Alexander Nubia Announces Appointment of Magdy Hassan Baidak as its new Egypt Country Manager
FOR IMMEDIATE RELEASE
Alexander Nubia Announces Appointment of Magdy Hassan Baidak as its new Egypt Country Manager
January 26, 2016 - Alexander Nubia International Inc. (TSX-V:AAN) (the "Corporation" or "Alexander Nubia") Alexander Nubia International Inc. (TSX-V:AAN) (the “Company” or “Alexander Nubia”) is very pleased to announce the appointment of Magdy Hassan Baidak as it’s new Egypt Country Manager.
Magdy has over 30 years of experience of working in the mining and oil and gas industries in Egypt. Previous to joining Alexander Nubia, Magdy had been for eight years the country manager of Anglo/Thani Dubai Mining. Previous to this Magdy had held senior positions for Conoco, Repsol, Vegas Oil & Gas and Petzet. Magdy began his career working at the Egyptian General Petroleum Corporation (EGPC). Magdy holds a Bachelor of Commerce degree from Cairo University.
Mark Campbell, President and CEO said of the appointment; “We are very excited and pleased to have Magdy join us to be our Country Manager in Egypt. Magdy has had a long and distinguished career in both the mining and the petroleum industry in Egypt. He was instrumental in building Anglo/Thani Dubai’s operations in Egypt and has held senior positions with some of the major foreign oil & gas companies working in Egypt. Magdy’s knowledge and experience will be invaluable to Alexander Nubia’s development as well as his ability to work closely with our partners EMRA. He will be leading a new team in Egypt made up of highly experienced and professional personnel, who will work to ensure our ultimate success.”
At the same time the company has appointed Mohammed Melegi as its Chief Accountant and Controller in Egypt reporting directly to the Company’s CFO Justin Blanchet.
Mohammed has over 25 years of experience in accounting within the oilfield services business and until joining AAN had been the deputy controller of Atlantic Marine Services (K-S Drilling). Previous to this he had worked as the accounting manager for Advanced Energy Systems. He began his career working for the Government’s Central Auditing Organization. He holds a BA in Accounting from Ain Shams University.
The company is in the process of moving its Cairo branch office from Nasr City to Zamalek.
Magdy and Mohammed join the Company at a key time in its development, as the development work continues to expand the strike and scope of the Hamama Project and at the start of its high impact exploration-drilling program at its Fatiri concession area. The economic outlook in Egypt continues to improve with major foreign investments underway.
About Alexander Nubia International Inc.:
Alexander Nubia (TSX-V: AAN) is a focus gold exploration company working in Egypt exploring for and developing of economic gold deposits in the Central Eastern Desert of the Arabian-Nubian Shield (ANS). The Company's 100%- owned concessions, Abu Marawat and the Fatiri, combined cover 2,772 square kilometers of underexplored ground. Evidence of gold on the concessions dates the many surface workings to pre-historic (Copper Age) and Old Kingdom (Pharaonic), through Ptolemaic and Roman and into Early Arab times. Several historic gold mines and numerous gold showings and gossans occur within the two concessions.
The Company's land package is located some 400 km southeast of Cairo and is enhanced by expanding infrastructure, including access to highway and railway right-of-way, a highcapacity electricity grid, and nearby major cities; Qena, on the Nile River, and Port of Safaga, on the Red Sea, only 50 km to the East.
For more information on Alexander Nubia visit www.alexandernubia.com or please contact:
Mark Campbell President and Chief Executive Officer Email: [email protected]
General Information Canada: +1 (604) 727-1813 Email: [email protected]
Cautionary Note Regarding Forward-Looking Statements
Some of the statements contained in this release are forward-looking statements, including statements regarding the Corporation's search for a new President and Chief Executive Officer. Since forward- looking statements address future events and conditions; by their very nature they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.