INV Appoints Dr. David Dreisinger to Board
TORONTO, ONTARIO – (CCNMatthews – November 9, 2006) – International Nickel Ventures Corporation (“INV”) (TSX:INV) is pleased to announce the appointment of Dr. David Dreisinger to the INV board, effective November 8, 2006. David is a world renowned expert on hydrometallurgical processing. David has been an advisor to INV concerning metallurgical matters over the past year and will continue in this capacity. He will be particularly helpful as INV assesses the pending scoping studies on its Santa Fe and Ipora, Brazil nickel laterite joint venture with Teck Cominco Limited.
David holds a BSc and PhD in Metallurgical Engineering from Queens University. He is a professor at The University of British Columbia, holding the Industrial Research Chair in Hydrometallurgy since 1993. This Chair is sponsored by many of the worlds major mining companies, including BHP Billiton, CVRD, Xstrata, CVRD INCO, and Teck Cominco. David has won numerous awards for his contribution to metallurgical processes, including the Sherritt Hydrometallurgy Award and the Metallurgical Society of CIM Lecture Award. He has also acted as a consultant during his career to numerous junior and senior mining companies, including BHP, Falconbridge, INCO and Teck Cominco. David has published over 100 papers in his field and has participated in 13 patents in his area. He is on the boards of Polymet Mining Corporation and Baja Mining Corp.
“We are delighted to welcome David Dreisinger to the INV board. I have known David for many years and always appreciated his advice. David is not only a world class metallurgist but a very practical individual who can now apply his extensive knowledge on the INV board”, stated Jim Clucas, Chairman of INV.
With the appointment of Dr. Dreisinger, Jay Goldman has agreed to resign from the INV board effective November 8, 2006. INV thanks Jay for his diligent board work and Jay will continue as Corporate Secretary and counsel to INV.
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, a 75% interest in two advanced-stage nickel laterite deposits, Santa Fe and Ipora, in the Goias nickel camp of Brazil. In addition, INV has 100% ownership in an extensive land package of prospective nickel properties in Goias, Para and Tocantins States which now totals approximately 300,000 hectares. INV has a cash position of approximately $20 million (June 30, 2006) and has 34.5 million outstanding shares.
This press release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond INV’s ability to control or predict, which could cause actual events or results to differ materially from those anticipated in such forwardlooking statements. Such risks and uncertainties include, but are not limited to: the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters, future price of nickel, changes in labour costs or other costs of production, failure of plant equipment or processes to operate as anticipated, possible variations in mineral grade or recovery rates and other general risks of the mining industry. Accordingly, readers should not place undue reliance on forward-looking statements. For a more detailed discussion of such risks and other factors, refer to INV’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.nickelventures.com.