Vancouver, B.C.,
Yellowcake Mining Inc. (OTC BB: YCKM) ("Yellowcake" or the
"Company") is pleased to announce that it has appointed Mr. Siegfried
Muessig, and James Malone to the Board of Directors.
Muessig, PhD has over 50 years
of mining experience, including Vice President of Getty Mining Company. Mr.
Muessig played a leading role in the discovery of the Jabiluka uranium deposit,
and discovery, development, and mining of uranium at Petrotomics Mining Company
in Wyoming. Under his direction, Getty
Mining commenced coal mining, developed the Mercur gold mine, and had 50
percent participation in the discovery of Escondida deposit in Chile, now the
world�s largest copper mine.
Mr. Muessig has been a senior
advisor to major mining companies. While he was president, Crystal Exploration
operated a diamond exploration program in the U.S. in joint venture with Dow
Chemical and Ashton Mining Co.
Mr. Muessig is a past president
of the Society of Economic Geologists; a Distinguished Member of the Society of
Mining, Metallurgy, and Exploration; a Fellow of the Geological Society of
America; and served on the committee on Geology of the National Academy of
Science. He is a Founding Member of the Division of Energy Minerals of the
American Association of Petroleum Geologists, and served on the Uranium
Advisory Committee of the American Mining Congress.
Mr. Malone has more than 39 years
of experience in the nuclear power industry, focused on the technical, economic
and planning aspects of nuclear fuels. Mr. Malone is the Vice President of
Nuclear Fuels for Exelon Generation since 1999. Nuclear Fuels provides the
strategic direction and tactical guidance for Exelon�s nuclear fuel cycle
activities, including procurement, special nuclear material accounting and
safeguards, economics, and fuel cycle cost. Nuclear Fuels also provides reload
bundle and core design, safety analysis and plant technical support including fuel
reliability, component procurement strategy, high- level waste and spent fuel
management. Mr. Malone also guides the interactions of the Nuclear Fuels staff
in the regulatory, political and public acceptance areas.
Prior to joining Exelon, Mr.
Malone was a Vice-President and Senior Consultant at NAC International where he
participated in fuel cycle consulting including the front and back-ends of the
fuels cycle, and fuel reliability via NAC�s Stoller Nuclear Fuel Division.
Mr. Malone is a member of the American
Nuclear Society and a Past Chairman of the Fuel Cycle Waste Management Division
and obtained a B.S. in chemical engineering (nuclear) from Manhattan College.
William Tafuri, CEO stated, �the
addition of Sig and Jim to our board, reflects our strategy of becoming a
Uranium producer in the medium term. We
believe both of these gentlemen will be instrumental in developing our assets
and infrastructure for production.� Tafuri
added,� We have promoted Richard Klatt to the position of Vice President Exploration,
further demonstrating our intent to increase our asset base and continue toward
production.� Richard Klatt is a serving member of the board of directors. A
summary of his achievements is posted on the Yellowcake website. www.yellowcakemining.com
For more information contact William Tafuri, CEO at Yellowcake Mining
Inc., 1.877.338.4438
Forward-Looking Statements
Statements in this news release that are not historical are
forward-looking statements. Forward-looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects," "plans," "anticipates,"
"believes," "intends," "estimates,"
"projects," "aims," "potential,"
"goal," "objective," "prospective," and similar
expressions, or that events or conditions "will," "would,"
"may," "can," "could" or "should"
occur. Information inferred from the interpretation of drilling results and
information concerning mineral resource estimates may also be deemed to be
forward-looking statements, as it constitutes a prediction of what might be
found to be present when and if a project is actually developed.
Forward-looking
statements in this news release include: that the addition of Mr. Siegfried Muessig,
and James Malone to the Company�s board reflects its strategy of becoming a Uranium producer in the medium term
and that both will be instrumental in developing the Company�s assets and
infrastructure for production. It is important to note that the Company's
actual outcomes may differ materially from those statements contained in this
press release. Factors which may delay or prevent these forward-looking
statements from being realized include misinterpretation of data; that we may
not be able to raise sufficient funds to complete the payment obligations; that
weather, new equipment may not perform as anticipated; logistical problems or
hazards prevent us from exploration, development or from fulfilling our joint
venture obligations once formed; the likelihood that no resource is available
for exploitation on these properties; that we may not be able to attract or
retain key employees or advisors in the current competitive environment; that
results that we have found in any particular holes are not necessarily
indicative of larger areas of our property; we may not be able to reach
agreement with Strathmore on aspects of our agreements; and that despite
encouraging data there may be no commercially exploitable mineralization on the
properties based upon the applicable world uranium prices and the quality or
grade of the resource. Readers should refer to the risk disclosures outlined in
our periodic reports filed on Edgar with the Securities and Exchange Commission.
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