TORONTO, ONTARIO, Mar. 1, 2010 (Marketwire) -- Waymar Resources Ltd. (TSX VENTURE:WYM) ("Waymar" or the "Corporation") is pleased to announce that it has appointed Mr. Pablo Marcet as President of the Corporation, subject to the approval of the TSX Venture Exchange. Mr. Marcet has over 20 years of experience in mining, exploration and project development. He participated in the start-up of the giant Escondida copper mine in Chile and held various managerial positions for BHP Billiton in East Africa and in South America. From 2003 to 2007 he was president of Northern Orion's Minera Agua Rica. Northern Orion was sold to Yamana Gold in 2007 for a fully diluted amount of $1.6 Billion. Mr. Marcet holds a Masters degree in economic geology from Harvard and an MBA from the University of Phoenix. Mr. Steven Mintz has resigned as President and CEO of the Corporation, but will remain a consultant to the Corporation.
In connection with his appointment as President of Waymar, the Corporation has granted to Mr. Marcet an aggregate of 500,000 stock options, each entitling Mr. Marcet to acquire one common share of Waymar at a price of $ 0.35 until March 1, 2013.
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