ABBOTSFORD, BC, Aug. 4, 2011 /PRNewswire/ - Nubian Resources Ltd (TSX.V:NBR) is pleased to announce the appointment of Dr Christopher J V Wheatley, Economic Geologist, to the Board in the capacity of Non Executive Director.
Chris Wheatley obtained his doctorate from Imperial College London and was subsequently awarded the Edgar Pam Fellowship and William Frechville Prize from the Institute of Mining and Metallurgy in London. He has peer reviewed many technical papers and has filed numerous NI 43-101 reports in base metals, precious metals, industrial minerals and iron ore. Dr Wheatley brings to Nubian Resources a wealth of exploration experience, his career spanning more than 40 years in Europe, Africa, Asia, North and South America, having spent 20 years with the Billiton-Shell Group in various exploration management positions and managed exploration for the Saudi Arabian Mining Company (Ma'aden).
Dr. Wheatley will join Nubian's Technical Committee, presently chaired by metallurgist Mr. Larry Treadgold, BSc (Hons), and will be able to provide expert opinions on various properties held by Nubian, including Excelsior; the company's advanced exploration gold property in Nevada.
Stock Options Granted
The company has granted 50,000 options to Dr. Wheatley at an exercise price of $0.50 for a period of 10 years from the date of issuance. The Company has 117,777 options remaining under the stock option plan.
President and CEO of Nubian Graham Chisholm comments: "We are pleased to have Chris Wheatley join our board and his experience and expertise will be greatly appreciated as he will also help us to critically assess a possible flagship property being considered by Nubian".
President & CEO
This release includes certain statements that are "forward-looking statements". All statements in this release, other than statements of historical facts that address future exploration, development and production activities, and other circumstances, events and developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results, events and developments may differ materially from those in the forward-looking statements. The occurrence of certain risk factors, the probability of which is unknown, may also affect actual results, events and developments expected by the Company.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Nubian Resources Ltd.