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Re: News - Monday, October 15, 2007
Minco Silver Appoints Garnet Clark Chief Financial Officer
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Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV)
is pleased to announce the appointment of Mr. Garnet Clark as Chief
Financial Officer of the Company effective October 10th, 2007. Mr.
Clark, a Certified Management Accountant (CMA), is a senior executive
with two decades of national and international experience in the
resource sector. He was appointed to the Board of Governors for the
Northern Alberta Institute of Technology (NAIT) in October of 2004 and
has been the Chair of the Finance & Audit Committee since May of 2005.
He is currently the Vice President, Finance and Chief Financial Officer
for East Energy Corp. and served for two decades with Sherritt
International Corp., during which time he filled a number of senior
positions, including 11 years as the CFO of the company's metals,
oil/gas, and coal businesses. Mr. Clark is also former Vice-President,
Finance and Chief Financial Officer of Luscar, Canada's largest coal
company. At Luscar, from 2003 to 2006, Mr. Clark helped the company
achieve its status as one of the safest and most efficient coal miners
in the world, while at the same time generating an overall improvement
in cash flow.
Minco Silver Chairman & CEO Dr. Ken Cai commented: "We are delighted to
welcome Mr. Clark. Garnet brings not only strong accounting and
financing expertise, but also successful mine development and operating
experience. His broad spectrum of talents compliments our management
team and will help guide us through the Feasibility and construction
phases at Fuwan as Minco Silver continues its journey to becoming an
important silver producer."
Minco Silver would also like to announce that Matthew Kavanagh has
resigned as Chief Financial Officer. The Company would like to thank
him for his efforts and wishes him well in his future endeavors.
About Minco Silver
Minco Silver Corporation (TSX: MSV) is a TSX company focusing on the
acquisition and development of silver dominant projects in China. The
Company is the exclusive vehicle for pursuing silver opportunities in
China pursuant to a strategic alliance agreement between Minco Gold
Corporation (formerly "Minco Mining & Metals Corporation")
(TSX:MMM/AMEX:MGH/FSE:MI5) and Silver Standard Resources (TSX:SSO).
For more information on Minco and its properties, please visit the
website at www.mincosilver.ca or contact Ute Koessler at
1-888-288-8288 or (604) 688-8002 info@mincosilver.ca.
ON BEHALF OF THE BOARD
"Dr. Ken Z. Cai"
Chairman & CEO
The Toronto Stock Exchange does not accept responsibility for the
accuracy of this news release. Certain terms or statements made that
are not historical facts, such as anticipated advancement of mineral
properties or programs, productions, sales of assets, exploration plans
or results, costs, prices, performance are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995, and involve a number of risks and uncertainties that could cause
actual results to differ materially from those projected, anticipated,
expected or implied. These risks and uncertainties include, but are
not limited to; metals price volatility, volatility of metals
production, project development risks and ability to raise financing.
The Company undertakes no obligation and has no intention of updating
forward-looking statements.
View News Release in PDF Format:
http://www.mincosilver.ca/i/pdf/2007-10-15_NR.pdf
28 KB in size, approx. 6 seconds to download at 56.6Kbps
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Copyright (c) 2007 MINCO SILVER CORPORATION (MNV) All rights reserved.
For more information visit our website at http://www.mincosilver.ca/
or send mailto:info@mincosilver.ca
Message sent on Mon Oct 15, 2007 at 11:11:06 AM Pacific Time
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