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NewsNevada Clean Magnesium Changes Board of Directors

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abriana90   Tuesday, 12/11/12 08:01:56 PM
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Nevada Clean Magnesium Changes Board of Directors

December 11 , 2012 - Vancouver, British Columbia

Nevada Clean Magnesium Changes Board Of Directors

December 10, 2012 , 2012- Vancouver, British Columbia

Nevada Clean Magnesium Inc. (TSX.V-NVM; Frankfurt-M1V; Pink Sheets-MLYFF)(“Nevada CMI” or the “Company”) announces that Edward Lee has accepted the position of Chairman of the Board and Chief Executive Officer and James Sever will assume the President’s seat. Peter Stuntz has been appointed Independent Director and Rob Bailey is added as a new Director and the new Chief Operating Officer. Marlyn Ballain has also been added to the Company’s Technical Advisory Committee.

Larry Reaugh has resigned as a Director and CEO to focus on other interests. He will sit on the Technical Advisory Committee and continue to be an asset to the Company.

Robert Brown has tendered his resignation to pursue a contract position with an engineering firm in order to avoid any conflicts of interest at the request of the aforementioned firm. He will however transition onto the Technical Advisory Committee on a consulting basis. On behalf of the Board, I would like to sincerely thank Mr. Brown for his assistance introducing experienced people to the Tami–Mosi Magnesium Project.

Both Dr. William Pfaffenberger and Dr. David Madill are leaving the position as members of the Board of Directors but will continue to assist the company as members of the Technical Advisory Committee. The Company would like to thank both gentlemen for their years of dedicated service to the Shareholders and the Board.

Peter Stuntz, B. Sc., B. Eng., Masters Geoscience

Mr. Stuntz trained as a geologist, mining engineer and mineral economist and has over 25 years’ experience in financing Australian and international resource companies. He commenced his career working in the underground coal industry before moving to Australia’s largest pension fund manager where he worked initially as an investment analyst and then as a portfolio manager.

After almost two decades exclusively in funds management he established his own natural resource advisory business in 2004. Mr. Stuntz co-founded a number of natural resource companies that operate in Asia and assisted in raising finance for a number of others. He maintains contact with the investment industry through his directorship of an offshore global resource hedge fund.

Of direct relevance to Nevada Clean Magnesium is the role he played as director and driving force behind an Australian company which designed, constructed and operated a 25,000 tonne per annum magnesium alloy plant in China.

Marlyn Ballain

Mr. Ballain has over 40 years in the light metals field specializing in production, research and development of magnesium, aluminum, calcium metals and related chemical products. For 27.5 years he was employed by ALCOA Inc. Currently he owns and operates Ballain Consulting Inc. providing consulting on production, development, safety and environmental operations to his previous employer but also to international clients. His expertise is in economic process development, project safety and environmental analysis.

Mr. Ballain’s holds a Masters of Science in Chemical Engineering and was a registered Professional Engineer in Chemical Engineering in the state of Illinois.

He holds numerous Patents both in magnesium reduction and other facets of the aluminum industry. He has co-authored several papers and in 1988 was awarded by TMS of AIME the best paper in “Extractive Metallurgy Technology”.

About Nevada Clean Magnesium Inc.

NevadaCMI is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.

On Behalf of Management

Edward Lee
Chief Executive Officer

For all Nevada Clean Magnesium Inc. investor relations needs, investors are asked to visit the website at www.nevadacmi.com.

Information Contacts

Edward Lee, President
Nevada Clean Magnesium Inc. (formerly, Molycor Gold Corp.)
2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: info@molycor.com

Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company’s website at www.nevadacmi.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient’s spam filters frequently block receiving emails containing the full Cautionary Notice.

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