NEW YORK, Oct. 31, 2005 (PRIMEZONE) -- Mayfair Mining & Minerals, Inc., (OTCBB:MFMM) is pleased to announce that Mr. Charles Lutyens has joined the company's advisory board.
Mr. Lutyens has more than 20 years experience in the mining sector in project finance and business development roles with a strong focus on emerging economies, including India; Zimbabwe; Papua, New Guinea; and Chile.
He was previously employed by Rio Tinto, where he held senior financial and commercial positions. He was managing director of Rio Tinto India, based in New Delhi, with responsibility for new business and joint venture developments in iron ore and coal, and prior to that, he was head of project finance for Rio Tinto. He has extensive experience in negotiating project financing transactions and working closely with banks, governments, official agencies and the World Bank Group. Recently, he has worked as a consultant to the U.K. government, advising on private sector participation in the infrastructure sector.
Mr. Lutyens holds an MBA from INSEAD and an MA in Social Anthropology from Cambridge University. Mr. Lutyens is a resident of the U.K.
The company also wishes to announce that the company's shares are now quoted on the Frankfurt Stock Exchange under the trading symbol "M1M" with the securities designation (WPKN). The Frankfurt Deutsche Borse is one of the largest stock exchanges in the world, and the Xetra trading platform has made it the second-largest fully electronic cash market in the world. The company believes its listing on the Frankfurt Exchange may allow European investors easier access to trade the company's shares and is expected to improve liquidity. The company's specialist and market maker in Frankfurt is N.M. Fleischhacker AG.
On behalf of the Board of Directors,
Clive de Larrabeiti President & CEO.
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 website at www.sec.gov.