Duluth Metals Appoints Lieutenant General John Sattler (USMC Ret.) and
Mr. Edward M. Smith, CEO of Ullico to Board of
Directors
- Retired in August 2008 from the
U.S. Joint Chiefs of Staff as Director of Strategic Plans and Policy,
General Sattler (USMC Ret) brings 37 plus years of distinguished
leadership in the Marine Corps.
- Mr. Edward M. Smith has had a
long and distinguished career in the U.S. labor movement.
Duluth
Metals Limited ("Duluth Metals" and "Company") (TSX: DM)
(TSX: DM.U) is pleased to announce the appointment of General John F. Sattler
(USMC Ret.) and Mr. Edward M. Smith, CEO, Ullico
Inc., to the Duluth Metals Board of Directors effective May 12, 2011. In
addition, Mr. Michael J. Knuckey has decided to
retire from the Board effective June 15, 2011 and will not be standing for
re-election at the June 15th Annual General Meeting. Mr. Knuckey
will be appointed to the Advisory Board, effective June 15th , and will
continue to advise on geological and exploration matters.
"These appointments bring complementary skill sets to our existing Board
of Directors which adds to our expertise in geology, mining, finance, legal
affairs and management." commented Christopher Dundas,
Chairman and CEO of Duluth Metals. "As our Company grows, we are pleased
to have such experienced and prestigious board appointments that will help us
through our next phase of development."
General Sattler brings 37 plus years of Marine Corps experience in leadership,
command and staff positions, interagency coordination, strategic planning,
congressional liaison, strategic communication and team building to Duluth
Metals. General Sattler served as the Director of Strategic Plans and Policy
(J5) to the U.S. Joint Chiefs of Staff from September 2006 until his retirement
in August 2008. Prior to this, from 2004 to 2006, he was the Commanding General
of the First Marine Expeditionary Force and Commander, Marine Corps Forces
Central Command. During this period, he commanded all forces in Iraq within the
Al Anbar Provence. During 2003-04, he commanded the
initial Combined Joint Task Force-Horn of Africa and established the
Headquarters in the Country of Djibouti. In addition, General Sattler has
served three years as an acquisition officer and four years as the Marine Corps
Congressional Liaison Officer to the House of Representatives. General Sattler
has a B.Sc. Degree in Economics from the United States Naval Academy in 1971
and also graduated from the Marine Corps Amphibious Warfare School, the Marine
Corps Command and Staff College, and the Industrial College of the Armed
Forces.
Mr. Edward M. Smith is currently the Chief Executive Officer of Ullico Inc., and served as its President since May of 2008
as well as Executive Vice President in 2007-2008. Founded in 1927 as the Union
Labor Life Insurance Company, Ullico provides
insurance and financial solutions for labor unions, union employers, union
benefit funds and union members. Before joining Ullico,
Mr. Smith had a long and distinguished career at the Laborers' International
Union of North America, which included serving over 58,000 members as the
International Union Vice President and Midwest Regional Manager. Mr. Smith
formerly served as Chairman of the Illinois State Board of Investment, chairman
of the National Alliance for Fair Contracting, and a member of the Illinois
Department of Labor Advisory Board. Currently he serves as a member of
America's Agenda-Healthcare for All and sits on the Board of American Rights at
Work. He also is a key benefactor to programs committed to helping children
with reading and learning disabilities. Mr. Smith graduated from National Labor
College with a Bachelor Arts Degree and currently serves on their Board. In
1978, he graduated from the Harvard University Trade Union Program.
Duluth Metals is pleased to announce that Mr. Michael Knuckey,
an inductee to the Canadian Mining Hall of Fame, will continue in a valuable
role on the Advisory Board, effective June 15th , and will continue to advise
on geological and exploration matters. The Company would like to thank Mr. Knuckey for his past service on the Board of Directors, and
his valuable contribution to the development and growth of Duluth Metals. His
experience and vision has been a great asset to the Duluth team and we look
forward to his continued support in his new advisory role.
About Duluth Metals Limited
Duluth Metals Limited is committed to acquiring, exploring and developing
copper, nickel and platinum group metal (PGM) deposits within the rapidly
emerging Duluth Complex mining camp in north-eastern Minnesota. The Duluth
Complex hosts one of the world's largest undeveloped repositories of copper,
nickel and PGMs, including the world's third largest accumulation of nickel sulphides, and one of the world's largest accumulations of polymetallic copper and platinum group metals.
This document may contain
forward-looking statements (including "forward-looking information"
within the meaning of applicable Canadian securities legislation and
"forward-looking statements" within the meaning of the US Private
Securities Litigation Reform Act of 1995) relating to, among other things, the
operations of Duluth, the environment in which it operates, timing and amount
of capital expenditures, results of exploration and mine development, the
availability of funding to Duluth and timing of geological reports. Such statements
are based on operations, estimates, forecasts and projections. They are not
guarantees of future performance and involve known and unknown risks,
uncertainties and other factors that are difficult to predict and may be beyond
the control of Duluth. A number of important factors could cause actual
outcomes and results to differ materially from those expressed in
forward-looking statements, including those set forth in the annual information
form under the heading "Risk Factors" and
in the other public filings of Duluth. Consequently, undue reliance should not
be placed on such forward-looking statements. In addition, all forward-looking
statements in this press release are given as of the date hereof. Duluth
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
save and except as may be required by applicable securities laws.
For more information please contact:
Mara Strazdins
Director of Corporate Communications
Telephone: (416) 369-1500 ext. 222
Email: mstrazdins@duluthmetals.com
Vern Baker
President
Telephone: (651) 389-9990
Email: vbaker@duluthmetals.com
Webpage: www.duluthmetals.com