VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 19, 2012) - White Bear Resources Inc. (TSX VENTURE:WBR) ("White Bear" or the "Company") is pleased to announce the appointments of Mr. Darci Henrique Lindenmayer, P.Geo, and Mr. Ricardo Damm De França, C.A., MBA, to its Board of Advisors. Mr. Lindenmayer and Mr. De França will assist White Bear as the Company seeks to diversify and expand its property portfolio through the acquisition of assets in Brazil.
Darci Lindenmayer is a Professional Geologist with more than 40 years of experience in the exploration and mining industry in Brazil. Mr. Lindenmayer has a distinguished career. He headed up Vale's Exploration Division (DOCEGEO), serving as the Superintendent of Exploration, and Director of Planning. Mr. Lindenmayer also served as a Regional Director for the Brazilian Mining Agency (DNPM), heading up four separate states that included: Mato Grosso, Mato Grosso Do Sul, Goias, and Rio Grande Do Sul. Mr. Lindenmayer recently served as the General Manager of Colossus Minerals in Brazil. In that role, Mr. Lindenmayer was instrumental in securing DNPM licenses and obtaining an option agreement with a major Brazilian mining company. Mr. Lindenmayer also served as the Vice President of Exploration for Brasilca Mining Corporation.
Ricardo De França is a Chartered Accountant with almost 20 years of experience as a financial and operations controller, administration manager and financial advisor. Mr. De França has worked for several exploration and mining companies in Brazil. He recently served as the Director of Finance for Colossus Minerals. He was the Financial Controller for Kinross, Brazil and for Canico Resource Corp., prior to its acquisition by Vale S.A. Mr. De França also served as a Financial Advisor to Serabi Mining and Salinas Mining in Brazil.
Kelly Reichert, the President and CEO of White Bear, stated, "White Bear has worked extremely hard at securing a very experienced Brazilian ground team that is capable of locating and selecting significant Brazilian exploration properties. We are very excited about the opportunity of working with Darci and Ricardo and look forward to future success in Brazil."
About White Bear
White Bear is an exploration company located in Vancouver, British Columbia. White Bear has property assets in Russia and looks to expand its portfolio through the acquisition of Brazilian properties.
ON BEHALF OF THE BOARD OF DIRECTORS
Byron Coulthard, Chairman
Disclaimer for Forward-Looking Information
This press release contains forward-looking information with respect to the Company's proposed diversification in Brazil. Such forward-looking information includes statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. Such risks and uncertainties that the Company may not be able to find suitable properties in Brazil and that the economic climate or government regulation of the mineral industry in Brazil may prevent the Company from acquiring, or continuing, any property interests there. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. The Company can offer no assurance that it will be able to successfully acquire any property interests in Brazil. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
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.