Lake Victoria Mining Company, Inc. (LVCA:OTCBB)("Lake Victoria"
or the “Company”) is pleased to report that Dr. David Ralph Webb
has joined the Board Of Directors of the Company.
David Webb is a registered Professional Geologist in the NWT
Canada and has spent the past 25 years as president of DRW
Geological Consultants Ltd. providing technical and operating
services to companies in the mining exploration, development and
production industry.
David Kalenuik, President and CEO of Lake Victoria expressed;
“Based on the stage of development that the Company is at we will
truly benefit with Dr. Webb joining our Board of Directors. Dr
Webb’s experience on the business side of public companies,
including intimate technical knowledge of what it takes to bring a
gold project into production will be invaluable to the Company as
it progresses to successfully putting the first of it’s projects
into gold production.”
In this capacity he has served as a director and president to
three different mining companies and provided consulting services
to dozens of other mid-tier and junior companies, most recently
having been a director and president of Tyhee Gold Corp, leading it
to the discovery and development of its multi-million ounce
Yellowknife Gold Project, currently in permitting.
Prior to that Dr Webb bought, discovered the extension of a
high-grade gold zone, and provided all geological services in
developing Mon Gold Mine, a privately owned remote underground gold
mine north of Yellowknife, NWT. The Mon Gold Mine produced from
1989 to 1997 and was successfully reclaimed.
He also was senior geologist and later president during the
construction and operation of the Bumbat Gold Mine in Mongolia.
Dr Webb has co-authored the qualifying report on Fortune
Minerals Limited’s Nico Property, recommending acquisition. This
gold, cobalt, bismuth property is currently in the permitting
stage.
He graduated from the University of Toronto with a B.A.Sc.
(engineering), winning scholarships and bursaries for the highest
marks in third and fourth year field courses. He has a M.Sc. from
Queens University and a Ph.D. from the University of Western
Ontario in Geological Sciences. He was a board member for the NWT
and Nunavut Chamber of Mines, member of the Education Committee for
the Association for Mineral Exploration, B.C., Blockwatch Captain
in Surrey, B.C., and member of NAPEGG, CIM, PDAC, AMEBC, SEG.
About the CompanyLake
Victoria Mining Company, Inc. is working to create another gold
mine in the world famous Lake Victoria Greenstone Belt, Tanzania,
East Africa. Tanzania is Africa's third largest gold producer,
behind South Africa and Ghana, but also has reserves of uranium,
nickel and coal. Gold exports alone earned it $1.46 billion in
2010, up from $1.076 billion the previous year. Lake Victoria holds
nine prospective gold projects and five uranium projects within its
Tanzania property portfolio. Additional information regarding the
Company is available on the corporate website at:
www.lakevictoriaminingcompany.com or by contacting:
Lake Victoria Mining Company, Inc.
David T. Kalenuik, President & CEO
Phone: 303-586-1390
Email: info@lvcamining.com
DisclaimerThis news release may contain forward-looking
statements or information within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and within the
meaning of Canadian provincial securities laws applicable to the
Company. Forward-looking statements are typically identified by
words such as: believe, expect, anticipate, intend, estimate,
postulate and similar expressions, or are those, which, by their
nature, refer to future events. Forward-looking statements or
information are subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those
reflected in the forward-looking statements or information,
including, without limitation, risks and uncertainties relating to
obtaining financing to meet the Company's exploration programs and
operating costs during its exploratory stage, the interpretation of
exploration results and the estimation of mineral resources and
reserves, the geology, grade and continuity of mineral deposits,
the possibility that future exploration, development or mining
results will not be consistent with the Company's expectations,
accidents, equipment breakdowns, title matters, or other
unanticipated difficulties with or interruptions in production and
operations, the potential for delays in exploration or development
activities or the completion of feasibility studies, the inherent
uncertainty of production and cost estimates and the potential for
unexpected costs and expenses, commodity price fluctuations,
currency fluctuations, regulatory restrictions, including the
inability to obtain mining permits and environmental regulatory
restrictions and liability, the speculative nature of mineral
exploration, dilution, competition, loss of key employees, and
other risks and uncertainties, including those described under
"Risk Factors" in the Company's Annual Report on Form 10-K filed on
June 29, 2012, which is on file with the Securities and Exchange
Commission, as well as the Company's periodic filings available at
www.sec.gov and with Canadian Securities Administrators at
www.sedar.com. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in
forward-looking statements. Accordingly, readers are advised not to
place undue reliance on forward-looking statements or information.
The Company does not undertake any obligation to release publicly
revisions to any "forward-looking statement," to reflect events or
circumstances after the date of this news release, or to reflect
the occurrence of unanticipated events, except as is required under
applicable securities laws.
Cautionary note to U.S. Investors - The United States Securities
and Exchange Commission permits U.S. mining companies, in their
filings with the SEC, to disclose only those mineral deposits that
a company can economically and legally extract or produce. We use
certain terms on this press release, such as "mineralized zones"
which the SEC guidelines strictly prohibit U.S. registered
companies from including in their filings with the SEC. U.S.
Investors are urged to consider closely the disclosures in our
annual report on Form 10-K. This news release does not constitute
an offer to sell or a solicitation of an offer to buy any of the
securities of the Company in the United States, nor shall there be
any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities offered have
not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any U.S. state securities laws and may not be offered or sold
within the United States or to, or for the account or benefit of,
U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or unless an exemption from such
registration is available.
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