston stepped down from the board of directors of the Company effective April 24, 2012. The Company would like to thank Mr. Thurston for his dedication to Northern and is pleased to announce that Mr. Thurston agreed to continue his engagement with the Company as a consultant to the Board.
About Northern Iron Corp.
The Company is a mineral resource company engaged in the exploration of high quality iron ore in the Red Lake mining division, district of Kenora, Ontario, Canada. The Company holds 100% interest in minerals claims covering approximately 14,672 hectares, comprised of the El Sol Property, the Griffith Property, the Karas Property, the Papaonga Property and the Whitemud-Slate Property.
The foregoing information may contain forward-looking statements relating to the future performance of the Company. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved of disapproved the information contained herein.
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President & CEO
Northern Iron Corp.