NEW YORK, July 13, 2005 (PRIMEZONE) -- Mayfair Mining & Minerals, Inc. (OTCBB:MFMM) is today pleased to announce that Mr. Ali Abood has been appointed as a member of the advisory board of the company. Mr. Ali Abood is a Tanzanian by birth and from a prominent business family there. During his career, Mr. Abood has been a Senior Advisor and International Consultant for various multinational corporations. He has in excess of fifteen years' experience in the field of marketing and business development in the Middle East and Africa, where he has traveled extensively, establishing top-level contacts in business and government in most of the countries in those regions.
Prior to this, Mr. Abood has held positions as the Chief Executive of Gulf Marketing Consultants, as the Financial Controller of the Embassy of the State of Qatar in London and with Exxon in the Finance and Marketing Division responsible for the Middle East and Africa. He has also worked within the Trade Finance Department of the National Commercial Bank of Saudi Arabia. He holds a Bachelor of Commerce degree through the University of Cairo, Egypt.
Clive de Larrabeiti, President of Mayfair Mining & Minerals, Inc., stated: "We are delighted to appoint someone of Mr. Abood's obvious networking and marketing skills to the advisory board. With his breadth of high-level contacts in business and government across both Africa and the Middle East, he should be instrumental in opening discussions concerning finance and potential project acquisition."
The company is presently in discussions with a number of other highly qualified individuals to further augment the advisory board.
Mayfair Mining and Minerals, Inc. has just commenced operations and has not yet engaged in any development activities. It is a precious metals exploration and development company. Mayfair's corporate mission is to seek, find, explore and mine prospectively profitable mineral properties worldwide, with the main focus on the African continent. To date, the company has successfully forged and financed a joint venture and established a mining company in Zambia and entered a Contract of Association with another private company in Angola. It is also reviewing mining projects in other countries within the Southern African Development Community.
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 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 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 Web site at www.sec.gov