|By Marketwired .||
|November 22, 2012 04:05 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/22/12 -- Alabama Graphite Corp. (the "Company") (CNSX:ALP)(FRANKFURT:1AG) (WKN A1J35M) is pleased to announce the appointment of Jean Depatie, B.Sc., M.Sc., as Chairman of the Company. Mr. Depatie has a long and distinguished career in the mining industry, most recently as a director of Consolidated Thompson Iron Mines Ltd until its sale to Cliffs Natural Resources in 2011 for $4.9 billion. Previously, Mr. Depatie served as a director of Glamis Gold Ltd. until its takeover by Goldcorp for $8.6B in 2006. Mr. Depatie was also Senior Advisor and a founder of Paramount Gold and Silver Corp. (NYSE:PZG) and a director of Novicourt Mines (now Xstrata).
Mining veteran Mr. Depatie commented, "Based on a field visit to the Coosa Graphite Project, I see potential for a significant large flake graphite deposit capable of serving both the international and US domestic demand in this growing market. I am very excited to join the company and assist in the development of this great project, in a region that has seen graphite production before."
Mr. Depatie is an economic geologist with a BA in math and physics, and holds both Bachelor and Masters Degrees in Geology. Mr Depatie has also been involved in numerous other successful mining ventures including Sulliden Gold Corporation, Richmont Mines, Stratmin Mines, Cambiex Explorations and Louvern Mines. He is currently Chairman of the Board of Colt Resources and Rio Moche Explorations and director of Champion Minerals.
Most notably, Jean put the world's largest graphite mine into production, the Lac-des-Iles Graphite Mine in Quebec (later Stratmin), and for this feat, in 1990, won the Prix d'Excellence awarded by the Government of Quebec. In 1991, Stratmin was anointed as one of the three best Quebec companies for international development.
CEO, Daniel Spine comments, "It was a delight to have Jean on our site this week. His detailed knowledge of developing Lac des Isles and stewarding it into a fully producing graphite operation is the book nobody could ever find. Jean knows more about what we need to do than probably any person alive today. It is my pleasure to welcome him to our board and I look forward to working very closely with him."
Adrian Robertson has vacated his board of directors seat to make way for Mr. Depatie's appointment and will remain a consultant to the Company.
About Alabama Graphite:
Alabama Graphite Corp., through its wholly-owned subsidiary, Alabama Graphite Company Inc., is a graphite exploration and development company whose flagship project "The Coosa Graphite Project" in Coosa County, Alabama is 40,000 acres located in an area with significant historical production of crystalline flake graphite. For further details go to www.alabamagraphite.co.
ALABAMA GRAPHITE CORP.
Daniel Spine, CEO
Danny Gravelle, Investor Relations
The Canadian National Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
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