Fortune Minerals announces appointment of Mike Romaniuk as Vice President Operations

Fortune Minerals announces appointment of Mike Romaniuk as Vice President 
Significant construction and operations expertise to strengthen project 
execution and delivery 
Issued Capital: 120,276,976 
LONDON, ON, Nov. 29, 2012 /CNW/ - Fortune Minerals Limited (TSX-FT) 
(OTCQX-FTMDF) ("Fortune" or the "Company") ( is 
pleased to announce that Mike Romaniuk has joined the Company as Vice 
President Operations effective November 19, 2012. Mike Romaniuk brings 
extensive global engineering, mining and mineral processing operations and 
construction experience gained from more than 25 years in the sector primarily 
with Xstrata Nickel and Falconbridge. Mike is based in Fortune's head office 
in London, Ontario and will oversee development of the Company's NICO 
gold-cobalt-bismuth-copper project in the Northwest Territories ("NT") and 
Saskatchewan, and the Arctos anthracite metallurgical coal project ("Arctos") 
in British Columbia ("BC"). Both of these projects have already been 
assessed in positive definitive feasibility studies ("DFS"), have been test 
mined and pilot plant processed, and are now in permitting for their proposed 
Robin Goad, Fortune's President and CEO commented, "Mike's expertise managing 
complex global mining operations through the various stages of development and 
construction makes him a timely addition to our team as we advance toward our 
goal of becoming a reliable North American producer of metallurgical coal, 
gold and specialty metals." "I am excited to join Fortune and see great 
opportunity in the development of Fortune's significant Canadian assets," said 
Mike Romaniuk, Vice President Operations of Fortune. 
Mike Romaniuk, P.Eng., has degrees in Geological Engineering - Mineral 
Processing from the University of Toronto and Mine Geology from Laurentian 
University. His prolific career includes more than two decades of experience 
within Xstrata Nickel and Falconbridge and senior positions including Vice 
President in charge of Sudbury Operations and its integrated mining, milling 
and smelting facilities in Sudbury and the Montcalm mine in Timmins. Mike 
was also Vice President and Project Director of the multi-billion dollar 
Koniambo ferronickel project in New Caledonia, which included operating 
centres in Canada, China, France, New Caledonia, Australia, and Malaysia. As 
Director of Projects, Mike oversaw a portfolio of development projects that 
included the Nickel Rim mine in Sudbury, the Perseverance mine and mill in 
Quebec and Altonorte Smelter expansion in Chile. Prior to his senior roles 
with Falconbridge, Mike held various positions in mineral processing, design 
engineering, project management, utilities and as the Commissioning Manager 
for the Raglan Mine in the Nunavik far north region of Quebec. Most recently 
he was President and CEO of Rail-Veyor Technologies - a bulk material haulage 
solutions company. 
Fortune is also pleased to announce that, further to its press release dated 
October 15, 2012, the NI 43-101 compliant technical report for the updated DFS 
for the Arctos Anthracite Project in northwestern BC, will be filed today on 
SEDAR ( and will also be available through the Company's website 
( Arctos, formerly known as the Mount Klappan 
project, is a collaborative international development project by the Arctos 
Anthracite Joint Venture ("AAJV") between Fortune (80%) and POSCAN (20%), the 
Canadian subsidiary of Korea's POSCO, one of the world's largest steel 
About Fortune Minerals:
Fortune is a diversified resource company with several mineral deposits and a 
number of exploration projects, all located in Canada. The Company is 
focused on the development of the Arctos Anthracite Project in BC and the NICO 
gold-cobalt-bismuth-copper deposit in the NT. As part of the development of 
the NICO deposit, Fortune is developing a metals processing plant ("SMPP") in 
Saskatchewan to process NICO concentrates to high value metal products. The 
Company has acquired and dismantled equipment from the Golden Giant Mine at 
Hemlo, Ontario for relocation to NICO. In addition, the Company owns the 
Sue-Dianne copper-silver-gold deposit and other exploration projects in the 
NT. Fortune is focused on outstanding performance and growth of shareholder 
value through assembly and development of high quality mineral resource 
This press release contains forward-looking information. This forward-looking 
information includes statements with respect to, among other things, proposed 
production of metallurgical coal, gold and specialty metals, the proposed 
development of the Arctos and NICO projects and the proposed purchase and 
development of the site for the SMPP. Forward-looking information is based on 
the opinions and estimates of management at the date the information is given, 
and is subject to a variety of risks and uncertainties and other factors that 
could cause actual events or results to differ materially from those projected 
in the forward-looking information. These factors include the inherent risks 
involved in the exploration and development of mineral properties, the 
inherent volatility of metal prices, the risk that the Company may not be able 
to arrange the necessary financing to construct and operate the Arctos coal 
project, the NICO mine or the SMPP, uncertainties with respect to the receipt 
or timing of required permits for the development of the Arctos project, the 
NICO project or the SMPP, the possibility of delays in the commencement of 
production from the Arctos project, the NICO project or construction of the 
SMPP and other factors. Readers are cautioned to not place undue reliance on 
forward-looking information because it is possible that predictions, 
forecasts, projections and other forms of forward-looking information will not 
be achieved by the Company. The forward-looking information contained herein 
is made as of the date hereof and the Company assumes no responsibility to 
update or revise it to reflect new events or circumstances, except as required 
by law. 
Fortune Minerals Limited Robin Goad, President, or Troy Nazarewicz Investor 
Relations Manager Tel.: (519) 858-8188 Fax: (519) 
Renmark Financial Communications Barbara, or Nadia Montreal Tel: (514) 939-3989, Toronto Tel. 
(416) 644-2020 Montreal Fax: (514) 939-3717, Toronto Fax. (416) 644-2021 
Image with caption: "Fortune Minerals' Vice President Operations, Mike 
Romaniuk (CNW Group/Fortune Minerals Limited)". Image available at: 
SOURCE: Fortune Minerals Limited 
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CO: Fortune Minerals Limited
ST: Ontario
-0- Nov/29/2012 20:21 GMT
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