Mr. Patrick Laracy reports
VULCAN MINERALS INC. -- ATLAS SALT NAMES RICHARD LABELLE NEW CEO
Atlas Salt Inc., a company affiliated
with Vulcan Minerals Inc., has appointed Richard LaBelle as its new chief executive officer and director. Mr.
LaBelle has an impressive record of successful management with 40 years
mining experience including 27 years at the executive level.
Patrick Laracy has resigned as CEO of Atlas after leading a successful search for a
new CEO to take Atlas through the next stage of its development. He will remain as
chairman of Atlas with executive functions to ensure a seamless transition for Mr.
Labelle and his team.
Mr. Laracy commented: "It is extremely satisfying to have a high-calibre
developer and deal maker like Rick take the reins as CEO of Atlas. Rick will put a
team together quickly with the objective of extracting full shareholder value for the
Great Atlantic salt project. Vulcan discovered the Great Atlantic deposit and had
the vision and fortitude to pursue its delineation and development through the
creation of Atlas Salt. This journey now enters the project execution stage."
About Vulcan
Minerals Inc.
Vulcan Minerals is a precious and base metals exploration company based in St.
John's, Nfld., with strategic land positions in multiple active Newfoundland gold
exploration and development belts. The company has leveraged its exploration
exposure in most of this land position through equity ownership of other explorers
obtained by way of option and royalty agreements. It also holds approximately
30.5 per cent of the outstanding shares in Atlas Salt. Atlas Salt is finalizing a
feasibility analysis on its Great Atlantic salt deposit in western Newfoundland
strategically located in the robust road deicing market of eastern North America.
We seek Safe Harbor.
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