Mawson West Appoints Non-Executive Director

26/01/2015     Page view:134

PERTH, AUSTRALIA--(Marketwired - Jan. 26, 2015) - Mawson West Limited (TSX:MWE) ("Mawson West" or "the Company") announces the appointment of Jesus Fernandez as a Non-executive Director of the Company.

Upon the completion of the equity financing with Galena Asset Management S.A ("Galena") on 18 December 2014, Mawson West provided Galena the right to appoint a nominee to its Board, subject to receiving necessary regulatory approvals. The appointed nominee is Jesus Fernandez.

Mr Fernandez is Principal at Galena Asset Management S.A and is the head of the M&A team for the Trafigura Group. Mr Fernandez joined the Trafigura Group in June 2004 and has 15 years of experience in mining investments and financing. Prior to joining the Trafigura Group, Mr Fernandez worked in the project finance team at an IPP in London.

Mr Fernandez has a Master of Science degree (Finance and Investment) from the University of Exeter and a Licenciatura (Economics degree) from the Universidad de Cantabria, Spain.

Mawson West Chairman Anthony Lloyd commented: "It is with pleasure that I announce the appointment of Mr Jesus Fernandez as a Non-executive Director to the Board of Mawson West. Mr Fernandez's expertise in mining investments will provide valuable support to the Company as we progress towards steady state production from our Kapulo copper project in the Democratic Republic of Congo."

Mr Fernandez's appointment is subject to approval by the Toronto Stock Exchange.

About Mawson West

Mawson West is a copper and silver-focused resource company listed on the Toronto Stock Exchange (TSX) and based in Perth, Australia.

The Company's two key projects are the Dikulushi copper-silver mine, which is currently on care and maintenance, and the Kapulo copper mine located in the South Eastern province of the Democratic Republic of Congo (DRC). Mawson West also continues to focus on exploring multiple prospective targets located within its significant land holding of approximately 7,300km2 in the DRC's rich copper belt.

About Galena

Galena Asset Management S.A. is a Switzerland based fund manager operated by independent specialist management as part of the Trafigura Group. Galena seeks to draw on the commodity, metals and mining and technical expertise of the Trafigura Group in managing a number of fund products. The Galena Private Equity Resources Fund LP, closed in September 2014 is a US$400 million closed-end Cayman Islands limited partnership designed to invest in the natural resources sector. Galena invests in late stage and producing assets in a variety of jurisdictions and commodities around the globe

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