International Nickel Appoints CFO
TORONTO, ONTARIO–(CCNMatthews – June 1, 2007) – International Nickel Ventures Corporation (“INV” or “Company”) (TSX:INV) announces the appointment of Mr. Mario Miranda, C.A as Chief Financial Office of the Company, effective June 1, 2007.
Mr. Miranda is a Chartered Accountant with approximately 20 years experience leading the financial operations and strategic planning for multinational resource, manufacturing and consulting services organizations. Most recently, he was Director of Financial Reporting at Kinross Gold Corporation. Prior to Kinross, Mr. Miranda held senior positions with exploration and producing resource companies including, Pacific Stratus Energy, Bolivar Gold, Coalcorp Mining and MacDonald Mines Exploration. Mr. Miranda holds a B.A in Economics from Concordia University and a Graduate Diploma in Public Accounting from McGill University.
Mr. Ronald P. Gagel, the Company’s Vice-President and CFO will be resigning concurrently with the appointment of Mr. Miranda to concentrate on his position as Senior Vice-President and CFO of FNX Mining Company Inc.
Mr. Jim Clucas, Chairman, President and CEO of INV stated that “I’d like to thank Ron for his past contribution to INV. INV is fortunate to attract such an experienced CFO as Mario. The management team and the board of INV join me in welcoming Mario to his new position and look forward to working closely with him as INV advances our Brazilian nickel assets.”
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 73% partner and operator Teck Cominco, a 75% interest in two advanced-stage nickel laterite deposits, Santa Fe and Ipora, in the Goias nickel camp of Brazil. In addition, INV also has 100% ownership in an extensive land package of prospective nickel properties in Goias, Para and Tocantins States, which totals over 390,000 hectares. After giving consideration for the recently completed Offering and Concurrent Offering, INV has approximately 48.2 million Common Shares outstanding.