VANCOUVER, BC, International Beryllium Corporation (TSX-V: IB) — International Beryllium Corporation (“IBC”) is pleased to announce that further to its annual general meeting held on the 18th of December, 2007 and the completion of the reverse take over and amalgamation with Horn Rare Metals Ltd. announced on the 27th of November, 2007 the Company has made important changes and additions to its board of directors and management team.
On completion of the RTO, Dal Brynelsen, who has over 30 years of experience in the mining industry, joined the board. For the past 16 years Mr. Brynelsen has been the President, CEO and a director of Vangold (VAN:TSX.V), where he was instrumental in the early restructuring. In addition to discovering, financing and bringing to production two gold mines in Canada Mr. Brynelsen is also a founding Director of Griffin Mining Ltd., a $700 million market capitalization company listed on the AIM Exchange in London. Griffin is the first western company to build a mine in China in the last 100 years.
An additional board appointment upon completion of the RTO was Lee Rice who brings important geological expertise to the Company. Lee is a founding partner of Rare Earths Limited, LLC, a private Colorado-based company that provides satellite imagery, mapping, deposit evaluation and other technical, geological and consulting services with a special focus on the rare earths sector. Mr. Rice holds a B.Sc. in Chemistry from Case Western Reserve University and a Masters degree in Geology from South Dakota School of Mines and Technology; he is a Registered Professional Engineer in the state of Colorado, and is a Registered Member of the Society for Mining, Metallurgy, and Exploration. Lee worked as an exploration geologist at Humble Oil and Refining Co. (Exxon), Western Metals Division, in 1970. As well as working for the U.S. Bureau of Mines, Lee is also a past president of the Colorado Engineering Council, a past chairman of the Colorado Section of the Society for Mining, Metallurgy, and Exploration (SME), a former Regional Vice President and Director of SME, and a past chairman of the Mining and Exploration Division of SME. He is a member of the Colorado Engineering Council and the Geological Society of America. Lee has served within the National Council of Examiners for Engineers and Surveyors (NCEES) for 23 years from 1978 until 2001, writing and grading the national Mining and Mineral Processing professional engineering examination. He has made numerous technical presentations at professional society meetings and has been a contributing author or editor of several publications.
At the December AGM, the shareholders of IBC also voted to expand the board to appoint Roland J. Bopp who brings valuable manufacturing, processing and marketing experience to the board. Mr. Bopp brings more than 20 years of executive leadership in early stage and emerging organizations in North and South America, Western and Eastern Europe as well as Asia. He has a proven track record of building rapidly growing businesses, increasing profitability and creating significant shareholder value in several industry sectors and under various business conditions. The major corporate and operating experiences include Executive Vice President with the Mannesmann Corporation, a global US$20 billion telecom engineering company, Mr. Bopp’s responsibilities included marketing and sales of Mannesmann’s equipment and service offerings to the global mining and metal processing industry. During his fifteen year distinguished career at Mannesmann, he had operating and marketing responsibilities for Mannesmann’s product and service portfolio to the major user industry of beryllium and beryllium alloy products particularly to the aerospace and defence as well as automotive and power industries. During his tenure at Mannesmann, he was a key contributor in establishing Mannesmann’s successful mobile phone business. In one of his most recent positions, he was Chairman, President and CEO of the Americas for Deutsche Telekom Inc., a subsidiary of Deutsche Telekom of Germany based in New York. Over a period of three years he led the successful expansion of that business via both organic growth and through acquisitions.
In addition to the above board appointments the Company is also very pleased to announce the hiring of Lindsey V. Maness as the Company’s Vice President of Exploration. Lindsey has 30 years of exploration, mapping and resources evaluation experience on every continent and possesses special expertise, and international recognition, in all aspects of the beryllium resources industry. Mr. Maness has published many professional papers on digital mapping, photogeology, remote sensing, geographic information systems and related topics. Lindsey received a B.Sc. degree in Geology from North Carolina State University in 1974 and an M.A. in Geology from Indiana State University in 1977. Mr. Maness is a military veteran, having served in the U.S. Air Force from 1966-1971. Mr. Maness has been a board member and Vice President of Research and Development at Indirect Imaging, Inc., a private Colorado corporation, for over a decade and was also a founding partner with Lee Rice in Rare Earths Limited, LLC.
Following the RTO, Don Padgett resigned as a director. IBC’s new board of directors thanks him for his efforts, which were instrumental in the formation of the Company.
“IBC is extremely fortunate to have these acknowledged industry and beryllium experts join our team and to validate our corporate vision of the beryllium industry,” stated Anthony Dutton, President and CEO of IBC. “I am personally looking forward to working closely with these respected individuals as we combine to meet our corporate objectives and grow shareholder value”.
About International Beryllium Corporation
International Beryllium Corp. is a global exploration and development company focused on beryllium, beryllium oxides and beryllium master alloys. Beryllium and related alloys are used in a broad range of specialized industrial applications such as nuclear power, defence, electronics and automotive. International Beryllium’s common shares are traded on the TSX Venture Exchange under the symbol IB.
International Beryllium Corporation
Anthony G. Dutton, CEO
(604) 689-1515 ext 111
This news release was prepared by management of IBC, which takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Legal Notice Regarding Forward Looking Statements
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing operations and mineral exploration, therefore the Company’s future results, performance or achievements could differ materially from those expressed in these forward-looking statements will transpire. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.
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