Search Minerals Appoints LEO Power to Board of Directors
SEARCH MINERALS INC.
# 211, 901 West Third Street, North Vancouver, B.C. V7P 3P9 T (604) 998 -3432 . F (604) 608-5717
www.searchminerals.ca . E [email protected]
NEWS RELEASE
SEARCH MINERALS APPOINTS LEO POWER TO BOARD OF DIRECTORS
Vancouver, B.C. January 11, 2017 – Search Minerals Inc. (TSXV: SMY) (“Search” or the
“Company”) is pleased to announce the appointment of Mr. Leo Power, to the board of d irectors of the
Company (the “Board”) as an independent director.
“As we complete pilot plant testing and move forward with the next phase of development of our
FOXTROT critical rare earth element deposit in SE Labrador, we are excited to welcome Leo to the Board.
Mr. Power has demonstrated leadership at board and senio r executive levels within the mining and oil and
gas sectors and a solid grasp of the complexities of the markets for minor metals and industrial minerals. Not
only does he bring a wealth of development and international project finance experience to our t eam, but
years of experience in dealing with governments and regulatory agencies within Newfoundland and
Labrador and Ottawa. The latter will be extremely important as we move forward with the environmental
impact a ssessment process for F OXTROT and ramp up the drilling program for our Deepwater Fox
discovery in the same district,” stated Jim Clucas, Executive Chairman of Search.
Leo Power is a graduate of the Kellogg -Schulich Joint MBA program at York University, Toronto and
Northwestern University, Evanston, Illinois and holds a Masters Degree in Oil and Gas Studies (MOGS) from
Memorial University of Newfoundland and Labrador. He is also a graduate of the Directors Education
Program of the Rotman School of Management, University of Toronto.
Mr. Power is an active member of the Atlantic Canadian business and volunteer community and his work
includes:
Executive Chairman - Barite Mud Services Inc.
CEO and Director- Ptarmigan Energy Inc.
Director - Canada Fluorspar Inc
Board Member - Institute of Corporate Directors, Newfoundland and Labrador Chapter
Board Member - Atlantic Cabinet, Nature Conservancy of Canada
Newfoundland and Labrador Vice Chair - Atlantic Institute of Market Studies (AIMS)
This appointment is subject to TSX Venture Exchange approval.
About Search Minerals Inc.
Led by a proven management team and board of directors , Search is focused on finding and developing
resources within the emerging Port Hope Simpson Critical Rare Earth Element (CREE) District of SE
Labrador. The Company controls a belt 70 km long and 8 km wide including its 100% interest in the
FOXTROT Project which is road accessible and at tidewater. Exploration efforts have advanced “Deepwater
Fox” and “Fox Meadow” as significant new CREE prospect s very similar and in close proximity to the
original FOXTROT discovery. While the Company has identified more than 20 other prospects in the
District, its primary objective remains development of FOXTROT by confirming proprietary processing
SEARCH MINERALS INC.
# 211, 901 West Third Street, North Vancouver, B.C. V7P 3P9 T (604) 998 -3432 . F (604) 608-5717
www.searchminerals.ca . E [email protected]
technology at the pilot plant level (in progress) and delineation of prospects that will ensure competitive -low
cost production beyond the 14 -year mine life contemplated in the Preliminary Economic A ssessment of
FOXTROT completed in April 2016. The FOXTROT Project has a low capital cost to bring the initial project
into production ($152 M), a short payback period and is scalable due to Search’s proprietary processing
technology.
All material information on the Company may be found on its website at www.searchminerals.ca and on
SEDAR at www.sedar.com
About CREEs
Identified as Neodymium (Nd), Europium (Eu), Terbium (Tb), Dysprosium (Dy) and Yttrium (Y) t his
valuable subset of the complete series of 17 rare earth elements is considered critical due to high demand
and/or constrained domestic supply. Containing unique properties which enhance the performance of a range
of innovative technologies, CREEs are e ssential components in the development of permanent magnets and a
variety of other components used in renewable energy, green technology automobiles, medical devices,
electronics and agricultural production.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX V enture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Greg Andrews
President and CEO
Tel: 604 998-3432
E-mail: [email protected]
Paul Snow
Investor Relations
Tel: 709 753-0794
E-mail: [email protected]
Cautionary Statement Regarding “Forward-Looking” Information.
This news release includes certain “forward -looking information” and “fo rward-looking statements” (collectively " forward-
looking statements”) within the meaning of applicable Canadian and United States securities legislation including the
United States Private Secur ities Litigation Reform Act of 1995. All statements, other than statements of historical fact,
included herein, without limitation, statements relating the future operating or financial performance of the Company, are
forward-looking statements.
Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”,
“believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions,
or results “will”, “may”, “could”, or “should” occur or be achieved. Forward-looking statements in this news release
relate to, among other things future events or the Company’ s future performance, business prospects or opportunities.
Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those anticipated in such statements. Forward-looking
statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of
assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant
business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and
unknown, could cause actual results, performance or achievements to be materially different from the results, performance
or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made
assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, general
SEARCH MINERALS INC.
# 211, 901 West Third Street, North Vancouver, B.C. V7P 3P9 T (604) 998 -3432 . F (604) 608-5717
www.searchminerals.ca . E [email protected]
business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political
and competitive developments; and those additional risks set out in Search’ s public documents filed on SEDAR at
www.sedar.com. Although Search believes that the assumptions and factors used in preparing the forward-looking
statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this
news release and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where
required by law, Search disclaims any intention or obligation to update or revise any forward-looking statement, whether as
a result of new information, future events, or otherwise.