TORONTO, Oct. 18 /CNW/ - Northwestern Mineral Ventures Inc. (TSX-V: NWT;
OTCBB: NWTMF) has appointed Mr. Marek Kreczmer, M.Sc. (Geo), P.Eng., as
President and a Director of the Company, subject to TSX Venture Exchange
approval. Mr. Kreczmer is a seasoned executive with extensive experience in
uranium exploration and development.
Mr. Kreczmer has been a geologist and mining executive for more than
30 years. He has worked for major and emerging mining industry players focused
on uranium, base and precious metals. Mr. Kreczmer also has extensive
experience in corporate governance and administration as a current and former
director of several publicly listed mining companies.
"Northwestern is both pleased and privileged to welcome Marek and his
exceptional background in the exploration and development of uranium," said
Kabir Ahmed, Chairman and CEO of Northwestern. "This unique skill set is in
high demand as the mining community seeks to develop and produce enough
uranium to meet surging global energy requirements. Northwestern believes
Marek will be critical to the company's success of managing and exploiting its
growing uranium portfolio."
Between 1991 and 2003, Mr. Kreczmer served as President of Tan Range
Exploration Corporation (TSX: TNX). Under his leadership, Tan Range raised
almost C$40 million for the exploration and development of its mineral
properties. Mr. Kreczmer also initiated, formed and operated several
exploration joint ventures for Tan Range with senior gold companies including
JCI of South Africa, Newmont Mining Corporation (NYSE: NEM), and Barrick Gold
Corp. (TSX, NYSE: ABX) in 2002 and AngloGold-Ashanti Limited (NYSE: AU) in
2003. His background includes work with the uranium giant Cameco Corporation
(TSX: CCO; NYSE: CCJ), AGIP Canada Ltd., Granges Exploration Ltd., Golden
Patriot Mining Inc. (TSX-V: GPM), Soho Resources Corp. (TSX-V: SOH) and
Northern Canadian Minerals Inc. (TSX-V: NCA).
Mr. Kreczmer obtained a B.Sc. Honours (Mineral Deposits Major) from the
University of Ottawa and a Master of Science specializing in mineral deposits
from the University of Toronto. He is a member of the Association of
Professional Engineers of Saskatchewan and the Prospectors and Developers
Association of Canada (PDAC).
As part of his compensation package, Mr. Kreczmer will be granted stock
options under the Company's option plan to acquire up to 1,900,000 shares of
Northwestern at C$0.75 per share. Shares vest in quarterly stages over the
first year of Mr. Kreczmer's contract and expire after five years.
Northwestern would also like to announce that Kabir Ahmed will be
assuming the position of Chairman of its Board of Directors and he remains the
Company's Chief Executive Officer. Former non-executive Chairman Wayne Beach
remains an active and valued member of the Northwestern Board of Directors and
will continue to work on corporate financings and property acquisitions on the
Company's behalf.
ABOUT NORTHWESTERN:
Northwestern Mineral Ventures (www.northwestmineral.com) is an emerging
international exploration company with an experienced management team. The
company is focused on properties with potential uranium and silver-gold
targets and currently has interests in the United States, Canada and Mexico.
Northwestern is listed on the NASD Bulletin Board under the symbol "NWTMF" and
the TSX Venture Exchange under the symbol "NWT."
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
This news release includes certain "forward looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995.
Without limitation, statements regarding potential mineralization and
resources, exploration results, and future plans and objectives of the Company
are forward looking statements that involve various degrees of risk. The
following are important factors that could cause the Company's actual results
to differ materially from those expressed or implied by such forward looking
statements: changes in the world wide price of mineral commodities, general
market conditions, risks inherent in mineral exploration, risks associated
with development, construction and mining operations, the uncertainty of
future profitability and the uncertainty of access to additional capital.