Cross appoints new CFO
VANCOUVER, BRITISH COLUMBIA — Cross Exploration & Mining Corp. (TSX: CXX) (AMEX: CXZ) (the “Company”) is pleased to announce the appointment of Mr. Joseph Miller, CMA, as chief financial officer.
Mr. Miller has over 20 years experience in financial management of public enterprises, including many energy and resources companies based in Alberta. Prior to joining Cross, Mr. Miller was the chief financial officer of GPS Industries Inc. and was responsible for overall financial management of the company, including internal and external audit reports and public SEC reports and deposits, and the opening of the Sarbanes Oxley identification programme and focusing on high-risk processes and controls. From 1999 to 2007, Mr. Miller was employed by TransAlta Corporation of Calgary, Alberta, first as director of financial planning and analysis, then as Director of financial operations. Mr. Miller received his CMA designation in 1992 and is a member of Certified Management Accountants of BC. He received his degree in business administration from Mount Royal College in 1989.
The Company has granted to Mr. Miller, under its stock option plan, options to purchase up to 150000 shares at a price of $ 0.50 per share. The options are subject to vesting over a period of two years and have an expiry date of 1 August 2013.
The Company wishes to thank Mr. Douglas R. Brett for his service as chief financial officer. Mr. Brett left the Company to better focus on its role as CFO of Santa Fe Metals Corp.
About Cross
Cross is a dominant player in the exploration for uranium in the central mineral belt of Labrador - Canada’s most promising emerging uranium district. The 720 square kilometres CMB uranium is hosting the project to potentially three types of uranium mineralization - iron oxide copper gold (IOCG - Olympic Dam), structurally controlled or shear zone and unconformity types of mineralization. Eighty-two per cent of CMB cross ownership and all its resources currently defined (including two-time zone) are not covered by land Labrador Inuit. These assets are not directly affected by the Nunatsiavut Government’s recent decision to place a three-year moratorium on uranium mining within their self-governed land of the Inuit of Labrador.
For more information about the Company and its properties, please visit the website at www. Crosshairexploration.com.
On behalf of the Council
Mark J. Morabito, CEO
Cautionary Note Regarding Forward-Looking
Information statements in this press release May to forward-looking statements under securities laws. The forward-looking statements are statements that relate to the future, not past, events. In this context, forward-looking statements often address expected future business and financial results, and often contain words such as “anticipate,” “believe,” “plan,” estimate “,” expect ” and “intend”, statements that an action or event “May”, “could”, “could”, “should” or “will” take it or occur, or other similar expressions . By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that cause May our actual results, performance or achievements or other future events to be materially different from any results , Performance or achievements expressed or implied by such forward-looking statements. These factors include, inter alia, the following risks: the risks associated with litigation pending, if any, risks associated with development projects, the need for a additional funding; operational risks associated with mining and mineral processing, fluctuations in uranium, gold and other prizes; title, the environment and requests for repair, insurance; dependence on the respect of key personnel, the risk of conflicts of interests between certain officers, directors or promoters of some other projects, the absence of dividends; competition; dilution, the volatility of our share price and volume and the tax consequences U.S. shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on when the statements are made and the Company does not undertake to update forward-looking statements if these beliefs, the estimates and opinions or other circumstances should change. Investors are cautioned against awarding undue certainty to forward-looking statements.
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