Eduardo Luna Appointed to Creston's Advisory Board
18 January 2011 - 11:00PM
Marketwired Canada
Creston Moly Corp. ("Creston" or the "Company") (TSX VENTURE:CMS) is pleased to
announce the appointment of Eduardo Luna to its Advisory Board, effective
immediately.
"We are extremely pleased to have Mr. Luna join our Advisory Board," said Bruce
McLeod, President & CEO of Creston. "His wealth of experience in developing
mineral assets in Mexico will be an invaluable asset to the Company as we move
the El Creston molybdenum project towards production."
Mr. Luna is currently Executive Vice President and President, Mexico for Primero
Mining Corp. Mr. Luna was Chairman of Silver Wheaton from October 2004 to May
2009 (and was Interim Chief Executive Officer from October 2004 to April 2006),
Executive Vice President of Wheaton River from June 2002 to April 2005,
Executive Vice President of Goldcorp from March 2005 to September 2007 and
President of Luismin, S.A. de C.V. from 1991 to 2007. He holds a degree in
Advanced Management from Harvard University, an MBA from Instituto Tecnologico
de Estudios Superiores de Monterrey and a Bachelor of Science in Mining
Engineering from Universidad de Guanajuato. He has held various executive
positions with Minera Autlan for seven years and with Industrias Penoles for
five years. He is the former President of both the Mexican Mining Chamber and
the Silver Institute. In addition, he serves as Chairman of the Advisory Board
of the Faculty of Mines at the University of Guanajuato and of the Mineral
Resources Council in Mexico.
On Behalf of the Board of Directors
CRESTON MOLY CORP.
D. Bruce McLeod, President & CEO
Forward-Looking Statements
This document may contain "forward-looking statements" within the meaning of
Canadian securities legislation and the United States Private Securities
Litigation Reform Act of 1995. These forward-looking statements are made as of
the date of this document and Creston does not intend, and does not assume any
obligation, to update these forward-looking statements.
Forward-looking statements relate to future events or future performance and
reflect Creston management's expectations or beliefs regarding future events and
include, but are not limited to, statements with respect to the estimation of
mineral reserves and resources, the realization of mineral reserve estimates,
the timing and amount of estimated future production, costs of production,
capital expenditures, success of mining operations, environmental risks,
unanticipated reclamation expenses, title disputes or claims and limitations on
insurance coverage. In certain cases, forward-looking statements can be
identified by the use of words such as "plans", "expects" or "does not expect",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or statements that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved" or the
negative of these terms or comparable terminology. By their very nature
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
Creston to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. Such
factors include, among others, risks related to actual results of current
exploration activities; changes in project parameters as plans continue to be
refined; future prices of resources; possible variations in ore reserves, grade
or recovery rates; accidents, labour disputes and other risks of the mining
industry; delays in obtaining governmental approvals or financing or in the
completion of development or construction activities; as well as those factors
detailed from time to time in Creston's interim and annual financial statements
and management's discussion and analysis of those statements, all of which are
filed and available for review on SEDAR at www.sedar.com. Although Creston has
attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or results not
to be as anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements.
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