MacDonald Mines Appoints Officers

MacDonald Mines Exploration Ltd. (TSX-V: BMK) (“MacDonald Mines” or the “Company”) is pleased to announce the appointment of the following officers:

  • Mr. Richard E. Schler, MBA, has been appointed as Chief Executive Officer
  • Mr. Quentin Yarie, P. Geo., has been appointed as President and Chief Operating Officer
  • Mr. Peter D. Liabotis, CPA, CA, has been appointed as Chief Financial Officer

Richard E. Schler as Chief Executive Officer

Mr. Schler has worked for the Company and been a director since October 2003. During that period he held various positions including Chief Financial Officer and Chief Operating Officer. Before joining MacDonald Mines, Mr. Schler held various senior management positions with noted corporations in the manufacturing sector. Mr. Schler has over 30 years of financial management, engineering and business operations experience, he holds a MBA (Masters of Business Administration) from Western University with a background in Mechanical Engineering.

Quentin Yarie as President and Chief Operating Officer

Mr. Yarie has served as the Company’s Senior Vice President of Exploration since January 2010 and as a director since February 2011. An experienced geophysicist and a successful entrepreneur, Mr. Yarie has over 20 years of project management and business development experience in the mining and environmental/engineering sectors, and has held positions of increasing responsibility with a number of Canadian-based geophysical service providers. From 1992-2001 Mr. Yarie was a partner of a specialized environmental and engineering consulting group where he managed a number of large projects including the ESA of the Sydney Tar Ponds, the closure of the Canadian Forces Bases in Germany and the Maritime and Northeast Pipeline project.

Peter D. Liabotis as Chief Financial Officer

Mr. Liabotis has worked for the MacDonald Mines since 2009. Mr. Liabotis is a Canadian Chartered Professional Accountant with over 16 years of post-qualification experience. Mr. Liabotis articled for both KPMG and PriceWaterhouseCoopers and served as Senior Vice President, Chief Financial Officer for Olympia Capital from 1998 to 2008. Mr. Liabotis’ diverse and international work experience has encompassed the mining, retail, manufacturing, investment funds, and insurance sectors.

About the Company

MacDonald Mines is a mineral exploration company with an established exploration history in the Canadian Northlands. MacDonald Mines has set upon a strategic direction of exploration with particular focus on nickel, chrome, copper, zinc, vanadium and titanium in the “Ring of Fire” area of the James Bay Lowlands of Northern Ontario.

More detailed information about the Company is available on the website: www.macdonaldmines.com

Contact Information:
Quentin Yarie, President and Chief Operating Officer
(416) 364-4986 (PHONE), (416) 364-2753 (FAX)
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Brent Nykoliation, Senior Vice President - Business Development
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Cautionary Statement Regarding Forward-Looking Statements

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.