|
|
Hathor Exploration Limited (TSX VENTURE:HAT
- News) is pleased to
announce five changes to senior management and the Board of Directors,
effective immediately. Dr. Michael Gunning is appointed as President and CEO.
Mr. Jim Malone is appointed as Chairman of the Board. Mr. Jay Fredericks is
appointed as the new Vice President, Project Development. Dr. Alistair
McCready is appointed Vice President Exploration. Mr. Ben Ainsworth is
appointed as a Special Advisor to the Board, Special Projects and New
Business Opportunities.
These additions and changes to Hathor's
senior management team reinforce the Company's transition through 2010 from a
pure junior explorer to a uranium exploration and development company. Dr.
Gunning as President and CEO, will continue his
focus on sustained project development and company growth. Through his 25 years
of diverse and valuable experience in mineral exploration, geological
research, and more specifically, the uranium sector, Dr. Gunning will
continue to guide an expanding exploration and development team equipped to
tackle all aspects of project development at Roughrider and exploration
success at Russell and other properties. An integrated plan is developed for
2011 to pursue key milestones in corporate development, mineral resource
estimation and economic scoping.
Mr. Stephen Stanley has elected to resign
as President and CEO and Director of Hathor. The Board of Directors thanks
Mr. Stanley for his considerable contributions in building Hathor from the
ground up during the past five years. We wish him well in his future
endeavours.
Mr. Jim Malone, Director, is widely
recognized as a nuclear industry expert, with more than 40 years of
experience in the down-stream business, most recently as Vice President,
Nuclear Fuels, Exelon Generation Company, LLC, the
largest generator of nuclear power in North America. As the newly appointed
Chairman at Hathor, Mr. Malone will take an active role with respect to
corporate development. His knowledge of the global uranium supply-demand
balance, and sales contract platforms provided for open communication between
Hathor and various North American nuclear industry companies with respect to
the Roughrider project. That process will continue in 2011, and expand to
Asia. Mr. John Currie, outgoing Chairman, will remain on the Board of
Directors. His track record in corporate finance at Intrawest and Lululemon
will serve Hathor well.
Mr. Jay Fredericks is appointed Vice
President, Project Development. Mr. Fredericks will oversee economic scoping
and other aspects of overall project development at Roughrider. Mr.
Fredericks now represents Hathor as a new participant on the Saskatchewan
government-industry uranium royalty review committee. Mr. Fredericks brings
to Hathor more than 17 years of experience with the Saskatchewan government
in uranium and a broad range of expertise in the uranium sector in the fields
of mineral policy, mineral development and market development in the
Asia-Pacific region. Mr. Fredericks provides senior management with the depth
and experience necessary to successfully optimize full economic scoping of
the Roughrider project.
Dr. Alistair McCready is promoted to
Vice President, Exploration. Dr. McCready has served the Company as Senior
Project Geologist and Exploration Manager, has overseen the Roughrider
project since its inception, and has successfully developed a fully
functioning field exploration office for Hathor in Saskatoon, including a
full-time exploration staff with extensive and specific experience in uranium
exploration in the Athabasca Basin. He has over 13 years of global
exploration and research experience in uranium, base metals and gold. As Vice
President, Dr. McCready will continue to oversee the advancement of the
Company's core assets and ensure the Company is open to opportunities in the
Athabasca Basin.
Mr. Ben Ainsworth, Director, is
appointed as Advisor to the Board, Special Projects and New Global
Opportunities. He is a senior geological and mining consultant with over 35
years of industry experience. He held numerous positions with Placer
Development, including Senior Geologist, Chief Geochemist, Exploration
Manager- Eastern Canada, Exploration Manager- Chile, and President- Placer
Chile, South America. His breadth of experience across the exploration and
mining sector, and around the world, is an asset to the Board as it considers
new business opportunities in the resource sector.
On Behalf of the Board of Directors
Hathor Exploration Limited
Neither the 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.
|
|