Forsys Appoints Johan de Bruin as Chief Geologist
TORONTO, ONTARIO -- (Marketwire) -- 11/22/11 -- Forsys Metals Corp. (TSX: FSY)(FRANKFURT: F2T)(NSX: FSY) ('Forsys' or the 'Company') is pleased to announce the appointment of Johan de Bruin as the new Chief Geologist for its Namibian operations.
Mr. De Bruin is an experienced and professionally registered Geologist/Mining Engineer with a Master's Degree in Mining Engineering from The University of the Witwatersrand in Johannesburg, South Africa. Mr. De Bruin has 24 years of mining industry experience in underground and opencast mining and exploration project management including uranium, gold and coal. Mr. De Bruin has gained valuable global experience whilst in the employment of key uranium companies including Paladin Energy Limited and Uranium One and gold producers including AngloGold Ashanti and Harmony Gold Mining.
Forsys' CEO, Marcel Hilmer commented, 'Mr. De Bruin is an exceptional professional geologist with extensive mining industry experience. We are thrilled he is joining our senior management team and believe he will make a great contribution to the Company's future success. Further, we would like to thank Roger Laine for his invaluable contribution to Forsys as outgoing Chief Geologist. We wish him the best in his retirement and future endeavours'.
About Forsys Metals Corp.
Forsys Metals Corp. is an emerging uranium producer with 100% ownership of the fully permitted Valencia Uranium Project and currently a 70% ownership in the Namibplaas Uranium Project in Namibia, Africa a politically stable and mining friendly jurisdiction. Information regarding current National Instrument 43-101 compliant resource and reserves at the Valencia and Namibplaas Uranium Project's is available on our website.
On behalf of the Board of Directors of Forsys Metals Corp.
Marcel Hilmer, Chief Executive Officer
Sedar Profile #00008536
(11-13)
Forward-Looking Information
This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause Forsys actual results to differ materially from those expressed or implied by such forward looking statements: fluctuations in uranium prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology; continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; recovery rates, production estimates and estimated economic return; general market conditions; the uncertainty of future profitability; and the uncertainty of access to additional capital. Full description of these risks can be found in Forsys Annual Information Form, dated March 29, 2011, available on the Company's profile on the SEDAR website at www.sedar.com. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward looking information should circumstances or management's estimates or opinions change.
Shares Outstanding: 80,130,231
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Forsys Metals Corp.
Marcel Hilmer
Chief Executive Officer
61 417 177 942
mhilmer@forsysmetals.com
www.forsysmetals.com
TMX Equicom
Nisha Hasan
1 416-815-0700 ext. 258
nhasan@equicomgroup.com