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VANCOUVER, BRITISH COLUMBIA / TheNewswire / May 13, 2015 - Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the "Company") is pleased to announce that Barrie Fraser, P.Eng., James E. Hock, Robin Guss and Frank E. MacKinnon have been appointed to the Advisory Committees.
Appointed to the Technical Advisory Committee
Barrie Fraser, P. Eng. is an accomplished Senior Project Manager with over 16 years of engineering and management experience and was the original senior project manager for the NI 43-101 PEA report dated September 15, 2011. His advice will add continuity for the next planning stages of our magnesium project. His wide range of project and personnel management history including technical experience has been gained in various industries including: consumer projects; agricultural equipment; industrial HVAC; light metals casting and finishing; automotive; marine; nuclear power generation; mining; and infrastructure. Mr. Fraser also has operations management experience including: quality; maintenance; resource; production; finance; safety and environment. His solid working knowledge of the staged approach to asset development and delivery coupled with grounding in the essential tools and techniques of project and engineering management has provided the platform for his successful engineering consulting and project execution track record.
Appointed to the Financial Advisory Committee
James E. Hock is the Founder, President and CEO of Hanover International, Inc. and is the current Co-Chairman of the National Investment Banking Association. Since the founding of Hanover in 1990, Jim has advised many micro-, small- and mid-cap companies on best industry practices in financial communications, corporate branding and awareness and capital markets access and advisory.
Robin Guss has over 35 years in the financial and investing industry working for national investment firms as a broker or branch manager. He was a founding partner in a very successful private investor corporation and currently resides in the Kelowna.
Frank E. MacKinnon brings over 35 years of senior operating and executive management skills along with strong domestic and international P&L experience. His professional insurance career includes the start-up of a Canadian 3rd party insurance company consisting of Canadian regional and international offices which financially resulted in $70 million in insurance revenues. Internationally, Mr. MacKinnon successfully developed and negotiated the licensing of 2 Caribbean Insurance Agencies which facilitated international business growth for the British Virgin Islands and St. Maarten. His career also brings many years of financial and leasing experience with abilities to market and originate large ticket lease transactions, evaluate capital expenditures, proposals, budgeting and cash flow based credit analysis from being employed by Canada's largest Bank's leasing divisions.
About Hanover International LLC
With offices in Los Angeles and New York, Hanover International is comprised of a professional team of experts in the areas of investment banking, debt and equity deal structuring, market awareness and support, SEC law and compliance, mergers and acquisitions, market research and analysis, corporate management and new business development.
About Nevada Clean Magnesium, Inc.
Nevada Clean Magnesium is focused on becoming a major U.S. producer and distributor of primary, high grade, low cost magnesium extracted from its 100% owned Tami-Mosi property located in North Central Nevada. Based on the Company's NI 43-101 Preliminary Economic Assessment Report published in September 2011 and amended in July 2014, the Tami-Mosi Project has an inferred resource of 412 million tonnes with an average grade of 12.3% Mg for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade contained within a high purity dolomite block. For more information, please visit www.nevadacmi.com.
This news release was reviewed by James Sever, P. Eng. a qualified person recognized under NI 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect projected results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
To Reach Nevada Clean Magnesium
Please Contact: Edward Lee, at 604-210-9862
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