SASKATOON, March 4, 2013 /CNW/ - Star Uranium Corp. (SUV - TSX Venture) (the "Corporation") is very pleased to announce today that Mr. Jim Engdahl has been appointed as director of the Corporation, effective immediately.
The Corporation also announces that Mr. Marc Staniloff has resigned as director of the Corporation effective March 4, 2013. Mr. Kyle Kozuska, Chief Executive Officer of the Corporation, would like to thank Mr. Staniloff for his past service to the Corporation.
In March of 2006, Mr. Engdahl became the President, CEO, and a Director of Great Western Mineral Group ("GWMG"). During Mr. Engdahl's seven years as CEO of GWMG, the company acquired key assets which positioned GWMG to become one of the first fully integrated Rare Earth companies in the world and raised over $150 million for GWMG's growth. Jim resigned as President, CEO of GWMG in September 2012, and as a director in November 2012. Mr. Engdahl remains a special consultant to the CEO and board of directors of GWMG.
Mr. Engdahl sat on the board of Enterprise Saskatchewan mining group committee. Enterprise Saskatchewan is an economic advisory group to the government of Saskatchewan. Appointed in 2008, Jim resigned in 2010 after the special committee had finished its mandate.
Mr. Engdahl was appointed to the Board of Saskatchewan Trade & Export Partnership ("STEP") in 2008 and held position of the Chair of their Audit Committee. STEP is a government/industry sponsored Non-Profit Organization developed to aid and assist all exporters within Saskatchewan. Jim resigned from the board in 2010 due to time commitments with GWMG.
Prior to GWMG Jim was the managing partner of Cascadia Development Corp., a corporate finance, M&A, and consulting group that was acquired by a major Western Canadian Accounting firm where Jim became the managing senior partner for their corporate finance group for Saskatchewan, then later became the managing partner for Alberta. During this time he was involved in many transactions totaling in the hundreds of millions. Mr. Engdahl worked in the Canadian banking system with Bank of Montreal and as Vice President of Barclays Bank of Canada. Mr. Engdahl also previously held positions as director of Claude Resources and President, CEO, and Director of Shore Gold and presently sits on the board of Formation Metals Inc. of Vancouver.
Kyle Kozuska, President of Star Uranium said, "We are very pleased to add Mr. Engdahl to the board of directors of Star Uranium. His extensive business and finance experience along with his extensive global network will be a valuable addition to Star Uranium Corp.
Star Uranium is a Canadian based entity focused on the strategic acquisition and development of resource properties on a worldwide basis.
For more information, please visit our website at www.staruranium.com.
ON BEHALF OF THE BOARD
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Star Uranium Corp.
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