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News Releases
| | May 27, 2008
STERLING ANNOUNCES MANAGEMENT CHANGE
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| | Wallace, ID - May 27, 2008 - Sterling Mining Company (TSX:SMQ / OTCBB:SRLM / FSE:SMX) announces that Raymond De Motte is no longer President of the Corporation. Ken Berscht has accepted the position of Interim President, effective immediately, pending a search for a replacement fulltime President expected within the next 60 days. In addition, Kevin Shiell will continue his role as Executive Vice President.
Mr. Berscht is currently a Director of Sterling Mining and graduated with a degree in Business Administration from the University of Western Ontario, Canada. He is member of the American Institute of Mining, Metallurgical and Petroleum Engineers. Mr. Berscht currently holds the position of President of Dore Mining Ltd and Peace River Oil and Gas. Formerly he served as Vice President of Enerplus International. He is qualified as a General Principal with the NYSE and a Registered Representative with the Canadian Investment Dealers Association.
Mr. Shiell is also a Director of Sterling Mining and has served as Executive Vice President since January, 2003. He has held various management roles including mine superintendent and mine manager.
About Sterling Mining Company
Sterling Mining controls the Sunshine Mine, which began initial production in December 2007, and related exploration lands in the prolific Silver Valley of northern Idaho. The Company also holds several silver properties in Mexico, including the Barones Tailings Project in the Zacatecas Silver District. Shares of Sterling Mining Company trade on the TSX under the symbol "SMQ", on the OTCBB under the symbol "SRLM", and also on the Frankfurt Stock Exchange under the trading symbol "SMX".
FOR FURTHER INFORMATION, visit the Company's website at www.SterlingMining.com or contact:
Sterling Mining Company
Ken Berscht, President
(403)830-7566
Monique Hayes, Marketing/Communications
Tel: (208) 699-6097
To receive Sterling news via email, please email supertina@sterlingmining.com and specify "SMQ news" in the subject line.
Cautionary Language and Forward Looking Statements
This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authorities
This press release does not constitute an offer to sell or a solicitation to buy securities, and contains forward-looking statements regarding the Company within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements are based on assumptions that the Company believes are reasonable but that are subject to uncertainties and business risks. Actual results relating to any and all of these subjects may differ materially from expected results. Factors that could cause results to differ materially include economic and political events, the ability to raise capital in the financial markets, and other factors discussed in the Company's periodic filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2006 and subsequent 10-Q and 8-K filings. |
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