NEW YORK, June 11, 2007 (PRIME NEWSWIRE) -- Mayfair Mining & Minerals, Inc. (Pink Sheets:MFMM) (Frankfurt:M1M) is today pleased to announce the appointment of Peter Davy to the Advisory Board of the Company.
Mr. Davy has a long association with Africa, which commenced in 1976. He has worked in many countries south of the Sahara, including Mozambique and the Democratic Republic of the Congo. His experience includes working with UK banks to establish new housing developments for new agro-industrial projects in Africa, and as an independent Consultant, he was appointed as an advisor to the Director General of the Capital Development Authority in Tanzania, the Commonwealth Secretariat, the ILO in Geneva, the World Bank and many African Governments.
In 2004, he successfully commenced, on his own behalf, various projects in minerals, precious and semi-precious stones, including the mining and exporting of gemstones and aggregate products from Africa to the Far East.
Mr. Davy's main contribution to the Company will be to advise on management issues related to Mayfair's projects in Zambia, including the production and sales phases of its gold, platinum and gemstone assets with the aim of building a positive cash flow within Mayfair Mining. He will also evaluate and advise on the financing, development and marketing plan for the Company's sapphire mining projects in Madagascar. Mr. Davy will also assist the Company regarding new viable mining development opportunities within the Southern African Development Community, as they become available.
In addition, the Company is pleased to announce that the TV documentary concerning its amethyst mining operations in Zambia was transmitted on Thursday, 31st of May, on the European television-channel "ARTE" and was also rebroadcast on Thursday, 7th of June. For more information on the program please see www.arte.tv. This documentary was previously announced by the Company last November. A copy of the program will be made available on the Company's website as soon as possible.
The documentary was produced by ARTE in cooperation with Bayerischer Rundfunk, a broadcasting company, a member of the ARD, which encompasses all of the broadcasting stations in Germany. ARTE is one of Germany's most popular TV channels. The program was aired in German and will also go out in French, and aired in France.
The documentary focused on Mayfair's amethyst mining operations in the Mapatizya district near Lake Kariba, the principal amethyst producing area of Zambia and featured the actual mining of the stones as well as the sorting, sawing, knocking and grading of the final product and packaging for shipment to foreign markets at the company's depot in Kafue, south of Lusaka. The principals of Mayfair Mining & Minerals, Zambia were interviewed and the company and its depot were extensively featured in the program. The program also focused on the benefits that Mayfair Mining brings to the Zambian economy, by way of employing local people to work on its sites, improvements to the infrastructure in the areas of Mayfair's activities and the good relationships the company enjoys with local leaders and government officials, including the Ministry of Mining.
Clive de Larrabeiti, President of Mayfair Mining & Minerals, Inc. stated:
"I am extremely pleased to have someone of the experience and qualifications of Mr. Davy join us as an Advisor at this stage in the company's evolution. We anticipate that Peter will provide valuable advice regarding the corporate development, sales and marketing of the Company's various gold and gemstone assets, all in an effort to establishing an early cash flow to fuel the company's planned growth in Africa."
On behalf of the Board of Directors, Clive de Larrabeiti CEO and President
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