Press release from Marketwire
Anglo Aluminum Appoints New Director and Grants Stock Options
Wednesday, April 28, 2010
Anglo Aluminum Appoints New Director and Grants Stock Options17:18 EDT Wednesday, April 28, 2010VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2010) - Anglo Aluminum Corp. (TSX VENTURE:ALU) is pleased to announce that Russell Williams has joined its Board of Directors. Trained as a mechanical engineer at the University of Manchester, Mr. Williams spent 30 years with Alcoa Inc., a producer of primary aluminum, fabricated aluminum and alumina, working in a wide range of roles from engineering to maintenance and human resources. In his final three years with Alcoa, Mr. Williams was based in Pittsburgh and was President of Boke Service, the managing company of Company Bauxite de Guinee (CBG), which is the Alcoa JV in Guinea, and in that role was responsible for all activity at the operations in Guinea. Prior thereto, Mr. Williams was involved in all aspects of bauxite production for the company ranging from exploration through to project development and operations. He managed the West Australian bauxite mining operations, then had oversight of all of Alcoa's global mining activity in Brasil, Jamaica and Suriname, and during this period was responsible for the initial development of the Juruti bauxite mine in Brasil which was recently commissioned. On behalf of the Board of Directors, Jim Gillis stated: "We are very pleased and privileged to have Russell join our Board of Directors - his expertise and experience will be invaluable as we move forward with our exploration and development programs."Further, the Board of Directors has granted options to Mr. Williams entitling him to purchase 400,000 of its common shares at a per share price of $0.20 for a period of five years. Shares issuable upon exercise of the options will be subject to a hold period until August 29, 2010, in accordance with applicable securities legislation.Anglo Aluminum is focused upon the development of its Koba, Koumbia and Mamou-Dalaba bauxite properties located in Guinea, West Africa, where a preliminary economic assessment (PEA) is currently being organized for its flagship projects at Koba and Koumbia. That study will investigate the economics of mining operations at Koba and/or Koumbia. Koba hosts NI 43-101 compliant Indicated resources of 343,183,000 tonnes averaging 42.78% Al2O3, 2.85% SiO2, and 27.83% Fe2O3, and an additional 63,342,000 tonnes averaging 43.81% Al2O3, 2.74% SiO2, and 26.76% Fe2O3 classified as Inferred resources. Part of the PEA will focus on defining a bauxite resource at Koumbia as well as updating the resource estimate at Koba.The technical content of this news release has been prepared under the supervision of Christopher J. Wild, who is a Qualified Person under National Instrument 43-101.On behalf of the Board of DirectorsAnglo Aluminum Corp.This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although we believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of our management on the date the statements are made. Anglo Aluminum Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, except as required by law.FOR FURTHER INFORMATION PLEASE CONTACT: Anglo Aluminum Corp. Jim Gillis 250-374-7377 www.angloaluminum.com Neither the 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 news release.