VANCOUVER, BC, June 28,
2023 /CNW/ - NGEx Minerals Ltd. (TSXV: NGEX)
("NGEx Minerals" or the "Company") is pleased to announce
the election of Mr. Alessandro
Bitelli to the Company's Board of Directors at the Annual
General and Special Meeting of Shareholders held on June 27, 2023. View PDF version
Mr. Bitelli brings extensive expertise to the Board as a
Chartered Professional Accountant of British Columbia, with a career spanning over
40 years in the mining industry and public accounting. Throughout
his career, he held the position of Chief Financial Officer ("CFO")
in multiple public companies and has been an integral part of the
senior management teams of various Lundin Group of Companies from
2007 to 2023. Most recently, Mr. Bitelli served as CFO of Lundin
Gold Inc., a gold mining company, from 2016 to 2023. Additionally,
and most notably, he served as CFO for Red Back Mining Inc., a gold
mining company with operations in Africa, from 2007 to 2010, which was acquired
by Kinross for an impressive
$9.2 billion in 2010. Mr. Bitelli
also serves as a non-executive director on various other publicly
listed companies.
Mr. Bitelli replaces Mr. David
Mullen, who did not stand for re-election.
William A. Rand, Chair of NGEx
Minerals, commented, "We are pleased to welcome Alessandro to the
Board of NGEx Minerals. Alessandro is well known in the
industry, having held significant leadership positions within the
Lundin Group of Companies for numerous years, and we welcome his
extensive financial expertise and his firsthand experience in
leading resource companies of all stages. Alessandro's skillset
will be a strong complement to our Board as we advance our mineral
properties. I would also like to extend a sincere thanks to Dave,
who has been with the Company since its inception and for many
years prior as a board member of predecessor companies. Through his
invaluable contributions and guidance, Dave has helped to shape
NGEx Minerals into the leading mineral exploration company that it
is today, and we wish him all the best in his future
endeavours."
ABOUT NGEX MINERALS
NGEx Minerals is a copper and gold exploration company based in
Canada, focused on advancing its
Los Helados copper-gold project located in Chile's Region III and testing the nearby
Potro Cliffs exploration target located approximately 12 kilometres
to the southwest in San Juan Province, Argentina. Both
projects are located within the Vicuña District which includes the
Josemaria and Filo del Sol deposits. Los Helados and the Potro
Cliffs target lie along the same major north-northeast trending
structure that controls the Filo del Sol deposit.
NGEx Minerals is the majority partner and operator for the Los
Helados Project, subject to a Joint Exploration Agreement with
Nippon Caserones Resources Co., Ltd. which operates the Caserones
open pit copper mine located approximately 15km north of Los
Helados through a subsidiary that is subject to a recently
announced agreement whereby Lundin Mining Corporation will acquire
a controlling stake.
NGEx Minerals' near-term objectives are to continue drilling for
extensions of the high-grade Fenix and Alicanto Zones identified at
Los Helados in early 2022, and to complete an initial drill
campaign at the Potro Cliffs exploration target.
The Company is listed on the TSXV under the trading symbol
"NGEX". NGEx Minerals is part of the Lundin Group of Companies.
On behalf of NGEx Minerals,
Wojtek Wodzicki,
President and CEO
Additional information relating to NGEx Minerals Ltd. may be
obtained or viewed on the SEDAR website at www.sedar.com or
on the Company's website at www.NGExminerals.com.
ADDITIONAL INFORMATION
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this news release.
The information contained in this news release was accurate at
the time of dissemination but may be superseded by subsequent news
release(s). The Company is under no obligation, nor does it
intend to update or revise the forward-looking information, whether
as a result of new information, future events or otherwise, except
as may be required by applicable securities laws.
SOURCE NGEx Minerals Ltd.