NEWS RELEASE 10-09
Merit Mining Corp. Reports on Annual General Meeting and Appoints Chairman
June 30, 2010 ? Vancouver, British Columbia. Merit Mining Corp. (TSX-V: MEM) (the ?Company?) held its Annual General Meeting of Shareholders (the ?AGM?) in Vancouver today at which Messrs. Deli Tian, Pengzhi Guo, Shicheng Song, John Anderson, and Kenneth Collison, and were elected as directors of the Company.
Following the AGM, the board of directors appointed Mr. Deli Tian as Chairman of the Board and re-appointed Fred Sveinson as President & Chief Executive Officer and Mr. Yuandong (Jeffrey) Ren as Chief Financial Officer.
The Company is making a payment of $20,000 to the estate of Ronald MacArthur in recognition of his contributions to the Company during his tenure as a director of Merit.
Management and the Company?s technical team are currently working on budgets and plans for the re-establishment of operations at the Company?s Greenwood Gold Project.
Merit Mining Corp.
Signed ?Fred Sveinson?
Fred Sveinson, President & CEO
For further information please contact:
Fred Sveinson at (604) 694-2344
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CAUTIONARY STATEMENTS REGARDING FORWARD LOOKING INFORMATION
Certain of the statements made and information contained herein may contain forward-looking statements or forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or forward-looking information include, but are not limited to, statements concerning: the Company?s plans. Forward-looking statements or information include statements regarding the expectations and beliefs of management. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as ?plans?, ?expects?, ?is expected?, ?budget?, ?scheduled?, ?estimates?, ?forecasts?, ?intends?, ?anticipates?, or ?believes? or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results ?may?, ?could?, ?would?, ?might? or ?will? be taken, occur or be achieved. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.
Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to: completion of announced transactions, history of losses; requirements for additional capital; dilution; loss of its material properties; interest rates increase; global economy; limited history of production; speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment; labour disputes; supply problems; commodity price fluctuations; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; legal and regulatory proceedings and community actions; title matters; regulatory restrictions; permitting and licensing; volatility of the market price of common shares; insurance; competition; hedging activities; currency fluctuations; and loss of key employees. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law, and you are referred to the full discussion of the Company?s business contained in the Company?s reports filed with the securities regulatory authorities in Canada.