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News
Release
April 16, 2010
Anglo
Aluminum Announces Changes to its Board of Directors
Anglo
Aluminum Corp. (TSX-V:ALU) announces that Mr. Todd Montgomery and Mr. Mason
Douglas stepped down as CEO and COO respectively and as directors of the
company effective April 12, 2010. Mr. Jim Gillis, Anglo Aluminum’s current
President has been appointed Chief Executive Officer, and Mr. Christopher J.
Wild, current Vice-President Exploration, has been appointed Chief Operating
Officer.
Mr.
Montgomery stated “Together we have worked hard to set in motion a solid plan
for the company that we are happy to support going forward.”
“We
thank both Mr. Montgomery and Mr. Douglas for their participation over the
past six months and we look forward to accelerating execution of the
company’s strategy,” said Mr. Jim Gillis, on behalf of the Board.
Anglo
Aluminum is focused upon the development of its Koba, Koumbia and
Mamou-Dalaba bauxite properties located in Guinea, West Africa, where a
preliminary economic assessment (PEA) is currently being organized for its
flagship projects at Koba and Koumbia. That study will investigate the
economics of mining operations at Koba and/or Koumbia. Koba hosts NI 43-101
compliant Indicated resources of 343,183,000 tonnes averaging 42.78% Al2O3,
2.85% SiO2, and 27.83% Fe2O3, and an additional 63,342,000 tonnes averaging
43.81% Al2O3, 2.74% SiO2, and 26.76% Fe2O3 classified as Inferred resources. Part
of the PEA will focus on defining a bauxite resource at Koumbia as well as
updating the resource estimate at Koba.
The
technical content of this news release has been prepared under the
supervision of Christopher J. Wild, who is a Qualified Person under National
Instrument 43-101.
For more information, please visit: www.angloaluminum.com or contact Jim
Gillis at 250-374-7377.
On
behalf of the Board of Directors
Anglo Aluminum Corp.
This
news release contains certain statements that may be deemed “forward-looking”
statements. Forward looking statements are statements that are not historical
facts and are generally, but not always, identified by the words “expects”,
“plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”,
“potential” and similar expressions, or that events or conditions “will”,
“would”, “may”, “could” or “should” occur. Although we believe the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in forward
looking statements. Forward looking statements are based on the beliefs,
estimates and opinions of our management on the date the statements are
made. Anglo Aluminum Corp. undertakes no obligation to update these
forward-looking statements in the event that management’s beliefs, estimates
or opinions, or other factors, should change, except as required by law.
Neither the 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.
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