VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 14, 2005) - John Greenslade, President of Baja Mining Corp. (the "Company") (TSX VENTURE:BAJ), is pleased to advise of the appointment of Mr. Ross Glanville as an Additional Director to the Company's Board of Directors as of April 12, 2005. Mr. Glanville graduated from the University of British Columbia in 1970 with a Bachelor of Applied Science Degree (Mining Engineering) and became a member of the Association of Professional Engineers of British Columbia in 1972 (P.Eng.). In 1974, he obtained a Master of Business Administration Degree (MBA), specializing in finance and securities analysis. In 1980, he became a member of the Certified General Accountants of B.C. (CGA). Mr. Glanville has thirty-five years of experience in mining, exploration, finance, marketing, and management, and held senior executive positions with major and junior mining and consulting companies. As an independent consultant over the past twenty years, Mr. Glanville has specialized in valuations of exploration/development/mining companies and properties; and has also provided many fairness opinions, and acted as an expert witness in court cases involving valuation disputes related to financial and technical issues.
Mr. Glanville has valued more than 500 mining and exploration companies in Canada, the U.S.A., Australia, and Mexico, as well as over 150 in many other areas of the world, including Africa, South America, Europe, and Asia. He has formed public companies (listed on the Toronto Stock Exchange, the Australian Stock Exchange, NASDAQ, and the TSX Venture Exchange) and has served on the Boards of Directors of three companies with producing mines. Mr. Glanville has also acted in more than 50 court cases and assessment appeal board hearings in Canada, the U.S.A., Australia, and the U.K. He has written several articles, and given many presentations, related to the valuation of exploration and mining companies. Some of these articles were published by the United Nations, the Society of Mining Engineers, and by various Canadian magazines and newspapers.
Mr. Glanville has provided a large number of fairness opinions (more than 200) for mergers, amalgamations, and acquisitions of public and private companies. These assignments were undertaken for investment dealers, regulatory bodies (including stock exchanges), banks, various government agencies, venture capital firms, forestry companies, mining and exploration companies, oil and gas companies, and others. The Company will grant Mr. Glanville incentive stock options to purchase 310,000 shares at a price of $0.75 per share for a period of five years.
The Company also announces the resignation, as at April 22, 2005, of Mr. Thomas Pressello. Mr. Pressello has served as Director and Chief Financial Officer ("CFO") of the Company since January 22, 2004. Mr. Pressello will not be seeking re-election at the forthcoming Annual General Meeting of the Company on June 2, 2005, but will remain an active member of the Board until such time. The Company would like to thank Mr. Pressello for his contributions and wishes him well in all of his current and future endeavors. Mr. Robert Mouat has been appointed as interim CFO effective April 22, 2005.
ON BEHALF OF THE BOARD OF DIRECTORS OF BAJA MINING CORP.
JOHN W. GREENSLADE, PRESIDENT
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.
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Baja Mining Corp.
Baja Mining Corp.
Baja Mining Corp.