Effective today, Patrick Downey is appointed to the board of Directors. Patrick is a Professional Engineer with extensive development and operations experience throughout the world, with a focus on South America. Currently he serves as the President and CEO of Aura Minerals. Previously he served as President and CEO for Viceroy Exploration Ltd. prior to its acquisition by Yamana Gold. He was also President of Oliver Gold Ltd. where he successfully negotiated the merger to form Canico Ltd., which acquired the Onca Puma Nickel project in Brazil and was recently purchased by CVRD and is now in development. Subject to regulatory approval, the Company has granted 241,000 incentive stock options to Mr. Downey, exercisable at a price of $0.48 per share for a period of five years from the date of grant.
In addition to Mr. Downey’s appointment to the board, Mosam also reports the resignation of Mark Levy effective immediately. The Board would like to thank Mr. Levy for his positive contributions and wish him well on his future endeavors. Mr. Kerzner will be acting as the interim President and CEO of the Company
Effective February 1, 2008, the Company's address is 1780 - 400 Burrard Street,
Vancouver, B.C. V6C 3A6 Telephone: (604) 689-9930 Facsimile: (604) 689-9940.
The TSX does not accept responsibility for the adequacy or accuracy of this release, which has been prepared by management.
President & CEO
Mosam Capital Corp.
Cautionary Statement: This news release contains forward-looking statements that are not historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include those risks set out in Mosam Capital Corp.’s public documents filed on SEDAR. Although Mosam Capital Corp. believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Mosam Capital Corp. disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.