Platinum Exploration (PGM)

[kraftdinner]

FNX Mining CFO Ross resigns; Gagel steps up


2005-06-14 12:13 MT - News Release

Mr. Terry MacGibbon reports

FNX MINING APPOINTS RONALD P. GAGEL AS VICE PRESIDENT AND CFO

FNX Mining Company Inc. is appointing Ronald Gagel, CA, vice-president and chief financial officer, effective immediately. Mr. Gagel was previously appointed to FNX Mining's board of directors on March 16, 2005, and will continue to serve as a director of the company.

Mr. Gagel is a chartered accountant with more than 25 years of professional experience, predominantly in the natural resources sector. From 1988 to 2004, Mr. Gagel was at Aur Resources Inc. and from 1999 to 2004 he served as vice-president and chief financial officer.

Terry MacGibbon, president and chief executive officer of FNX Mining, stated: "Ron has already made a major contribution to FNX Mining during the short period he has served on the board. As the company continues its rapid growth, the role of vice-president and chief financial officer is increasingly crucial to our long-term success. The directors and management (FNX Mining) join me in welcoming Ron to his new position."

John Ross, former chief financial officer of the company, has left to pursue other opportunities and his contribution is recognized and acknowledged.