Kivalliq
Appoints Jonathon Singh Interim CFO
5,
2011
Kivalliq Energy Corporation
(KIV: TSX-V) (the �Company� or �Kivalliq�)
today provided a corporate update with respect to management changes. Kivalliq's board of directors has named Mr. Jonathan Singh
as the Company's interim chief financial officer (�CFO�).
Mr.
Singh is a member of the Association of Certified General Accountants of BC and
Canada and has over 17 years of experience in the various areas of tax,
financial reporting, internal audit and treasury, for both publicly traded
resource companies and public practice accounting firms. Previously, Mr. Singh
held various financial roles in the mineral resource industry, including
serving as corporate controller for Magma Energy Corp. (a predecessor to Alterra Power Corp. AXY:TSX) and
Silver Standard Resources Inc. (SSO:TSX), as well as working in the tax group
for KPMG. Mr. Singh holds a Bachelor of Accounting Science degree from the
University of Calgary.
Effective
immediately, Mr. Singh will replace Mr. Chris Twells
as Kivalliq's CFO. The Company wishes Mr. Twells great success in his future endeavours.
About Kivalliq Energy Corporation
Kivalliq Energy Corporation is a uranium exploration
and development company, and the first company in
Canada to sign a comprehensive agreement with the Inuit of Nunavut to explore
for uranium on Inuit Owned Lands in Nunavut.
With
an NI 43-101 compliant Inferred Mineral Resource of 810,000 tonnes
grading 0.79% U3O8, totaling 14.15 million lbs U3O8
(17.5 lbs U3O8/tonne) at a
0.2% U3O8 cut-off grade, the Lac Cinquante Deposit is
Canada's highest grade uranium deposit outside of the Athabasca Basin. Kivalliq's flagship project, the 225,000 acre Angilak Property in Nunavut, hosts the high-grade Lac Cinquante deposit, along with nine additional high priority
target areas. Since acquiring the Angilak Property in
2008, the Company has invested approximately $25 million conducting systematic
exploration, including ground and airborne geophysics, geological mapping,
prospecting and approximately 48,000 meters of RC and diamond drilling.
On behalf of the Board of Directors
"Jim
Paterson"
James
Paterson, CEO
Kivalliq Energy Corporation