May 8,
2008 TSX:
BAJ
PRESS RELEASE
BAJA MINING WELCOMES TOM OGRYZLO AS
CHAIRMAN OF THE BOARD
Baja Mining Corp. (the “Company”) is
pleased to announce the appointment of Mr. C. Thomas Ogryzlo as Chairman of the
Board of Directors of the Company effective immediately.
Mr.
Ogryzlo has been a director of the Company since 2005 and also chairs the
Company’s independent Compensation Committee. Mr. Ogryzlo has over
thirty five years of experience in the mining industry in development,
financing, engineering and design, construction and operations in many parts of
the world. As a director, Mr. Ogryzlo has provided a wealth of experience for
the Company to draw upon, and as Chair of the Board he will continue to provide
leadership as the Company grows. Mr. Ogryzlo holds a Bachelor of Mechanical
Engineering degree from McGill University in Montreal, Quebec, Canada.
Mr.
Ogryzlo has been President of several well-known mining and engineering
companies, including, Triton Mining Corporation, Black Hawk Mining, and Kilborn
SNC-Lavalin. His experience in exploration, development, engineering and
construction of multi-million dollar projects spans the world. Prior to these
positions, he directed process development work for Hanna Mining, initially as
project manager and subsequently as President and General Manager for the Cerro
Matoso ferro-nickel project in Columbia where he was instrumental in the
organizing of a US$450 million financing involving World Bank, Exim, and a
group of 52 private banks lead by Chase Manhattan.
Before
joining Kilborn, Mr. Ogryzlo was, for many years, a Senior Vice President of Wright
Engineers Ltd, a well known private Canadian engineering company dedicated to
the mining and metallurgical industry. He was based in Toronto and was
responsible for operations in Eastern Canada, Latin America and Europe.
Mr.
Ogryzlo has been an active independent director of numerous public companies
both in the past and currently including Franco-Nevada Mining, Vista Gold,
Tiomin Resources, and Polaris Geothermal. The Company welcomes Mr. Ogryzlo as
independent Chairman of the Board.
ON BEHALF OF THE
BOARD OF DIRECTORS OF
BAJA MINING
CORP.
“John
W. Greenslade”
JOHN W.
GREENSLADE, PRESIDENT & CEO
For
further information please contact John Greenslade, President, at (604)
685-2323
Some of the statements contained in this
release are forward-looking statements. Since forward-looking statements are
not statements of historical fact and address future events, conditions and
expectations, forward-looking statements by their nature inherently involve
unknown risks, uncertainties, assumptions and other factors well beyond the
Company’s ability to control or predict. Actual results and developments
may differ materially from those contemplated by such forward-looking
statements. Material factors that could cause actual revenues to differ
materially from those contained in such forwarding-looking statements include
(i) fluctuations on the prices of copper, cobalt, zinc and manganese, (ii)
interpretation of contract terms, (iii) accuracy of the Company’s and
consultants’ projections, (iv) the Company’s ability to finance,
receive permits for, obtain equipment, construct and develop the El Boleo
Project, (v) the effects of weather; operating hazards; adverse geological
conditions and global warming, (vi) impact of availability of labor, materials
and equipment; and (vii) changes in governmental laws, regulations, economic
conditions or shifts in political attitudes or stability.
These forward-looking
statements represent the Company’s views as of the date of this release.
There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from
those anticipated in such statements. Readers should not place undue reliance on
any forward-looking statements.