TORONTO, ONTARIO--(Marketwire - Aug. 9, 2012) - Belo Sun Mining Corp. (TSX:BSX) (the "Company" or "Belo Sun") is pleased to announce the addition of three new key individuals to its management team: Ian Pritchard, who has been appointed as the Company's Chief Operating Officer, Joaquim Alvarenga who has been engaged as General Manager of Operations Brazil and Donald W. Clarke who has been engaged as an Advisor to Belo Sun.
"Each of Mr. Pritchard, Mr. Alvarenga and Mr. Clarke brings a wealth of experience to their respective positions with the Company," stated Mark Eaton, President and Chief Executive Officer of the Company. "We are very excited that Belo Sun will benefit from their leadership and expertise as the Company proceeds into its key engineering stage."
Mr. Pritchard is a professional with over 20 years of experience in project and operations management in the mining industry both in North America as well as internationally, including, in particular, Brazil. Mr. Pritchard's mining experience includes the management of pre-feasibility and feasibility studies, engineering, procurement and construction management projects. He has held senior executive positions at various organizations worldwide including SNC-Lavalin and De Beers Canada.
Mr. Alvarenga is a professional mining engineer with over 15 years of experience in mine operations, project management and engineering in Brazil. He has held senior positions with companies such as Alcoa Inc, Yamana Gold Inc. and Anglo American plc.
Mr. Clarke is a professional mining engineer with more than 30 years of experience in project and operations management both in North America and internationally, including over 18 years of experience in Brazil as director of construction and project manager in all aspects of operations and design for mineral plants. He has executive and advisory positions with various organizations including Yamana Gold Inc.
About the Company
Belo Sun Mining Corp. is a Canadian-based mineral exploration company with a portfolio of properties focused on gold in Brazil. Belo Sun's primary focus is on advancing and expanding its 100% owned Volta Grande Gold Project, located in Para State. Belo Sun trades on the TSX under the symbol "BSX". For more information about Belo Sun please visit www.belosun.com.
Cautionary Statement on Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the impact of these appointments on the Company and its future success. . Generally, forward-looking information can be identified by the use of forward-looking terminology 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 state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.belosun.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information 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 information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.