Tickers: PINX:MLYFF, XTSX:NVM
VANCOUVER, BRITISH COLUMBIA / TheNewswire / August 16, 2016 - Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the "Company") is pleased to announce the addition of Patrick Murphy to the Financial Advisory Committee and Frank Halliday to the Technical Advisory Committee.
Patrick Murphy is currently President and CEO of Capital Resources Financial Ltd. located in New York State, assisting in the management of a closed end investment group with current assets in excess of $4 billion. He was also elected President Emeritus, of the AFL/ClO lUJH International Labor Union of the United States and Canada, which for a period of time was President of the AFL/ClO, Local 8, for the state of New York. Mr. Murphy is and was a White House Guest, invited by President George P. Bush and President Bill Clinton and an Honored guest at the historic Israeli/PLO Peace signing in 1993.
His other activities include: School to Work Program, a federal grant committee representing Labour AFL/CIO; the American Cancer Society's Tobacco Control Team responsible for tobacco control legislation; Partner of Private Investment Group Inc., a commercial real estate development group.
Frank Halliday is currently a private consultant located in Surrey, British Columbia with over 18 years of experience specializing in stakeholder/regulatory relations and project permitting at all levels of development for resource projects. Recently employed by Teck Coal Ltd., he had the title of "Social, Environmental and Regulatory Approvals Manager" where he managed environmental baseline data acquisitions, environmental impact assessments, drafting of regulatory applications, and receipt of permits for major mining projects. He also managed expenditures for multi-million dollar yearly environmental and permitting budgets, which included the implementation of consultant scopes of work for project activities with critical regard for cost-saving opportunities, and interacted with regulators for exploration permits, pre-application activities, and legislated regulatory approval processes for major applications such as Environmental Assessments and Mines Act Permits.
One of Mr. Halliday career successes include the permitting of a major molybdenum mine located in British Columbia which the project received both provincial and federal environmental certificates and the BC Mining Permit to construct and operate. Prior to moving to the mining industry, Mr. Halliday was a "Surface Land Manager" for Canadian Natural Resources Ltd. managing up to 300 projects annually.
Ed Lee, CEO said, "I consider both gentlemen to be high assets for the company who have the high standards and skills needed in taking a project of this magnitude forward from its financing through to operations."
About Nevada Clean Magnesium, Inc.
Nevada Clean Magnesium is focused on becoming a major U.S. producer and distributor of primary, high grade, low cost magnesium metal extracted from its 100% owned Tami-Mosi property located in North Central Nevada. Based on the Company's NI 43-101 Preliminary Economic Assessment Report published in September 2011 and amended in July 2014, the Tami-Mosi Project has an inferred resource of 412 million tonnes with an average grade of 12.3% Mg for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade contained within a high purity dolomite block. For more information, please visit www.nevadacmi.com.
This press release was prepared under the supervision and review of James Sever, P. Eng., president and COO for Nevada Clean Magnesium. Mr. Sever is a non-independent qualified person within the meaning of National Instrument 43-101 standards.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect projected results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
To Reach Nevada Clean Magnesium Please Contact:
Edward Lee, CEO at (604) 210-9862
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