COEUR D'ALENE, ID, May 17 /CNW/ - WGI Heavy Minerals, Inc. (TSX: WG) today announced the resignation of its CFO and Corporate Secretary, June Perez. Effective May 16, 2006, June Perez tendered her resignation citing personal reasons. The Company has asked Greg Emerson to fill the role as Acting CFO until such time as a suitable replacement can be found. Mr. Emerson served as CFO for the Company from 1995 to 2005 and is well positioned to reassume this role. The Company has commenced a new executive search to fill the role of CFO. In addition, Ed Kok will fill the role of secretary for the Company. "WGI is very appreciative of June's contributions and we wish her well," said Covell Brown, Chairman and CEO. WGI Heavy Minerals, Inc. is a fully integrated miner, producer, and marketer of industrial-grade minerals and replacement parts for ultra-high waterjet cutting systems. The Company's operations include mining and processing facilities in Idaho, U.S. (Emerald Creek Garnet), Tamil Nadu, India (Bengal Bay Garnet) and Ermsleben, Germany and a manufacturing facility in Washington, U.S. (International Waterjet Parts). This press release contains forward-looking statements concerning the business, operations, and financial performance and condition of WGI Heavy Minerals, Incorporated. A number of the matters discussed and statements made in the press release contain forward-looking statements reflecting current expectations regarding future assets. When used in this press release, the words "believe", "anticipate", "intend", "estimate", "expect", "project", and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. These forward- looking statements are based on current expectations and are naturally subject to risks, uncertainties, and changes in circumstances beyond management's control that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause such differences include but are not limited to: exploration and development risks; risks related to permits and title to property; risks related to foreign countries and regulatory requirements; operating hazards; foreign currency fluctuations; competition; fluctuations in the market price of mineral commodities and transportation costs; uncertainty as to calculations of mineral deposit estimates; uninsured risks; and dependence upon key management personnel and executives. Actual results may differ materially from those expressed here. You should not place undue reliance on such forward-looking statements. The Company is under no obligation to update or alter such forward-looking statements, whether as a result of new information, future events, or otherwise. Press Release No. 07-06 %SEDAR: 00002893E