November 23, 2011
NMC Resource Announces New President and Chief Executive Officer
VANCOUVER, BC -
NMC Resource Corporation
(TSX-V:NRC) ("NMC Resource")
is pleased to announce that effective November 21, 2011, Mr.
Do Hyung Kim has been appointed as new President and Chief Executive Officer of the Company and Mr.
Yoo Sup Han has been appointed as new Managing Director and Chief Operating Officer of the Company.
Concurrently with the new appointments, Mr.
Kim resigned as Vice President of the Company.
The new management appointments have been made to facilitate an efficient growth strategy of NMC Resource.
About NMC Resource Corporation
NMC Resource Corporation (TSX VENTURE:NRC) is a mining company with two molybdenum assets: NMC Moland Mine in South Korea (a producing Molybdenum mine with an increasing production profile and resource base) and Boss Mountain Mine in British Columbia, Canada.
NMC Resources assets are strategically located to supply the growing demand for Molybdenum from the Asian markets.
On behalf of the board of NMC RESOURCE CORPORATION
Yoo Sup Han; Managing Director and Chief Operating Officer
Forward-Looking Statements
: This news release includes certain forward-looking information and forward-looking statements (collectively "Forward-Looking Statements") concerning the future performance of the Companys business, operations and financial performance and condition, as well as managements objectives, strategies, beliefs and intentions.
Forward-Looking Statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results.
Forward-Looking Statements are based on the current opinions and expectations of management.
All Forward-Looking Statements are inherently
uncertain and subject to a variety of risks and uncertainties, including the speculative nature of mineral exploration and development generally and specifically in respect of the interpretation of the geology, continuity, grade and size of mineral deposits, unanticipated operational or technical difficulties, fluctuating commodity prices, competitive risks and the availability of financing, changes in laws or regulations, changes in the financial markets and changes in general economic conditions, as described in more detail in our recent securities filings available at
www.sedar.com
.
Such Forward-Looking Statements are based on a number of assumptions, including but not limited to the level and volatility of the price of molybdenum, the availability of financing, the accuracy of reserve and resource estimates and the assumptions on which those estimates are based and the ability to achieve and maintain certain operational efficiencies.
Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual events or results may differ materially from those expressed or implied in the Forward Looking-Statements and we caution against placing undue reliance thereon.
We assume no obligation to revise or update these
Forward-Looking Statements, except as required by applicable law.
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 news release. |