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January 17, 2014 – Cougar Minerals Corp. – TSX-V: COU (“Cougar” or the “Company”) is pleased to announce the appointment of Mr. Larry Segerstrom to the Board of Directors and the position of Qualified Person (QP), as that term is defined under National Instrument 43-101, for work programs carried out over the Company properties.
Mr. Segerstrom is a professional geologist with more than 30 years of experience in mining industry including 20 years in exploration and 12 years in senior management with large domestic and international mining operations. Larry holds a M.Sc. in Geology, and a M.B.A in International Management.
Previous assignments include Manager of Geologic Services Group for Freeport-McMoRan from 1999 to 2003, where he managed all onsite geologic activities in the world-class Grasberg Mining District in Indonesia, including open pit and underground mine geology and district exploration. He was general manager of Layne Christensen drilling company’s highly successful Mexican subsidiary from 1993-1999.As a geologist for Newmont, Noranda and Phelps Dodge from 1976-1993, Larry conducted greenfield and brownfield exploration, evaluation and development in diverse geologic settings in western U.S., Mexico and Chile, including epithermal precious metal (low and high sulfidation), mesothermal shear-hosted gold, iron oxide copper-gold, polymetallic replacement, copper porphyry/skarn and porphyry molybdenum.
Mr. Segerstrom has a B.S. (Geology) fromColorado State University, an M.S. (Geology) fromUniversity of Arizona, and an M.B.A. from Thunderbird, The Garvin School of International Management (2005). He is a Fellow of theSociety of Economic Geologists and is certified as a Project Management Professional by the Project Management Institute.. Mr. Segerstrom is based in the United States and is fluent in Spanish, which will prove valuable in identifying and evaluating potential gold projects in Latin America and the United States.
Murray Nye, the president and CEO of “Cougar” states: “I am very pleased that Larry is now part of the Cougar team. He is a very dedicated person and possesses a strong interest and passion for the mining industry. He brings solid experience and a lineup of successes which serve to enhance Cougar’s future.”
Mr. Larry Segerstrom comments, “I look forward to working with the Cougar board and management team on the existing portfolio of projects and assisting with generation of new business development options for the Company and its shareholders. I believe the current market conditions provide an opportunity for an aggressive and systematic review of new assets”.
Ross Blusson and Derek Huston have resigned from the Board of Directors. The Company thanks both Mr. Blusson and Mr. Huston for their valuable service and contributions, and are pleased to receive their continued support to the Company as members of the advisory board.
The Company has granted 1,200,000 incentive stock options to directors, employees and consultants of the Company at an exercise price of $0.18 per common share expiring five years from the date of grant, January 16, 2014. The options are being granted pursuant to the Company’s incentive stock option plan which was approved by shareholders on June 20, 2013 and are subject to any necessary regulatory or stock exchange requirements.
The TSX Venture Exchange, nor its Regulation Services Providers (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied in the forward-looking information.