New Cantech Ventures Inc. Announces Management Enhancement
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 08/29/07 -- New
Cantech Ventures Inc. ("New Cantech" or the "Company") (TSX VENTURE:
NCV)(FRANKFURT: C7X), is very pleased to announce that as part of its
efforts to enhance its management team in order to address the needs
resulting from the proposed development of its Lucky Ship Molybdenum
Project in west central British Columbia, the Company has appointed
two new directors to the Board of Directors.
First, Mr. Howard Bird has joined the Board of Directors. Mr. Bird is
a senior executive and internationally experienced geologist with
diverse experience in the public mineral resource sector. Mr. Bird
has experience in a range of commodities, including gold, base
metals, platinum and diamonds. He has directed programs in Canada,
United States, Africa, South America and Australia for various
companies including Noranda Mining and Exploration Inc., Corona
Corporation and SouthernEra Diamonds Inc. Mr. Bird is currently
responsible for the senior executive management and development of
SouthernEra's global mineral projects and providing support for
corporate and global operations. Mr. Bird holds a B.Sc. (Hons.)
degree from McMaster University, Hamilton, Ontario, Canada and has
over 18 years of experience in the mineral sector.
Second, Mr. Mark Ferguson of Calgary, Alberta has also agreed to join
the Board of Directors of New Cantech. Mr. Ferguson has previous
public company experience, including a stint as an Audit Committee
member, and is a member of the Institute of Corporate Directors. Mr.
Ferguson spent the bulk of his career in the trust company industry
where, for a recent 12 year period he was with COMPUTERSHARE
(formerly Montreal Trust Company) where his final position was Vice
President - Western Region (reporting directly to the President &
CEO). New Cantech sees Mr. Ferguson as being an additional
independent director and a possible new member of its audit
Next, New Cantech has also decided to establish an Advisory Council.
The mandate of the Advisory Council is to assist the New Cantech
Board of Directors and management team in assessing new opportunities
and to provide perspective on existing Company projects.
Mr. Dalton DuPasquier has agreed to join the Advisory Council and
resign from the Board of Directors and as an officer of New Cantech.
This will create the necessary vacancy on the Board of Directors
which will allow the appointment of Howard Bird and Mark Ferguson to
the Board of Directors.
Joining Mr. DuPasquier on the Advisory Council are the following:
(a) Dr. Donald G. MacIntyre, P.Eng., who is a qualified person under
National Instrument 43-101 has been responsible for the supervision
of the exploration programs at the Lucky Ship Property and will be
the Chairman of the Advisory Council. Dr. MacIntyre is a registered
Professional Engineer in the Province of British Columbia and has
Ph.D. and M.Sc degrees in economic geology from the University of
Western Ontario. Don has extensive knowledge of British Columbia
geology and mineral deposits gained through a wide range of mapping
and resource evaluation projects that were completed during a 25 year
career with the Geological Survey Branch of the BC Ministry of
Energy, Mines and Petroleum Resources. Prior to joining the BC
Geological Survey Don spent 5 years as an exploration geologist for
Asarco Exploration working on a number of exploration projects in
British Columbia and the Yukon. In 2003, Don started his own
consulting company and is currently providing geological and digital
data compilation services to New Cantech on the Lucky Ship, Sweeney
Lake and Tidewater projects, each of which is located in Central or
west Central British Columbia;
(b) Mr. Bruce Graff, P. Eng., is a qualified person under National
Instrument 43-101 and is currently the Lucky Ship Project Manager who
has been supervising the 2007 project developmental studies. Mr.
Graff obtained his degree from the Colorado School of Mines in 1982
and has worked in both the private and public sectors since
graduation. Bruce currently is a consulting mining engineer who has
been working on a number of potential mines, including the both the
Galore Creek and Schaft Creek projects, located in northwestern
British Columbia; and
(c) Mr. Denis Battrum is founder, and president of marketfriendly,
inc., a company offering metals and scrap metal market research,
metal market news services, and metals and scrap metals inventory
validation and valuation. Mr. Battrum has over thirty years of
experience in the mining, steel manufacturing and recycling
industries. He graduated with an Honours Bachelor of Science in
Geology from Lakehead University, a Master of Science in Mineral
Exploration from Queen's University, an MBA from the University of
Missouri and completed post-graduate studies in eBusiness at the
University of Westminster. He is a director of Sprott Molybdenum
As a further result of the management changes, Mr. James Jacuta, the
Present Chairman of the Board of Directors of New Cantech, has been
appointed Interim President and Chief Executive Officer. On behalf of
the Board of Directors, James Jacuta extends his thanks to Dalton
Mr. Jacuta said, "I am delighted that both Howard Bird and Mark
Ferguson have agreed to join the New Cantech board and that he
expects that their years of experience and enthusiasm will assist
greatly with New Cantech's current phase of growth and its objective
to become a producing company". Mr. Jacuta added that, "Shareholders
can expect further changes in the next few months".
About New Cantech
New Cantech is a TSX Venture listed mineral exploration and
development company focusing on the development of its Lucky Ship
Molybdenum Property in west central British Columbia and the
advancement of its other mineral exploration properties, most of
which are located in British Columbia and all of which are located
ON BEHALF OF THE BOARD OF DIRECTORS
NEW CANTECH VENTURES INC.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of the
information contained herein.
New Cantech Ventures Inc.
President and CEO
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