|By Marketwired .||
|July 31, 2013 12:19 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/31/13 -- Canamex Resources Corp. (the "Company") (TSX VENTURE:CSQ) (OTCQX:CNMXF) (FRANKFURT:CX6) is pleased to announce the appointment of Dr. Dean McDonald to its Board of Directors. A seasoned industry professional, Dr. McDonald, Ph.D., P.Geo serves as Hecla Mining Company's Senior Vice President-Exploration. "Dean is experienced in all aspects of mineral exploration, and is a welcome addition to the team as we continue to progress our Bruner Gold Project in Nye County, Nevada," stated Company Chairman and CEO Robert Kramer.
On November 21, 2012, Canamex announced a strategic investment from Hecla Canada Ltd. of 14 million common shares issued at a price of 18 cents per share for gross proceeds of $2.52 million, representing 14.84 percent of the Company's outstanding shares at closing. For so long as Hecla holds more than 10 percent of Canamex's outstanding shares (on an undiluted basis), Hecla has the right to maintain its significant interest in the Company and nominate one person to the board.
About Dr. Dean McDonald, Ph.D., P.Geo
Dean McDonald is experienced in all aspects of mineral exploration from grass roots programs through to feasibility studies, ore reserve estimations, and has experience in operations. Prior to Dean's employment with Hecla Mining Company, he was Vice-President Exploration and Business Development for Committee Bay Resource Ltd., and was Exploration Manager for Miramar Mining Corporation and Northern Orion Explorations from 1996 to 2003. From 1990 to 1995 he was Superintendent Technical Services at the Con Mine for Miramar Mining/Nerco Minerals.
Dean obtained his Bachelor of Science Degree from McMaster University, and completed a Master's in Economic Geology at the University of New Brunswick. He completed a Ph.D. in Mineral Deposits Geology at the University of Western Ontario.
ON BEHALF OF THE BOARD
Robert Kramer, Chairman and CEO
Neither the 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.
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