Northair Silver Corp. Announces new CFO and Director
Northair Silver Corp. (TSXV: INM) (the "Company" or "Northair") is pleased to announce the appointment of Mr. Robert J. Scott CA, CFA as Chief Financial Officer (CFO) to replace outgoing CFO Mr. Wayne Johnstone who has decided to pursue other business interests and the appointment of Ms. Annette Cusworth to the Company's Board of Directors, effective December 8th, 2014.
Mr. Robert Scott, CA, CFA is a Chartered Accountant and has over 20 years of professional experience in corporate finance, accounting, merchant and commercial banking. He has served in the management and boards of a number of Canadian companies and also currently serves as the CFO of Riverside Resources (TSXV: RRI) where he has been instrumental in developing the programs and processes that have allowed Riverside to progress several early stage projects and create multiple strategic alliances with major mining companies. In addition, Mr. Scott is a co-founder and director of privately held, Pan American Hydro Corporation, a developer of small hydro projects in Latin America, and also currently serves on the board of Entourage Metals (TSXV: EMT) an Ontario focused precious metals explorer. Mr. Scott earned his CA designation in 1998, his CFA in 2002 and has a B.Sc. from the University of British Columbia.
Ms. Cusworth is a Chartered Accountant with a Bachelor of Commerce degree from the University of Calgary and has over 25 years of financial management experience with both public and private companies, including Vice President and Chief Accounting Officer for CHC Helicopter Corporation, a multinational company that was traded on both the TSX and the NYSE and CFO for Magma Energy Corp., a renewable energy company that traded on the TSX. While in public practice with Price Waterhouse, Ms. Cusworth specialized in audit and taxation, providing services to public and private enterprises. Ms. Cusworth is currently a member of the Institute of Chartered Accountants of British Columbia.
"I would like to welcome both Robert and Annette to the Northair team," said Andrea Zaradic, President and CEO of Northair. "Robert's successful track record for managing and developing financial processes coupled with his extensive experience in Mexico will greatly assist the Company's aggressive exploration and development of its flagship La Cigarra silver project. Additionally, Annette's hands-on experience as a CFO of both private and publicly traded companies will prove to be an excellent business and strategic resource to the Company in achieving our short and long term goals. I would also like to thank Mr. Johnstone for his unwavering service over the past years with Northair and wish him the very best in his future endeavors."
About Northair Silver Corp.
Northair Silver Corp. is a mineral exploration company engaged in the acquisition and development of silver properties in Mexico. Northair is focused on advancing its flagship La Cigarra silver project located in the state of Chihuahua, which currently hosts a NI 43-101 Resource estimate of 50.49 million ounces of silver in the Measured & Indicated categories grading 76 g/t silver (13.09 million ounces of Measured grading 65 g/t silver and 37.40 million ounces of Indicated grading 80 g/t silver) and 3.5 million ounces of silver in the Inferred category grading 61 g/t silver constrained by a Whittle pit shell at an economic cutoff grade of 30 g/t silver (assuming metallurgical recoveries of 84% silver). The project boasts a significant land package of over 32,000 hectares located within the Parral silver district and is 26 km from the city of Parral. The mineralized system at La Cigarra has been traced over 6.5 kilometres and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit also contains appreciable amounts of lead, zinc and gold.
For further information please see the Company's Technical Report entitled "San Gregorio/Las Carolinas Resources Technical Report La Cigarra Project, Chihuahua Mexico" dated effective February 26, 2013 which is available under the Company's profile at www.sedar.com.
ON BEHALF OF THE BOARD,
NORTHAIR SILVER CORP.
Andrea Zaradic, P. Eng.
President & CEO
Chris Curran, Manager of Corporate Communications at 604-687-7545 or 1-888-338-2200
Website: www.northairsilver.com Email: email@example.com
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 news release.
Caution Concerning Forward-Looking Statements
This news release may contain forward looking statements which are not historical facts, such as statements regarding the use of proceeds, the closing date, ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See Northair's filings for a more detailed discussion of factors that may impact expected results.
Cautionary Note Concerning Estimates of Measured, Indicated and Inferred Mineral Resources
This news release uses the terms "Measured and Indicated Resources" and "Inferred Resources", which have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of a Measured and Indicated and/or Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. Northair advises U.S. investors that while this term is recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize it. U.S. investors are cautioned not to assume that part or all of a Measured, Indicated and Inferred resource exists, or is economically or legally minable.