INV Metals Announces Name Change and Board Appointments
TORONTO, ON – June 10, 2010 – INV Metals Inc. (“INV Metals” or “Company”) (TSX: INV) is pleased to announce the shareholders of International Nickel Ventures Corporation formally approved the Company’s name change to INV Metals Inc. at the Company’s Annual and Special Meeting held June 9, 2010. Mr. Robert Bell, Chief Executive Officer, is also pleased to report the appointment of Mr. Paul Conibear and Mr. Parviz Farsangi to the Company’s Board of Directors and Mr. Terry MacGibbon to Chairman of the Board of Directors.
Mr. Paul Conibear is currently the Senior Vice President, Corporate Development of Lundin Mining Corp. Mr. Conibear holds a B.Sc. in Civil Engineering from the University of Waterloo and has more than 28 years of international operating and senior management experience in the mining sector, including experience in several African countries. For the past 10 years, Mr. Conibear has been a corporate officer and board director for several successful Lundin group public companies. Mr. Conibear served as former President, CEO and director of Tenke Mining Corporation and was instrumental in progressing the world class Tenke Fungurume sediment-hosted copper/cobalt project, located in the Democratic Republic of Congo. Mr. Conibear is active in advancing the Lundin group’s corporate social responsibility initiatives and is a founding director of the Lundin for Africa Foundation, a charitable entity established to support sustainable development across Africa.
Mr. Farsangi holds a B.Eng. in Mining Engineering from Laurentian University, a M.Eng. in Rock Mechanics and a Ph.D. in Mining Engineering from McGill University and an Executive MBA from Queen’s University. Mr. Farsangi served as Executive Vice President and Chief Operating Officer of Vale Inco from 2007 to 2009, and was with Falconbridge Limited from 1987 to 2007 in roles that included General Manager, Sudbury Mines/Mill Business Unit and President of Gramercy Alumina and St. Ann Bauxite. Mr. Farsangi is President of PF Mining and Metals Consulting Inc. Mr. Farsangi has served on a number of mining association boards and is currently a director of a TSX Venture Exchange listed company.
Mr. Terry MacGibbon, B.Sc., P.Geo., ICD.D, is a registered professional geologist with over 40 years of international experience in the mining business. Mr. MacGibbon has been on the Board of Directors of INV Metals since the company was founded in 2005 and has served as lead director since March 2009. Mr. MacGibbon is a certified director, Institute of Corporate Directors, and has held directorships and senior executive positions in several TSX and TSX Venture public mining companies and is currently a director of four other TSX listed companies. Mr. MacGibbon is Chairman of the newly merged QuadraFNX Mining Ltd. and was formerly the founder, Chairman and CEO of FNX Mining Company.
Mr. Robert Bell stated, “We would like to express our thanks to David Dreisinger and Brent Peters, who decided not to stand for re-election to the Board of Directors, for their commitment and contribution to the Company over the years. I would also like to welcome Paul and Parviz to the board and look forward to working with them as we continue to transform INV into an emerging resource company.”
About INV Metals Inc.
INV Metals is an international mineral resource company focused on the acquisition, exploration and development of base and precious metal projects in Brazil, Namibia and Canada. Currently, INV Metals’ primary assets are: (1) its option to acquire 50% of the Rio Novo property, located in Brazil, (2) its option to acquire 50% of the Kaoko property, located in Namibia, (3) its 100% owned Itaporã gold properties, located in Brazil and (4) its option to acquire 50% of the Thorne Lake gold property, located in northwestern Ontario. Please also refer to INV Metals’ Management’s Discussion and Analysis dated May 11, 2010, available on SEDAR at www.sedar.com and the corporate presentation on INV Metals’ website at www.invmetals.com to view additional details relating to the properties.