Northern Vertex Announces Mr. Dick Whittington Appointed President
& CEO
VANCOUVER, November 12, 2012 /PRNewswire/ --
- All $ are in Canadian
dollars
Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX:NHVCF)
("Northern Vertex" or the "Company") is pleased to
announce that Mr. J.R.H. (Dick)
Whittington, P.Eng. has been appointed President and Chief
Executive Officer of the Company, effective immediately. Mr.
Whittington will also be joining the Company's Board of
Directors.
Mr. Whittington's distinguished career spans 35 years with a
select variety of mining companies in Canada, Mexico, Panama, Papua New
Guinea and Australia. His
experience encompasses senior executive and mine management roles
that include numerous feasibility studies, mine evaluations, mine
development, production, mergers and acquisitions and raising over
$1.3 billion of major corporate
financings.
As President and CEO of Northern Vertex, Mr. Whittington will be
working closely with the Company's Board of Directors to lead in
the transition of advancing the Company's flagship, Moss Gold
Project in Arizona from its
current stage of development to near-term gold production. He will
also be responsible for the review of all financing, development
and acquisition alternatives for the Company with a view to
creating long-term shareholder value.
Northern Vertex wishes to thank Mr. Kenneth Berry, for his service to the Company as
President and CEO. Mr. Berry has skillfully guided the Company
through a key period of development that has resulted in timely
acquisitions, financings and the successful advancement of the
Company's two gold projects. Mr. Berry will move to the position of
Chairman of the Company's Board of Directors, where his broad range
of management and finance expertise will continue to be
invaluable.
"I'm very excited to take a leadership role with Northern Vertex
and to participate in the accelerated growth of the Company as we
move towards a production decision on the Moss Gold Project in
Arizona," said Mr.
Whittington. "The Company and its technical team has been
highly successful in a short period of time developing its core
assets and I look forward to building on that success and playing
my part to ensure we maximize the value for shareholders and
stakeholders alike."
"We have continued to put significant emphasis on building a
corporate team that is capable of taking projects from the
development stage through to production," said Northern Vertex CEO
Kenneth Berry. "Mr.
Whittington's leadership strengths and his demonstrated abilities
in mine finance, mine construction, mine operations and mine
production will undoubtedly play a vital role in the Company moving
its flagship Moss Gold Project towards Production."
As former President and CEO of Farallon Mining, Mr. Whittington
took the company from the discovery stage through to commercial
production in less than four years. After guiding the Company
through its impressive transition from a junior exploration company
to a successful Mid-tier zinc producer, he facilitated the
successful sale of the company to Nyrstar for $409 million in January of 2011.
Over the course of his career, Mr. Whittington has developed
strong working relationships with business leaders and government
in the countries in which he operates. In Mexico this lead to the founding and Chairing
the Canadian Mining Task Force, an organization he set up to
represent Canadian mining and exploration companies interest in
Mexico. The aggregate market
capitalization of these companies represented by the Task Force
represented was in excess of $50
Billion.
He was recognized for his accomplishments, when the Governor
General of Canada, Ms.
Michaelle Jean, awarded Mr.
Whittington a Governor General Gold Medal as a result of his work
to strengthen ties between Canada
and Mexico and for his commitment
to Corporate Social Responsibility in mining.
He was also selected as one of the three finalists for the Ernst
& Young Entrepreneur of the Year Award for 2010, in the mining
category for the Pacific region. This recognition was presented as
a result of his entrepreneurial approach to bring the G-9 Mine into
production in a non-traditional manner, specifically the "Parallel
Track Approach". The Parallel Track Approach allowed G 9 to come on
line and into production on time and on budget in less than four
years from its initial greenfield discovery.
Mr. Whittington, P.Eng., was educated at the prestigious
Royal School of Mines in the
United Kingdom where he received
his B.Sc in Mining Engineering. Mr. Whittington also serves on the
boards of Kootenay Silver and Great Panther Silver, both Mexican
based mining companies.
Subject to the approval of the TSX Venture Exchange, Northern
Vertex has issued an aggregate total of 2,450,000 incentive stock
options exercisable for a period of 5 years at a price of
$1.40 to directors, officers and
consultants of the company.
About Northern Vertex: Northern Vertex Mining Corp. is a
Canadian based exploration and mining company focused on the
development of precious metals deposits in Canada and the
United States. The Company comprises an experienced
management team with a strong background in all aspects of
acquisition, exploration, development and financing of precious
metal mining projects. Its flagship Moss Gold Project located in
Arizona, USA contains 956,800 oz
of Au-Eq in the measured and indicated categories and is rapidly
progressing the project to a production decision.
ON BEHALF OF THE BOARD OF NORTHERN VERTEX
"Kenneth Berry", Chairman of the
Board
The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or the
accuracy of this release.
Cautionary Note to U.S.
Investors: This news release may
contain information about adjacent properties on which we have no
right to explore or mine. We advise U.S. investors that the SEC's
mining guidelines strictly prohibit information of this type in
documents filed with the SEC. U.S. investors are cautioned that
mineral deposits on adjacent properties are not indicative of
mineral deposits on our properties. This news release may contain
forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address
future events and conditions and therefore involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated insuch statements.
Neither 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.
For further information:
For further information, please
visit http://www.northernvertex.com or contact Investor
Relations at: +1-604-601-3656 or at +1-855-633-8798.