LOS ANGELES, March 15, 2011 (GLOBE NEWSWIRE) -- Mayfair Mining & Minerals, Inc., (the Company) (Pink Sheets:MFMM) (Frankfurt:M1M) is pleased to announce that it has appointed additional executives to strengthen its Zimbabwean Board and international management team. Mr. Peter Ganya has been appointed as the Vice President, Business Development, Africa and Mr. Bethrode Nyarufuro has been appointed as the Company's Senior Geologist and Mining Project Manager, Zimbabwe. Mr. Nyarufuro will also serve as a non -executive Director of SouthernCentral Capital, the Company's Zimbabwean subsidiary.
Peter Ganya will assist the CEO and President of the Company in the planned acquisition and business development strategy in Zimbabwe. A native of Zimbabwe, now resident in the UK, Peter brings valuable experience and skills gained in senior management positions within Zimbabwe. He previously worked within the Zimbabwean government, where he was employed as the Senior Accountant in the Zimbabwe Treasury Department at the Accountant General's Office, within the Ministry of Finance, Harare.
Peter also worked in the Ministry of Education, Sports and Culture as the Under Secretary in charge of the entire ministry revenue budget and was responsible for preparing the budgets for all state and council schools in Zimbabwe through the school services fund. He holds an MA and MSc degree in finance at the University of Leicester and a Diploma in Accounting and a BA in Business Studies at the University of Derby in the UK. He is currently the proprietor and Managing Director of GZP Products in the UK, and the CEO of Blowline Investments, a Zimbabwean registered company.
Bethrode Nyarufuro is a commercially astute earth scientist with more than 20 years expertise developed in the exploration, mining and business development sectors in the Southern African Development Community ("SADC"), predominantly Zambia and Zimbabwe.
In the past, in his role of Project Manager he was responsible for procedure mapping, solution design, project implementation and management, project staffing and mining and service contracts. He has worked in Zambia, Botswana, Mozambique, South Africa and Zimbabwe on mining projects encompassing exploration for Gold, Uranium, Nickel, Copper, Lead, Zinc, Chrome, Platinum Group Metals (PGM), Diamonds, Coal, Industrial Minerals and Dimensional Stones. He is a Qualified Person under JORC, NI 43-101 and SAMREC Mineral Resource Classification guidelines.
Prior to joining Mayfair Mining and to date, he has acted as the Senior Principal Consultant for his own geological consultancy, Tailjet Consultancy Services. Prior to this, he was the Senior Project Geologist in Zambia for Denison Mines Corporation, Canada where he was the leader of the team that discovered three Uranium deposits in the Southern Province. He has had a long and rewarding career as the Senior Geologist, Exploration & Mining for Anglo American Corporation, Zimbabwe, when he was part of the team that discovered and opened three gold mines in Zimbabwe.
Bethrode holds a Masters of Science (MSc) degree in Geology, an MSc in Environmental Management at the University of Cape Town and is currently studying for a Masters Degree in Business Management at the University of Zimbabwe. He is a resident of Harare, Zimbabwe.
Clive de Larrabeiti, President of Mayfair commented – "We consider ourselves extremely fortunate to attract people with the experience and qualifications of both Peter and Bethrode to our Company. We are currently involved in a review of potential mining project acquisitions and joint ventures in Zimbabwe and both these individuals bring considerable expertise to assist us in implementing these."
On behalf of the Board of Directors,
Clive de Larrabeiti
President
The Mayfair Mining & Minerals, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5317
SAFE HARBOR STATEMENT
This Corporate Overview 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 Harbor" 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 business plan. 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