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American Manganese Inc
Symbol AMY
Shares Issued 112,725,880
Close 2015-01-14 C$ 0.015
Market Cap C$ 1,690,888
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American Manganese hires McGroarty as consultant

2015-01-15 09:26 ET - News Release

Mr. Larry Reaugh reports

AMERICAN MANGANESE INC. ENGAGES WASHINGTON CONSULTANT FOR PURSUIT OF STRATEGIC OPPORTUNITIES

American Manganese Inc. has engaged Dan McGroarty, a consultant to the rare metals sector and principal of Carmot Strategic Group. Larry Reaugh, president and chief executive officer, says, "Mr. McGroarty will play a key role in illuminating the growing strategic importance of manganese, and to identify and develop strategic opportunities in the electrolytic manganese metal, electrolytic manganese dioxide and chemical manganese dioxide arenas."

Subject to acceptance by the TSX Venture Exchange, Mr. McGroarty will be paid $5,000 per month for his consulting services, a success fee of $250,000 upon the acquisition of certain mineral rights by the company and a 2-per-cent commission on gross revenues resulting from said mineral rights. Mr. McGroarty has agreed to accept 1.8 million common shares of the company for deferral of payment of his fees until the company has sufficient cash resources. Of the shares to be issued to Mr. McGroarty, 450,000 shares shall vest on the execution of the consulting agreement, and tranches of 450,000 shares shall vest every three months thereafter.

"Manganese is clearly a key strategic metal, for which the U.S. is presently 100 per cent import-dependent," said Mr. McGroarty. "I am delighted to be working with Mr. Reaugh and his American Manganese team to bring a reliable U.S.-based supplier on-line, at a time when manganese will be in increasing demand in the energy, technology and national security sectors."

Mr. McGroarty has consulted for more than a decade with firms in the resource sector, with a focus on strategic and critical metals. As principal of the non-profit American Resource Policy Network, an experts-led resource development think tank, Mr. McGroarty provided testimony on critical metals issues to the U.S. House subcommittee on energy and mineral resources in 2011 and 2013, and to the U.S. House subcommittee on science, space and technology in 2013. Mr. McGroarty has been asked to participate in the 2015 national defence stockpile requirements report, which by statute is delivered to the Secretary of Defense and the House and Senate armed services committees.

Mr. McGroarty serves on the advisory boards of Texas Rare Earth Resources, developer of the Heavy Rare Earths Round Top deposit in southwest Texas, and Graphite One Resources, owner of the Graphite Creek deposit in Alaska. He served as a director of publicly traded U.S. Rare Earths, Inc. and its predecessor company from December, 2010, to June, 2013, and as president of the company from November, 2011, through July, 2013. He is a frequent speaker on rare earths and strategic and critical metals issues, at conferences across the United States, Canada and in China, and in television, radio and print interviews. Prior to establishing his consultancy, Mr. McGroarty served at senior levels in the U.S. government, as special assistant to the president in the White House and as presidential appointee to two secretaries of defence.

His articles and op-eds on current issues have been published in The Wall Street Journal, the New York Times, The Public Interest, National Review, Philanthropy, The Christian Science Monitor, Politico, Forbes, the Los Angeles Times, Investor's Business Daily, The Hill, the Fox News website, Policy Review and The American Spectator. He also serves as adjunct professor in the graduate school of political management at George Washington University, and as a contributing columnist on geopolitical issues at RealClearPolitics' RealClearWorld page.

"The addition of Mr. McGroarty as a consultant to the company adds a powerful influence, extensive experience and long-standing relationships within the strategic metals arena. His counsel will be extremely valuable for guiding American Manganese to its goal of becoming a domestic supplier of manganese metal," says Mr. Reaugh.

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