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Managem

Published : November 21st, 2013

Moneta Announces Appointment of Ken D. Tylee to Management Team

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Dear Shareholders,

Appended below (with active links to our website), please find a press release from Moneta Porcupine Mines Inc. ("Moneta") disseminated today, November 21, 2013.

The addition of Ken Tylee, formerly of Goldcorp Inc., is another important step forward in advancing Moneta's Golden Highway and other gold projects.

It is rare for a geologist to have but one exploration success move into production - Ken has played a key role on teams that have delivered a remarkable 4 projects into production decisions including the well-known Hollinger Pit (final permit just received this week by Goldcorp) and Holloway Mine (now owned by St Andrew Goldfields), both in Timmins.

Ken has had direct exposure to the majority of gold assets in the Timmins Camp over his 30 years of experience and is very familiar with Moneta's property portfolio. He believes our Golden Highway property hosts several untested structures within the north volcanics, with excellent potential for high grade gold immediately adjacent to our current NI 43-101 resource of 4.3 Moz. The impact of a series of new high grade satellite deposits adjacent to our large open pit, in addition to the known underground high grade of our Southwest Zone, would further improve the scale of our Golden Highway resource and that, with an improvement in overall grade.

Roger Aubertin, who is transitioning from his day to day oversight of our exploration activity with his appointment as executive director, was a strong supporter for Ken's hire, and I look forward to the synergistic contributions from their unique exploration successes and experience.

I am very enthusiastic with the depth of our exploration team with pertinent track records to lead us in the execution of our current and future exploration programs.

Do not hesitate to contact me with any questions.

Ian C. Peres, CPA, CA
President & CEO

Tel. 416.579.3040 (Toronto)
Tel. 705.264.2296 (Timmins)
 

 

Thursday, November 21, 2013
Moneta Announces Appointment of Ken D. Tylee to Management Team

November 21, 2013, Toronto, Ontario - Moneta Porcupine Mines Inc. (TSX: ME) (OTC: MPUCF) (XETRA: MOP) ("Moneta" or the "Company") announces the appointment of Ken D. Tylee as Vice President Exploration and the nomination of Roger Aubertin to the Board of Directors.

Mr. Tylee has over 30 years of experience in the world class Timmins Gold Camp in Ontario with Kinross/Placer Dome/Goldcorp, Noranda and Canamax. His extensive experience includes intimate knowledge across most geological settings from the Quebec border, through Timmins, to the western limits of the Destor Porcupine Fault Zone.

Mr. Tylee was most recently a Senior Exploration Geologist at Goldcorp Inc. where he spent 19 years responsible for surface exploration in northeastern Ontario and underground exploration at Hoyle Pond, currently the highest grade gold mine in the Timmins Camp. Mr. Tylee was also responsible for project generation and led site visits and the assessment of numerous property submittals within the Timmins area.

Mr. Tylee played a lead role on several exploration teams, with an exceptional track record of 4 discoveries moving into gold production, including the Hollinger Pit and Holloway Mine within the current Holt McDermott complex.

Ian C. Peres, President and CEO stated, "Mr. Tylee adds considerable depth to our technical team and will be instrumental in growing our NI 43-101 resources and advancing our other key gold projects. His underground experience at Hoyle Pond will be particularly important in advancing the structural interpretation and growth in our high grade gold resource in the Southwest Zone, in addition to other high grade targets on our Golden Highway project."

Mr. Aubertin commented, "We are pleased to add Mr. Tylee to our technical team with his extensive experience in the Timmins camp and exceptional track record of exploration successes. I will continue to be directly involved as an executive director and look forward to working closely with Mr. Tylee and the technical team to advance Golden Highway as well as our other properties."

Prior to joining Moneta, Mr. Aubertin was Exploration and Site Project Manager at Detour Gold Corporation where he was responsible for planning and oversight of a 450,000 metre delineation drill program resulting in 14.9M oz in gold reserves at its Detour Lake Mine, currently in production in northeastern Ontario.

About Moneta
Moneta holds a 100% interest in 5 core gold projects strategically located along the highly prospective Destor Porcupine Fault Zone in the world class Timmins Camp, one of the best mining jurisdictions in the world with over 75 million ounces of past gold production and unmatched infrastructure including paved highway access, water, electricity, skilled labor force, and nearby mills.

A Preliminary Economic Assessment (Dec 2012) for the flagship Golden Highway project generated a Net Present Value of $748M using US$1,350 gold based on the NI 43-101 resource estimate of 1,091,000 ounces indicated (31.1 Mt at 1.09 g/t Au) plus 3,204,000 ounces inferred (83.3 Mt at 1.20 g/t Au), clustered within four kilometres of similar geology.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Ian C. Peres, President and CEO
416-579-3040 (Toronto)
705-264-2296 (Timmins)
iperes@monetaporcupine.com

Moneta's public documents may be accessed at www.sedar.com. For further information on Moneta, please visit our website at www.monetaporcupine.com or email us at info@monetaporcupine.com.

This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements.


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Managem is a gold producing company based in Morocco.

Managem holds various exploration projects in Gabon, in Guinea and in Morocco.

Its main exploration properties are BAKOUDOU - MAGNIMA in Gabon, IMITER and HANA-LOBO in Morocco and KOSSANKEN in Guinea.

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