David Constable Appointed Director Investor Relations for INV
TORONTO, ONTARIO – (CCNMatthews – August 8, 2006) – International Nickel Ventures Corporation (“INV”) (TSX:INV) is pleased to announce that David Constable, P.Geo, MBA has been appointed Director of Investor Relations effective August 1, 2006 under the terms of the Services and Facilities Agreement with FNX Mining Company Inc. (“FNX”). Dave has recently joined FNX as Vice President Investor Relations and Corporate Secretary effective August 1, 2006 as announced by FNX July 6th 2006. Dave is expected to work for INV about 20% of his time.
Dave is a professional geologist with more than 25 years of varied domestic and international exploration and mining experience. Since 1996, he has been an investor relations officer, initially with Normandy Mining Limited and from 2002 to 2005 was Vice President Investor Relations and Corporate Affairs with FNX. Recently, he has focused on junior oil and gas and mining start-ups and financings in the Canadian capital markets.
Dave has an honours Bachelor of Science degree in geology from Mount Allison University and an honours MBA from Laurentian University. He is a member of the Canadian Investor Relations Institute and an experienced director of public companies, including TSX-listed Southern Star Resources Inc. and Aquiline Resources Inc.
INV would like to thank Donna Yoshimatsu for her excellent work as Director, Investor Relations for INV since the company went public March 17, 2006. Donna has agreed to continue as a consultant with INV in the investor relations area until September 1, 2006.
INV is a Canadian mineral resource company focused on the acquisition, exploration and development of nickel projects in Brazil. Its primary asset is an option to acquire, with partner and operator Teck Cominco Limited, a 75% interest in two advanced-stage nickel laterite deposits, the Santa Fe and the Ipora, in the Goias nickel camp of Brazil. At the end of June, 2006, the Stage 2 drilling program was about 75% complete – see press release of July 27, 2006 for the excellent progress being made at Santa Fe/Ipora. INV’s 100%-owned land position of prospective nickel properties in Goias, Para and Tocantins States now totals over 230,000 hectares. This includes the recently optioned Aviao property located 55 km from Falconbridge Limited’s significant Araguaia nickel laterite discoveries in Para State.
INV has a cash position of about $20 million and has 34.5 million outstanding shares. Effective the start of trading on July 6, 2006, the shares of the Company began trading under the stock ticker symbol “INV” on the Toronto Stock Exchange (TSX).