NEW YORK, Feb. 28, 2005 (PRIMEZONE) -- Mayfair Mining & Minerals, Inc. (OTCBB:MFMM) is pleased to announce that Mr. Claudio Morandi has joined the company as a Corporate Finance Consultant.
Mr. Morandi has been an independent financial advisor since April 2004. Previously, he was the President of a private Swiss bank. Prior to this, he was the Senior Vice President of the Investment Banking Division. Before joining the bank he was a senior member of the Corporate Finance Team of a North American Investment Banking Group where his responsibilities included the search, evaluation and review of new investment opportunities, coordination and analysis of legal and financial due diligence and all aspects of pre-acquisition management. Before joining the Investment Banking Group in 1990, he was an Assistant Vice President of a Private Swiss Asset Management Company.
Clive de Larrabeiti, President of Mayfair Mining & Minerals, Inc. stated, "We are extremely pleased to have someone of the calibre and qualifications of Mr. Morandi join our company at such an early stage in our company's evolution. We intend to seek Mr. Morandi's advice on matters of financial and corporate affairs, including any proposed acquisitions or joint venture programs that we may pursue in our efforts to fuel the company's growth."
Mr. Morandi maintains an office in the Zurich area and will represent the company within the Swiss financial community there.
On behalf of the Board of Directors,
Eur. Ing. Dr. Michael Harold Smith, FIMM, C.Eng. Director.
SAFE HARBOR STATEMENT
This news release may include forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the Company's analysis of opportunities in the acquisition and development of various mining project interests and certain other matters. These statements are made under the "Safe Harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward looking statements contained herein. Forward-looking statements involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends" and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks described in this press release. Such risks include, but are not limited to terrorist activities that may affect our business or the economy in general; lack of success in mining activities; the prices of metals and gemstones; lack of funds to conduct mining activities; increase in costs of production, and similar risks. For further information about the Company, please refer to its materials filed with the Securities and Exchange Commission and available on the SEC website at www.sec.gov