Harmony Gold Corp. welcomes New Board of Directors and Announces Stock Option Grant
#200 – 551 Howe Street Vancouver, BC V6C 2C2 Tel: 604 683 8610 Fax: 604 793 4499 Trading Symbol: H
Harmony Gold Corp. welcomes New Board of Directors and Announces Stock Option Grant
Vancouver, BC, March 17, 2010 – Harmony Gold Corp. (the “Company”) announces that in connection with the close of its Change of Business Transaction, it has appointed a new board of directors and officers. Mr. Engelsman, the President and Chief Executive Officer would like to thank the previous management team of Mr. Jerry Minni, Mr. Bryce Clark and Mr. Harry Chew for their service to the Company.
Mr. Engelsman will lead the new management team, which will be comprised of the following individuals:
Dr. Alan Carter, Director
Dr. Alan Carter received his Bachelor of Sciences degree in Geology from the University of Nottingham and a Ph.D. degree from the University of Southampton. He is an expert in the mineral exploration industry, having over 20 years experience working for companies such as Rio Tinto Corp., Balaclava Mines Inc. and BHP Billiton Exploration Group. He is currently a director of Peregrine Diamonds Ltd. and co-founder, President and CEO of Magellan Minerals Ltd.
Mr. Robert John Harrington, Director
Mr. Robert John Harrington holds a Bachelor of Science Degree and a Master of Sciences Degree in Geology. He began his career as an exploration geologist in the uranium industry and has spent over 28 years in the mineral exploration and development industry. During this time, Mr. Harrington founded two private exploration and consulting companies which were successfully sold to exploration groups. He also worked for Rio Tinto Corporation in South America and Maurico Hochschild and Company (“MHC”), a Peruvian-based private international mining company. In addition to his role as International Exploration Manager of MHC, Mr. Harrington was actively involved in its business development and acquisition evaluation. Currently, Mr. Harrington is the principal partner of I-cubed, a remote sensing and GIS service company he founded.
Dr. John Mark Staude, Director
Dr. John Mark Staude holds a Masters of Science from Harvard University and a Ph.D. in Economic Geology. He has worked for major international mining companies including BHP Billiton and Teck Cominco as well as for smaller commodity focused companies and acted as a consultant to private investment groups. Over the past 23 years, he has developed extensive Latin America mineral resource experience in areas such as Mexico and South America. His work in more than 30 countries has led several exploration groups to build strong portfolios and profitable businesses through prospect generation, early stage partnering, and drill discoveries. He is currently President and a director of 0782512 B.C. Ltd., a mineral exploration consulting company, and an independent contractor to Riverside Resources Inc.
Mr. David E. Drips, Director
Mr. David E. Drips is a Mining Engineer with over 35 years of experience in the mining industry, focusing on operations and project construction. He has worked with several companies including Pan American Silver Corp., Bema Gold Corporation, Andalex Resources Inc., Hecla Mines, Scorpio Mining Corporation and Gulf Minerals in both surface and underground operations producing precious metals, base metals, uranium and coal. Mr. Drips has been very successful in managing under-performing, or distressed, operations back to profitability.
Mr. Casey Forward, Interim Chief Financial Officer
Mr. Casey Forward is a professional accountant with over 23 years of experience and has been employed as an officer of several public companies involved in mining and business development. Mr. Forward is a director and officer of several public companies involved in the mineral resource sector and has an extensive knowledge of the regulatory filing processes involved both in Canada and the U.S.
Mr. Andrew Lee Smith, Advisor to the Board
Mr. Andrew Lee Smith has over 20 years of experience in successfully exploring, developing and operating North American base and precious metal mining and gem projects. He has acted as Vice President of Exploration of Aurizon Mines Ltd. and co-founded True North Gems, a company exploring and developing the first significant emerald and sapphire deposits in the Yukon. Mr. Smith holds a Bachelor of Science degree and is a professional geologist and member of the Association of Professional Engineers and Geoscientists of British Columbia.
Mr. Engelsman welcomes the new management team and reports: “This is a very exciting time for Harmony. The addition of these gentlemen, with their combined experience and expertise, will provide the management team with invaluable advice, guidance and support.”
Harmony also announces that it has granted an aggregate of 1,400,000 incentive stock options to directors, officers, consultants and employees to purchase up to a total of 1,400,000 common shares in the capital of the Company at a price of $0.40 per common share for a period of five years. The options have been granted under the terms of the Company’s stock option plan.
HARMONY GOLD CORP.
Per: “Craig M. Engelsman”
Craig Michael Engelsman President Telephone: 778 370 0519 E-mail: [email protected]
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