VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 2, 2014) - Nickel North Exploration Corp. (TSX VENTURE:NNX) (the "Company" or "Nickel North") announces the appointment of Mr. Andrew Lee Smith as Interim President and Chief Executive Officer effective June 26, 2014. Mr. Smith replaces Mr. Phillip Mudry, who served as President and Chief Executive Officer since August 2012.
Mr. Smith is a Professional Geologist. He has over 25 years of experience successfully exploring, developing and operating North American base and precious metals mining projects. He is also President and CEO of East Africa Metals Inc. and a Director of True North Gems Inc.
Mr. Smith holds a BSc in Earth Sciences from the University of Waterloo and is a member of the Association of Professional Engineers and Geoscientists of British Columbia. He received the Mining Entrepreneur of the Year Award in 1994 from the Quebec Prospectors Association for his role in mine development with Aurizon, and was named Outstanding Alumnus of 2009 by the Science Faculty of the University of Waterloo for his contributions to mineral exploration.
The Company has terminated the consulting services agreement with Mr. Mudry, and his consulting company, Geosource Consulting Inc. to act as President and CEO of Nickel North. The Company would like to thank Mr. Mudry for his service as the Company's senior executive over the past three years. It is expected that Mr. Mudry will continue to direct the exploration at the Company's Hawk Ridge Cu-Ni-PGE project in northern Quebec pending the negotiation of a new consulting agreement for his services.
| On behalf of Nickel North Exploration Corp. |
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| "SIGNED" |
| Andrew Lee Smith, Interim President and CEO |
About Nickel North Exploration Corp.
Nickel North Exploration is a Canada-based exploration company focused on defining a Cu-Ni-PGE mineral resource at its Hawk Ridge Project in Northern Québec. The board of directors, advisor committee and management team are experienced, successful mine finders. The property consists of a 50 km long belt of magmatic Cu-Ni-PGE occurrences covering 30,658 hectares. The project is located near tidewater. Québec is a mining friendly jurisdiction. Nickel North Exploration is a conscientious corporate citizen maintains good relations with local Inuit communities and is committed to sustainable development. For more information on the company, please visit www.nickelnorthexploration.com.
Disclaimer for Forward-Looking Statements
All statements, other than statements of historical fact, included herein are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "likely" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements in this news release include a statement regarding the Company's expectation that Mr. Mudry will continue to direct the exploration at the Company's Hawk Ridge Cu-Ni-PGE prospect in northern Quebec pending the negotiation of a new consulting agreement for his services. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from the Company's expectations include the Company's ability to successfully negotiate a new consulting agreement with Mr. Mudry; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
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