OTTAWA, ONTARIO--(Marketwired - May 3, 2013) - Mr. Gary Economo, President and Chief Executive Officer, Focus Graphite Inc., (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) (the "Company") is pleased to announce the appointment of Mr. Jeff Hussey as Vice President, Project Development for the company's high-grade, high-purity Lac Knife graphite mining development project located south of Fermont, Quebec. His appointment is effective May 1, 2013.
Mr. Hussey earned his B.Sc in Geology from the University of New Brunswick and is a consulting geologist with 28 years domestic and international open pit, underground operations and project management experience.
He holds a Six Sigma Black Belt certification in process optimization and quality control, and is based in Montreal.
"Jeff is a solution-oriented individual who brings a wealth of mining management and operations experience to our Lac Knife project," said Mr. Economo. "And as an innovator with experience in the planning and execution of mining startup operations, his credentials dovetail with Focus Graphite's vision and mission."
"We welcome Jeff to our management team and look forward to his participation in our project development activities," Mr. Economo added.
Mr. Hussey's project management experience includes open pit and surface works contract management and optimization projects in the Concentrator and Surface Project Departments at Xstrata's Raglan nickel mine.
During the massive Antamina copper-zinc mine construction and commissioning in Peru, he managed ore control for the various ore types and waste rock management for construction materials and environmental purposes. Regional exploration projects included volcanogenic massive sulphide, porphyry copper and skarn compilations of the Brunswick Belt of properties, the Gaspe Peninsula and the Eastern Townships of Quebec.
Additionally, he has worked for Champion Iron Mines and participated in the Fire Lake North Project from project acquisition to exploration and development. The project is now at the pre-feasibility stage and through the exploration to development process he has become very familiar with the various stakeholders in the Fermont and Sept Isles area, as well as being involved in public and investor relations.
The Company also announces the granting of options to purchase in the aggregate 2,937,500 common shares of the Company to employees, directors, officers, and consultants. Each option entitles the holder to purchase one common share of the Company at the price of $0.66 per share, which is the closing price of the Company's common shares on May 2, 2013.
About Focus Graphite Inc.
Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Côte-Nord region of northeastern Québec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated mineral resource of 4.972 Mt grading 15.7% carbon as crystalline graphite with an additional Inferred Mineral Resource Estimate of 3.000 Mt grading 15.6% crystalline graphite. Focus' goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On October 29 th , 2012 the Company released the results of a Preliminary Economic Analysis ("PEA") of the Lac Knife project which demonstrates that the project has an excellent potential to become a producer of graphite. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus invests in the development of graphene applications and patents through Grafoid Inc.
Forward Looking Statements - Disclaimer
This news release may contain forward looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com Focus Graphite disclaims any intention or obligation to revise or update such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
