Reno, Nevada - May 22, 2012 - EMC Metals Corp. (the "Company" or "EMC") (TSX: EMC) announced today the resignation of Daniel Wolfus from the board of directors of EMC Metals Corp. Mr. Wolfus is currently a Director of Midway Gold Corp. (TSX.V & NYSE.A: MDW), and has served as a Director of EMC since 2009. Mr. Wolfus is resigning this board position for health and personal reasons.
Mr. William B. Harris, Chairman of EMC commented as follows:
"The EMC board sincerely thanks Dan Wolfus for his significant contributions during his time with Company. Dan's experience within both the financial and natural resource sectors proved a valuable asset to EMC over the last three years; he has been a consistently helpful business advisor to the board and management, helping to lay strategic groundwork for the Company's ongoing progress. We wish him well in his future endeavors."
About EMC Metals
EMC owns a 100% interest in the Springer tungsten mine in Nevada, USA. Strong tungsten prices and tight supply conditions, combined with the refurbished mill and existing tungsten resource on the property, support a strategy to seek a near term restart of the Springer facility. EMC also owns a 50% earn-in right on the Nyngan Scandium Project in NSW, Australia and 100% interest in the Carlin Vanadium property near Carlin, Nevada. All three properties have current NI 43-101 compliant resource estimates, available on the Company website and on SEDAR.
On February 29th, 2012, EMC announced that its earn-in on the Nyngan Scandium Project was rejected and would be taken to dispute with our partner. EMC continues to aggressively pursue our right to a 50% project earn-in, both through direct discussions with our partner and through a formal dispute process. We maintain that all project earn-in conditions outlined under the JV Agreement have been met, and subject to satisfactory agreement, EMC will take all lawful steps to secure its proprietary rights to a 50% joint venture interest. The parties remain in discussion on the matter.
The technical information in this news release has been reviewed by Willem Duyvesteyn, a Qualified Person as defined by National Instrument 43-101. Mr. Duyvesteyn is employed by EMC Metals Corp.
For additional information please contact:
EMC Metals Corp.
Investor Relations-Nevada: (775) 355-9500 or firstname.lastname@example.org , or
Sara Boatright Patterson, Windward Global, Charlotte, NC -1-704-588-8600
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This press release contains forward-looking information that does involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements regarding long term prices for tungsten, our ability to find and retain qualified management and key technical persons to operate the tungsten project, our ability to raise the necessary capital to fund a restart of mining operations, the short term or long term economic feasibility of tungsten production at our Springer facility, and in general statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. Forward-looking information in this press release is based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice, and by other risk factors disclosed in our public filings. Except as required by law, EMC assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.