Lake Victoria Announces New Board Member
Mar 5th 2013 3:06PM
Updated Mar 5th 2013 3:10PM
Lake Victoria Announces New Board Member
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Lake Victoria Mining Company, Inc. (LVCA:OTCBB)("Lake Victoria" or the "Company") is pleased to report that Dr. David Ralph Webb has joined the Board Of Directors of the Company.
David Webb is a registered Professional Geologist in the NWT Canada and has spent the past 25 years as president of DRW Geological Consultants Ltd. providing technical and operating services to companies in the mining exploration, development and production industry.
David Kalenuik, President and CEO of Lake Victoria expressed; "Based on the stage of development that the Company is at we will truly benefit with Dr. Webb joining our Board of Directors. Dr Webb's experience on the business side of public companies, including intimate technical knowledge of what it takes to bring a gold project into production will be invaluable to the Company as it progresses to successfully putting the first of it's projects into gold production."
In this capacity he has served as a director and president to three different mining companies and provided consulting services to dozens of other mid-tier and junior companies, most recently having been a director and president of Tyhee Gold Corp, leading it to the discovery and development of its multi-million ounce Yellowknife Gold Project, currently in permitting.
Prior to that Dr Webb bought, discovered the extension of a high-grade gold zone, and provided all geological services in developing Mon Gold Mine, a privately owned remote underground gold mine north of Yellowknife, NWT. The Mon Gold Mine produced from 1989 to 1997 and was successfully reclaimed.
He also was senior geologist and later president during the construction and operation of the Bumbat Gold Mine in Mongolia.
Dr Webb has co-authored the qualifying report on Fortune Minerals Limited's Nico Property, recommending acquisition. This gold, cobalt, bismuth property is currently in the permitting stage.
He graduated from the University of Toronto with a B.A.Sc. (engineering), winning scholarships and bursaries for the highest marks in third and fourth year field courses. He has a M.Sc. from Queens University and a Ph.D. from the University of Western Ontario in Geological Sciences. He was a board member for the NWT and Nunavut Chamber of Mines, member of the Education Committee for the Association for Mineral Exploration, B.C., Blockwatch Captain in Surrey, B.C., and member of NAPEGG, CIM, PDAC, AMEBC, SEG.
About the Company
Lake Victoria Mining Company, Inc. is working to create another gold mine in the world famous Lake Victoria Greenstone Belt, Tanzania, East Africa. Tanzania is Africa's third largest gold producer, behind South Africa and Ghana, but also has reserves of uranium, nickel and coal. Gold exports alone earned it $1.46 billion in 2010, up from $1.076 billion the previous year. Lake Victoria holds nine prospective gold projects and five uranium projects within its Tanzania property portfolio. Additional information regarding the Company is available on the corporate website at: www.lakevictoriaminingcompany.com or by contacting:
Lake Victoria Mining Company, Inc.
David T. Kalenuik, President & CEO
This news release may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and within the meaning of Canadian provincial securities laws applicable to the Company. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's exploration programs and operating costs during its exploratory stage, the interpretation of exploration results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including the inability to obtain mining permits and environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees, and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-K filed on June 29, 2012, which is on file with the Securities and Exchange Commission, as well as the Company's periodic filings available at www.sec.gov and with Canadian Securities Administrators at www.sedar.com. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws.
Cautionary note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this press release, such as "mineralized zones" which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our annual report on Form 10-K. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of the Company in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or unless an exemption from such registration is available.
Lake Victoria Mining Company, Inc.
David T. Kalenuik, 303-586-1390
President & CEO
KEYWORDS: North America Canada
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