VANCOUVER, March 1 /CNW/ - RT Minerals Corp. ("RTM" / the "Company") (CNSX; RTM) is pleased to announce the appointment of Messrs. Mario Stifano and Eric Kallio to the board of Directors of the Company as the two nominees of Lake Shore Gold Corp contemplated by the Company's recently announced Strategic Alliance Agreement entered into between RTM and Lake Shore Gold.
Mr. Mario Stifano is a chartered accountant with more than 15 years of corporate finance experience, including extensive work in the mining sector. Mr Stifano is the Vice President and Chief Financial Officer of Lake Shore Gold Corp. (TSX - LSG) a rapidly growing mining company with large land positions on the west and east sides of the Timmins Gold Camp. He was formerly Vice-President and Chief Financial Officer of Ivernia Inc., an international base metals company based in Toronto, where he completed numerous debt and equity financings, and managed the implementation of the financial controls, processes and corporate financing strategies required to bring the Magellan lead mine in Western Australia from the development stage into commercial production. Mr. Stifano's experience has also previously included holding a number of senior finance roles at Noranda Inc., as well as serving as Vice-President of Finance for Investment Administration Sciences, Inc. of Toronto, and Director of Corporate Development for Newcourt Group.
Mr. Eric Kallio is a geologist with close to thirty years experience working on exploration as well as underground and open pit mine planning, scoping and feasibility studies in Canada and abroad. Mr. Kallio is presently Vice President - Exploration of Lake Shore Gold Corp. and previously has provided geological consulting services to Detour Gold Corp., Centerra Gold Corp., Verena Minerals, Baffinland Iron Mines, Ursa Major Minerals and Goldeye Exploration Limited. Past corporate assignments have included serving as Vice-President, Exploration with Patricia Mining Corporation; Exploration Manager, Canadian Shield for Kinross Gold Corporation; and Chief Geologist at Placer Dome Canada Limited's Dome Mine in Timmins, Ontario. Mr. Kallio was also a former Director of Holmer Gold Mines Limited prior to its merger with Lake Shore Gold in 2004.
The Company also announces the allocation of 2,300,000 director and employee stock options at $0.25 per share exercisable at any time over a 24 month period.
In addition, the Company announces the resignation of Mr. Jonathan Samuda as a Director of the Company. Mr. Samuda will remain an officer of the Company holding the position of Corporate Secretary.
Finally, drilling is continuing on RTM's Golden Property which adjoins the south western border of Lake Shore Gold's Land holdings, in the west Timmins area, Ontario. A total of 11 holes have been drilled to date and complete assaying for all 11 holes is pending.
SOURCE RT MINERALS CORP.
For further information: For further information: Donald (Dan) M. Clark, President; Telephone (604) 681-3170