Nevsun Hires Two New Executives To Support Growth
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/19/12 -- Nevsun
Resources Ltd. (TSX:NSU)(NYSE MKT:NSU) ("Nevsun") is pleased to
announce it is adding two new executives to its senior management
team, Joseph Giuffre, as Chief Legal Officer, and Todd Romaine, as
VP, Corporate Social Responsibility.
Nevsun CEO Cliff Davis commented: "The Company has in recent months
been building its internal capacity to support management in its
operations and growth for the future. Joe and Todd are both integral
components to that strategy."
Mr. Giuffre is a seasoned lawyer with deep experience in both the
mining industry as well as public markets. As part of the "C" suite
he will be responsible for all of the legal affairs of the Company,
as well as a key participant in managing the corporate strategy going
forward. Joe's extensive experience in the legal affairs of several
public companies in the industry will be a significant addition to
our internal capacity for expansion.
Mr. Giuffre, B.A., LLB., was a founding partner of Axium Law
Corporation, a Vancouver based law firm and was previously a partner
of Gowlings, a full service national law firm. He has over
twenty-five years of combined business and legal experience and has
acted for a wide range of Canadian and foreign public corporations,
principally in the mining sector. Mr. Giuffre has advised on
securities and stock exchange and regulatory matters, public
offerings, joint venture transactions, debt and equity financing,
mergers and corporate reorganizations, purchase and sale
arrangements, corporate governance matters and various other complex
commercial matters. Joe is assisting us now and will be officially
joining Nevsun in January 2013.
Mr. Romaine brings with him over ten years of industry experience
overseeing CSR programs including policy and process development,
operational governance, environmental monitoring and public awareness
initiatives with stakeholders and the public. Working for the past
four years with Enbridge Inc., Mr. Romaine has also worked with
Inuvialuit Regional Corporation and the Government of Nunavut. He has
a BSc in Environmental planning; a BA in Environmental studies an MA
in Leadership as well as International Relations. Todd has
Nevsun in November 2012.
The area of social responsibility is a key concern throughout our
industry as we operate in other people's back yards. Respect and
understanding are key traits that Nevsun has observed in past and
will do so in the future, abiding by high international standards.
Todd will oversea our engagement and adherence to these standards, as
well as participate in strategy going forward. Todd has been dealing
with sensitive matters in past positions and will be overseeing our
strategy and implementation of the Company's CSR programs.
We welcome both Joe and Todd to the Nevsun team.
The above contains forward-looking statements regarding the future
responsibilities of Mr. Giuffre and Mr. Romaine and acquisition plans
for the Company. Forward-looking statements are frequently, but not
always, identified by words such as "expects", "anticipates",
"believes", "intends", "estimated", "potential", "possible" and
similar expressions, or statements that events, conditions or results
"will", "may", "could" or "should" occur or be achieved.
Forward-looking statements are statements about the future and are
inherently uncertain, and actual achievements of the Company or other
future events or conditions may differ materially from those
reflected in the forward-looking statements due to a variety of
risks, uncertainties and other factors, including, without
limitation, those described in the Management Discussion and Analysis
of the Company. The Company's forward-looking statements are based on
the beliefs, expectations and opinions of management on the date the
statements are made and the Company assumes no obligation to update
such forward-looking statements in the future. For the reasons set
forth above, investors should not place undue reliance on
Please see the Company's Annual Information Form for the fiscal year
ended December 31, 2011 and the Company's Management Discussion and
Analysis for the quarter ended September 30, 2012 for a more complete
discussion of the risk factors associated with our business.
About Nevsun Resources Ltd.
Nevsun Resources Ltd. is a Vancouver-based mining company with an
operating mine in Eritrea. Nevsun's 60%-owned Bisha Mine commenced
gold production in February 2011 and is scheduled to transition to
copper/gold production in 2013. Management expects the Bisha Mine
will rank as one of the highest grade open pit base metal deposits in
NEVSUN RESOURCES LTD.
Cliff T. Davis, President & Chief Executive Officer
604 684 6730 or Toll free: 1 866 684 6730
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