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VANCOUVER, BRITISH COLUMBIA / TheNewswire / October 27, 2015 - Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) ("NCM" or the "Company") is pleased to announce that James Sever, P. Eng., President and director, has accepted the additional appointment of Chief Operating Officer. NCM is also pleased to add William Pfaffenberger, Ph.D. to the Financial Advisory Committee.
Mr. Sever has accepted the position of Chief Operating Officer of the Company to oversee and direct the technical development and designing stages of the Tami - Mosi magnesium project. This appointment is in addition to his duties as President and director for the Company.
As announced September 23, 2015, Mr. Sever is currently providing technical assistance on ScanMag AS's materials testing program for their magnesium project in Glomfjord, Norway. He is also overseeing the building of the bench scale pilot furnace which is expected to demonstrate proof of concept for the Tami - Mosi project, as announced October 6, 2015. A professional engineer with an MS in metallurgical engineering and an MBA, Mr. Sever has over 40 years' experience in non-ferrous metals, chemical, industrial and operational management. He is President of Alpha Omega Engineering, Inc. of Spokane, Washington, a private consulting company, providing international consultation on light metals production and use. His extensive career includes being employed for ten years by Alcoa at Northwest Alloys, Inc. as Technical Operations Manager for the Addy Magnesium plant located near Spokane, Washington.
Dr. Pfaffenberger a former director of the Company and accepted a position on the Financial Advisory Committee to assist with the Tami - Mosi magensium project. He is currently President of Saint Jean Carbon Inc., a director of Cancana Resources Inc. and has served as director for other public companies. Now retired, he worked 38 years as a mathematics professor for the Mathematics and Statistics Department at the University of Victoria. As Chair of his department, he served as a Member of the Board of Governors. Additionally, Dr. Pfaffenberger served as Chair of the Board of Pension Trustees for 11 years overseeing a fund of over $400 million. He is also President of a private minerals company, Fundamental Resources Corp.
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 metal 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.
Qualified Person
James Sever, P. Eng. a qualified person recognized under NI 43-101, supervised the preparation and approves the technical content in this news release.
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 Statement
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. 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. Actual results may differ materially from those currently anticipated due to a number of factors, including the Company's dolomite reserves may not be mined because of technical, regulatory, financing or other obstacles, the market price for magnesium may make our resources uneconomic, and other risks associated with being a mineral exploration and development company. 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. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
To Reach Nevada Clean Magnesium Please Contact:
Edward Lee, CEO at 604-210-9862
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