Appointment of new director and new business direction
Wednesday 08/13/2008 4:14 PM ET - Cnw Group
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As of 12:00 AM ET 8/13/08
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Trading Symbols:
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TSX Venture Exchange: MHI
Frankfurt Stock Exchange: N8Z/WKN: AODLHP
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Mineral Hill Industries Ltd. ("MHI") is pleased to announce that Mr. Rafael Pinedo has been appointed to its Board of Directors. Mr. Pinedo, based in Texas, U.S.A. has over twenty five years experience in the energy and finance sectors. He is currently the President and CEO of Pilgrim Petroleum Corporation and General Energy Corporation, which are involved in oil and gas exploration projects and producing oil and gas assets in a wide range of geographical areas. He was the founder and former principal of American Capital Investment, LLC, an investment banking firm. During 1985 to 1999, he built his career in the IT Industry and was a business consultant for Cap Gemini America, Ernst & Young, and was Senior Vice President of Oracle Corporation and Computer Associates International.
The Company regrets that Mr. Hans Schwabl, who has been the Company's director since 1996 is retiring from the Board of Directors but has agreed to be a member of the Advisory Board. The Board of Directors wishes to record its appreciation to Mr. Schwabl for his ongoing support through the Company's growth.
As part of its strategy to diversify its resources, MHI is exploring new opportunities in the oil and gas industry in Northern America. The appointment of Mr Pinedo to the Board and his leadership participation in the oil and gas industry will enhance MHI's prospect in its new direction.
As announced in the Company's news release on July 21, 2008, the Company intends to also perform geothermal exploration and resource assessment in North Western British Columbia through Nass Energy Inc. (a company jointly owned by Mineral Hill Industries Ltd. and the Nisga'a Laxgalts'ap Village Government's resource development corporation).
With its diverse complement of directors, the Company and its affiliated companies will be meeting the challenges to grow in the mining and energy sectors.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
SOURCE: Mineral Hill Industries Ltd.
Dieter Peter, President & CEO, Telephone: (604) 685-4170; Pamela Keck, Investor
Relations Coordinator, Telephone (dir): (604) 630-6792
