ANATOLIA MINERALS
APPOINTS EDWARD C. DOWLING JR. AS NEW PRESIDENT AND CHIEF EXECUTIVE
OFFICER
February 20, 2008
: Anatolia Minerals Development Limited
("Anatolia") [TSX:ANO]is
pleased to announce that Edward C. Dowling, Jr., has been appointed
President and Chief Executive Officer. Mr. Dowling will join Anatolia on
April 1, 2008 and will assume a seat on the board of directors.
Timothy J. Haddon, Chairman, commented, "Ed
Dowling brings tremendous talent and experience to Anatolia. His proven
technical skills and effective management style are an ideal fit with
Anatolia as we work to bring the ��pler Gold Project into production, as
well as aggressively grow the company through continued exploration. Upon
joining us, Ed will assume immediate responsibility for all development,
exploration and corporate affairs."
Mr. Dowling joins Anatolia after a successful
tenure as CEO and President of Meridian Gold Inc., which was recently
acquired by Yamana Gold Inc. As part of the strategy implemented under
Dowling's tenure at Meridian, the company discovered new and
significantly extended existing reserves and resources, completed growth
projects on-time and on-budget, initiated new growth projects, lowered
operating costs and consistently recorded record financial results. In
addition to Meridian Gold, Mr. Dowling's leadership roles include: De
Beers, Johannesburg, South Africa, as Executive Director, Mining and
Exploration; Cleveland-Cliffs as Executive Vice-President - Operations;
and Cyprus Amax Minerals Company in various leadership capacities. Mr.
Dowling holds a Bachelor of Science in Mining Engineering as well as a
Master of Science and a Doctor of Philosophy in Mineral Processing, all
granted from the Pennsylvania State University. Mr. Dowling is recognized
in the industry for his ability to assemble and motivate teams of people
to tackle and deliver challenging projects for creation of long-term
value.
Mr. Dowling noted, "I am
very excited to join the Anatolia team as it enters this very exciting
stage in its development. I also look forward to continuing its history
as a successful exploration story and working to leverage Anatolia's
position as one of Turkey's leading exploration companies."
About Anatolia
Anatolia is developing its
100%-owned ��pler Gold Project in Turkey. The current phase of
development anticipates mining the open-pittable oxide portion of the
deposit over a 10-year period, producing 1.8 million ounces gold and 2.2
million ounces silver. Additionally, Anatolia is among Turkey's leading
minerals exploration companies, targeting numerous potentially
large-scale base metals and gold opportunities.
Anatolia currently has 83.1
million common shares issued and outstanding, 99.4 million fully diluted.
For more information: Timothy Haddon, Chairman, or Douglas Tobler, Chief
Financial Officer at(303) 292-1299 or visit www.anatoliaminerals.com.
Anatolia trades on the Toronto Stock Exchange as ANO.
Cautionary Statements
Certain statements contained in
this news release constitute forward-looking information, future oriented
financial information, or financial outlooks (collectively
"forward-looking information") within the meaning of Canadian
securities laws. Forward-looking information may relate to this news
release and other matters identified in Anatolia's public filings,
Anatolia's future outlook and anticipated events or results and, in some
cases, can be identified by terminology such as "may",
"will", "should", "expect",
"plan", "anticipate", "believe",
"intend", "estimate", "predict",
"potential", "continue" or other similar expressions
concerning matters that are not historical facts. Such forward-looking
statements are based on a number of material factors and assumptions such
as the ultimate determination of mineral reserves, availability of
required approvals, licenses and permits, sufficient working capital to
develop and operate the proposed mine, access to adequate services and
supplies, availability of a qualified work force, and the ultimate
ability to mine, process and sell mineral products on economically
favorable terms. While we consider these assumptions to be reasonable
based on information currently available to us, they may prove to be
incorrect. Actual results may vary from such forward-looking information
for a variety of reasons, including but not limited to risks and
uncertainties disclosed in other Anatolia filings at www.sedar.com and other
unforeseen events or circumstances.
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