TORONTO, May 16, 2011 /PRNewswire/ -- Duluth Metals Limited ("Duluth Metals" and "Company") (TSX: DM) (TSX: DM.U) is pleased to announce the appointment of General John F. Sattler (USMC Ret.) and Mr. Edward M. Smith, CEO, Ullico Inc., to the Duluth Metals Board of Directors effective May 12, 2011. In addition, Mr. Michael J. Knuckey has decided to retire from the Board effective June 15, 2011 and will not be standing for re-election at the June 15th Annual General Meeting. Mr. Knuckey will be appointed to the Advisory Board, effective June 15th , and will continue to advise on geological and exploration matters.
"These appointments bring complementary skill sets to our existing Board of Directors which adds to our expertise in geology, mining, finance, legal affairs and management." commented Christopher Dundas, Chairman and CEO of Duluth Metals. "As our Company grows, we are pleased to have such experienced and prestigious board appointments that will help us through our next phase of development."
General Sattler brings 37 plus years of Marine Corps experience in leadership, command and staff positions, interagency coordination, strategic planning, congressional liaison, strategic communication and team building to Duluth Metals. General Sattler served as the Director of Strategic Plans and Policy (J5) to the U.S. Joint Chiefs of Staff from September 2006 until his retirement in August 2008. Prior to this, from 2004 to 2006, he was the Commanding General of the First Marine Expeditionary Force and Commander, Marine Corps Forces Central Command. During this period, he commanded all forces in Iraq within the Al Anbar Provence. During 2003-04, he commanded the initial Combined Joint Task Force-Horn of Africa and established the Headquarters in the Country of Djibouti. In addition, General Sattler has served three years as an acquisition officer and four years as the Marine Corps Congressional Liaison Officer to the House of Representatives. General Sattler has a B.Sc. Degree in Economics from the United States Naval Academy in 1971 and also graduated from the Marine Corps Amphibious Warfare School, the Marine Corps Command and Staff College, and the Industrial College of the Armed Forces.
Mr. Edward M. Smith is currently the Chief Executive Officer of Ullico Inc., and served as its President since May of 2008 as well as Executive Vice President in 2007-2008. Founded in 1927 as the Union Labor Life Insurance Company, Ullico provides insurance and financial solutions for labor unions, union employers, union benefit funds and union members. Before joining Ullico, Mr. Smith had a long and distinguished career at the Laborers' International Union of North America, which included serving over 58,000 members as the International Union Vice President and Midwest Regional Manager. Mr. Smith formerly served as Chairman of the Illinois State Board of Investment, chairman of the National Alliance for Fair Contracting, and a member of the Illinois Department of Labor Advisory Board. Currently he serves as a member of America's Agenda-Healthcare for All and sits on the Board of American Rights at Work. He also is a key benefactor to programs committed to helping children with reading and learning disabilities. Mr. Smith graduated from National Labor College with a Bachelor Arts Degree and currently serves on their Board. In 1978, he graduated from the Harvard University Trade Union Program.
Duluth Metals is pleased to announce that Mr. Michael Knuckey, an inductee to the Canadian Mining Hall of Fame, will continue in a valuable role on the Advisory Board, effective June 15th , and will continue to advise on geological and exploration matters. The Company would like to thank Mr. Knuckey for his past service on the Board of Directors, and his valuable contribution to the development and growth of Duluth Metals. His experience and vision has been a great asset to the Duluth team and we look forward to his continued support in his new advisory role.
About Duluth Metals Limited
Duluth Metals Limited is committed to acquiring, exploring and developing copper, nickel and platinum group metal (PGM) deposits within the rapidly emerging Duluth Complex mining camp in north-eastern Minnesota. The Duluth Complex hosts one of the world's largest undeveloped repositories of copper, nickel and PGMs, including the world's third largest accumulation of nickel sulphides, and one of the world's largest accumulations of polymetallic copper and platinum group metals.
This document may contain forward-looking statements (including "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995) relating to, among other things, the operations of Duluth, the environment in which it operates, timing and amount of capital expenditures, results of exploration and mine development, the availability of funding to Duluth and timing of geological reports. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that are difficult to predict and may be beyond the control of Duluth. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in the annual information form under the heading "Risk Factors" and in the other public filings of Duluth. Consequently, undue reliance should not be placed on such forward-looking statements. In addition, all forward-looking statements in this press release are given as of the date hereof. Duluth disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
For further information: Mara Strazdins Director of Corporate Communications Telephone: +1-(416)0369-1500 ext. 222 Email: firstname.lastname@example.org Vern Baker President Telephone: +1-(651)-389-9990 Email: email@example.com
SOURCE Duluth Metals Limited