Kivalliq
Strengthens Operational Team; Dale Wallster Joins
Board of Directors
Kivalliq Energy Corporation (KIV: TSX-V)
(the �Company� or �Kivalliq�) today announced the following
additions to the leadership team: Dale Wallster has
joined the board of directors; Andrew Berry has been appointed Chief Operating
Officer; and Bill Cronk appointed Exploration
Manager. The Company�s board and executive are focused on advancing the Lac Cinquante Uranium Deposit and demonstrating the mineral
potential of the Angilak Property in Nunavut, Canada.
�Kivalliq�s
board is constantly seeking ways to enhance shareholder value through
exploration, team building and corporate development opportunities. We are
excited to have added such depth to our team with these appointments, and we
see these individuals playing a very big role in Kivalliq�s
future success,� stated Jim Paterson, CEO. �Dale has many decades of experience
in mineral exploration, most recently in the uranium sector as a key player in
the success of Hathor Exploration. Andrew and Bill
both have considerable expertise in the management of large scale exploration
and logistical projects in Canada�s north.�
New Board Addition
Dale Wallster
is a geologist and a prospector with over 30 years
experience in North American mineral deposit exploration, with a focus
on the targeting and discovery of unconformity-related uranium deposits since
2002. He was president and founder of Roughrider Uranium Corp., a company
acquired by Hathor Exploration Limited in 2006 for
its 1,000,000 acres of strategically located uranium properties in the
Athabasca Basin. Dale and his team are widely credited in the mineral
exploration sector for the discovery of the Hathor�s
Roughrider deposit. In January 2012, Hathor became a
wholly-owned subsidiary of Rio Tinto as part of a CAD$650 million acquisition. Kivalliq will benefit greatly from Dale�s guidance at a
board level.
Stronger
Operational Team
Andrew Berry joined Kivalliq Energy Corp. in April 2009 as Project Manager and
most recently held the position of VP, Operations where he was responsible for
overseeing, on budget, Kivalliq�s $17M exploration
program at Angilak. He holds a technical diploma in
exploration geology from Sir Sandford Fleming College
in Ontario. He has more than 25 years of global experience in all aspects of
mineral exploration and development; including surface and underground precious
metal, base metal and diamond deposits. He was an integral member of Flanagan McAdam Ltd. and the Muscocho
Group, developing mining projects in Ontario, British Columbia and the Yukon.
As Project Manager with Ashton Mining of Canada Inc. and Stornoway
Diamond Corp., he gained more than 15 years of logistical experience exploring
and operating in Canadian Arctic environments. Andrew is well suited for his
expanded role as Chief Operating Officer.
Bill Cronk,
P.Geo.,
has over 23 years of experience as a geologist and manager of exploration
programs for precious metals, base metals, and uranium deposits. Bill has
worked in Africa, Europe, North and South America; with more than 9 years of
combined exploration experience in Alaska and the Canadian Arctic. Bill�s level
of expertise ranges from grass roots reconnaissance right up to advanced stage
and pre-feasibility work. While working for companies such as Dundee Precious
Metals, Placer Dome, BHP and Noranda Inc., Bill�s
gained management experience with business development, project generation,
program design, budget implementation, project management, and corporate and
government compliance. In a previous role as an exploration manager for
Homeland Uranium, Bill�s primary goals centered on uranium exploration in
Niger�s �Tim Mersoi Basin�, and project development
of rhyolite hosted uranium in Peru�s �Macusani
Plateau�.
Stock Options Grant
Stock options have been
granted to directors and officers of Kivalliq, in
accordance with the terms and conditions of the stock option plan of the
Company, entitling them to purchase 3,350,000 shares at the price of $0.50 per
common share expiring January 19, 2017
About Kivalliq Energy Corporation
Kivalliq Energy Corporation is a uranium
exploration and development company, and the first
company in Canada to sign a comprehensive agreement with the Inuit of Nunavut
to explore for uranium on Inuit Owned Lands in Nunavut.
Kivalliq�s 225,000 acre Angilak
Property in Nunavut hosts the high-grade Lac Cinquante
deposit, along with multiple highly mineralized target areas. With an NI 43-101
Inferred Mineral Resource of 1,779,000 tonnes grading
0.69% U3O8, totalling 27.13 million pounds U3O8,
(15.2 pounds U3O8/tonne) at a 0.2% U3O8 cut-off
grade, the Lac Cinquante Deposit is Canada�s highest
grade uranium deposit outside of the Athabasca Basin.
Since acquiring the Angilak Property in 2008, Kivalliq
has invested approximately $30 million conducting systematic exploration,
including ground and airborne geophysics, geological mapping, prospecting and
approximately 48,000 meters of RC and diamond drilling.
On behalf of the
Board of Directors
�Jim Paterson�
James R. Paterson, CEO
Kivalliq Energy Corporation