Feb 01, 2012
Elissa Resources Announces New Director Appointment
Vancouver, Canada, February 1, 2012 - Elissa Resources ("Elissa" or the "Company") (OTCQX-ELSRF, TSX.V-ELI) and the board of directors are very pleased to announce the appointment of Ms. Kerry Suffolk as a director of the Company. Ms. Suffolk is a mining executive with over 17 years of mining industry experience in treasury, finance, tax, corporate development and investor relations. Ms. Suffolk is currently managing investor relations and finance at B2Gold Corp. and serves on the Board of Directors of the Canada, Australia & New Zealand Business Association.
Prior to joining B2Gold Corp., from 2003 to 2006, Ms. Suffolk held various senior positions with Bema Gold Limited and Placer Dome Inc. and between 1994 and 2003 she held various senior positions with AurionGold Limited and Delta Gold Limited. Ms. Suffolk holds a Bachelor of Commerce and earned her Chartered Accountant designation in Australia in 2003.
In connection with this appointment, the Company has also granted 100,000 stock options pursuant to its Stock Option Plan at the exercise price of $0.21 each for a term of 5 years.
About Elissa Resources Ltd.
Elissa Resources is advancing its 100%-owned Thor heavy and light rare earth element project in Nevada, 16 miles (28 km) east of Molycorp Minerals' Mountain Pass deposit and processing facility in California. Strongly represented at the Thor project are 14 of the 17 rare earth elements including the 4 that have been deemed as being in critical short supply by the U.S. Department of Energy: neodymium (Nd), terbium (Tb), dysprosium (Dy), and yttrium (Y). Additionally, Elissa has an option to earn a 100% interest on both the Sage Creek (Idaho) and St. Elmo (Nevada) gold projects.
On behalf of the Board of Directors,
President & CEO
Tel: +1 604 662 3692
Fax: +1 604 642 2929
email@example.com or visit www.elissaresources.com
2060 -- 777 Hornby Street,
Canada, V6Z 1T7
Disclaimer: Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable. 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. 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 accuracy of this release. We seek safe harbour.
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