TORONTO, ONTARIO — (Marketwire) — 09/27/12 — Chieftain Metals Inc. („Chieftain“ or the „Company“) (TSX: CFB) wishes to announce that Harold Bosche, P.Eng. has joined Chieftain-s owner-s team to complete the optimization phase of the feasibility study for the Tulsequah project.
Mr. Bosche has a great depth of experience in the mining industry, including feasibility and detailed design, construction, process plant start-ups, operations and maintenance. During his time as General Manager, Design in the Project Development Division of Placer Dome he worked on projects including: Musselwhite, Pipeline, Zaldivar and other numerous feasibility and upgrade design projects.
Mr. Victor Wyprysky, Chieftain-s President and CEO, stated, „We are pleased that Harold will be joining our team. He brings a wealth of knowledge and expertise, and he will play a key role in finalizing our feasibility study as part of the recently announced project finance Memorandum of Understanding with China CAMC Engineering Co., Ltd and its majority owned subsidiary Procon Holdings (Alberta) Inc.“
Mr. Bosche will take over responsibilities from Mr. Paul Chawrun, EVP Corporate Development in guiding the feasibility study to completion. Mr. Chawrun has resigned and Chieftain thanks him for his valuable contributions to the Company and wishes him success in his future endeavors.
About Chieftain Metals Inc.:
Chieftain Metals Inc.-s principal business is the acquisition, exploration and development of mineral properties. Since incorporation, the Company-s business has focused entirely on the acquisition, and thereafter the development, of the Tulsequah Chief Polymetallic Project, in north-western British Columbia, Canada. The Tulsequah Project consists of 38 mineral claims and Crown-grants covering approximately 14,220 hectares and covers two previously producing mines. For more information on the Tulsequah Project, please refer to the Company-s NI 43-101 compliant technical reports, „Tulsequah Chief Deposit, Tulsequah Chief Property, Northern British Columbia“ and „Big Bull Project, Tulsequah Chief Property, Technical Report, Northern British Columbia“, each dated as of November 8, 2010 and available under the Company-s profile on SEDAR ().
Forward-Looking Information:
This press release includes certain „forward-looking statements“ within the meaning of the Ontario Securities Act or other laws or regulations. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization, mineral resources or reserves, exploration results, future plans and objectives of Chieftain Metals Inc. are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Contacts: Chieftain Metals Inc. Victor Wyprysky President & CEO (416) 479-5411
Chieftain Metals Inc. Timothy Lee Director, Investor Relations (416) 479-5415
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