John J. Komarnicki, Chairman and Chief Executive Officer of Alhambra Resources Ltd., on behalf of the board of directors is pleased to announce the appointment of Mr. Graham A. Karklin as a director of the Corporation effective May 05, 2008.
Mr. Karklin has 34 years of experience in the international mining industry including Central Asia, Australia, North and South America, Africa, Indonesia and Russia. Mr. Karklin has been involved in the area of project development, operations and business development. He is a Professional Metallurgist, QP, who graduated from Haileybury School of Mines in Canada.
Mr. Karklin’s experience includes metallurgical development in the areas of rare earths, base metals and precious metals. Management experience includes general management of mining operations, metallurgical testing facilities, as well as co-founding a Canadian public resource company.
For 18 years, Mr. Karklin worked at Echo Bay Mines Ltd. in the capacity of Director of Metallurgical Services, which involved due diligence for mergers and acquisitions, operations and development of new mining projects. For the past 12 years Mr. Karklin has worked at Newmont Mining Corporation in the technical services group as an internal consultant to projects and operations in Russia, Uzbekistan, Indonesia, Peru, Bolivia, Ghana and Canada.
Mr. Karklin retired in 2008, and is developing a metallurgical consulting practice in Vancouver and continues to be a consultant to Newmont Mining Corporation. Mr. Komarnicki commented saying “We welcome Graham into our organization and look forward to his leadership and expertise in the mining sector”.
Alhambra also announces the granting of a stock option to Mr. Karklin, to purchase up to 200,000 common shares of the Corporation. Such stock option shall have an exercise price of C$1.15 per common share, shall have a term of three years from the date of grant, and shall vest as to twenty-five (25%) immediately and thereafter as to twenty-five (25%) on dates which are six (6) months, twelve (12) months and eighteen (18) months from the date of grant.
Alhambra is a Canadian based gold exploration and production corporation engaged in the exploration of and production from its 100% owned Uzboy Project. Alhambra is currently in its sixth year of operations in the Republic of Kazakhstan.
Alhambra’s common shares trade on The TSX Venture Exchange Inc. under the symbol ALH and in Germany on the Frankfurt Open Market under the symbol A4Y. The Corporation’s website can be accessed at www.alhambraresources.com.
The TSX Venture Exchange Inc. has neither approved nor disapproved the
information contained herein.
This news release contains statements about expected or anticipated results that are forward looking in nature and, as a result, are subject to certain risks and uncertainties, such as technical issues, new legislation, competitive and general economic factors and conditions, uncertainties resulting from potential delays, changes in plans, the occurrence of unexpected events and the Corporation’s capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbor for future.
For further information
Ihor P. Wasylkiw, Chief Information Officer, (403) 508-4953
Jim Clarke, Investor Relations, 1-888-290-1335 (Toll Free)
Source: Alhambra Resources Ltd.