Bacanora Minerals Ltd Directorate Change (7706N)

TIDMBCN

RNS Number : 7706N

Bacanora Minerals Ltd

28 October 2016

Bacanora Minerals Ltd.

("Bacanora" or the "Company")

Director Appointment

BACANORA MINERALS LTD. (AIM and TSX-V: BCN), the London and Canadian listed lithium exploration and development company focused on Mexico, is pleased to confirm the previously announced appointment of James Strauss as a Director of the Company (with immediate effect) as a result of the completion of all regulatory checks required under AIM Rules (see the Company's announcement released on 18 October 2016).

James Digby Ronald Strauss (aged 47) is the founding partner of Strauss Partners Ltd. He has worked as a stockbroker in the City of London for over 25 years, specialising in the natural resources sector for nearly 20 of these. He was previously Managing Director of UK Equity product at BMO Capital Markets, prior to which he was a director of Hargreave Hale Ltd. where he founded, developed and then sold a Mining institutional sales and research department. Jamie started his career in 1986 at Strauss Turnbull (subsequently bought by Société Générale). Jamie has experience in sales, research, transaction structuring, IPOs and syndication. He is a Non-Executive director of Altius Minerals and Gold Standard Ventures. He was on the board of Extorre Gold Mines until its successful sale to Yamana in 2012. He is also a trustee of The Julian Baring Scholarship Fund.

Set out below are details of Mr. Strauss's current directorships and those that he has held within the last five years.

 
 Current Directorships    Past Directorships (past 
                           5 years) 
 Strauss Partners Ltd     Salt Lake Potash Ltd 
 Altius Minerals Corp     Extorre Gold Mines Ltd 
 Gold Standard Ventures   Appleton Resources Ltd 
  Corp 
 Y-Risk Ltd               Stonehurst Aviation Ltd 
                          Strauss Partners LLP 
 

There is no further information on Mr. Strauss, which is required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

For further information, please contact:

 
 Bacanora Minerals      Peter Secker - CEO       [e-mail] 
  Ltd. 
---------------------  -----------------------  -------------------------- 
 Cairn Financial 
  Advisers LLP,         Sandy Jamieson /                        +44 (0) 20 
  Nomad                  Liam Murray                             7213 0880 
---------------------  -----------------------  -------------------------- 
 Numis Securities 
  Ltd,                  John Prior/James                        +44 (0) 20 
  Broker                 Black/Paul Gillam                       7260 1000 
---------------------  -----------------------  -------------------------- 
 St Brides Partners,    Hugo de Salis/ Frank 
  Financial PR           Buhagiar / Elisabeth                   +44 (0) 20 
  Adviser                Cowell                                  7236 1177 
---------------------  -----------------------  -------------------------- 
 

ABOUT BACANORA:

Bacanora is a Canadian and London listed minerals explorer (TSX-V: BCN and AIM: BCN). The Company explores and develops industrial mineral projects, with a primary focus on lithium. The Sonora Lithium Project, which consists of ten mining concession areas covering approximately 100 thousand hectares in the northeast of Sonora State. The Company, through drilling and exploration work to date, has established an Indicated Mineral Resource (in accordance with NI 43-101) of 4.5 million tonnes (LCE) and 2.7 million tonnes Inferred. A PFS completed in Q1 2016 demonstrated the attractive economics associated with becoming a 35,000 tpa lithium carbonate and 50,000 tpa SOP producer in Mexico. The Company is led by a team with lithium expertise which have proven mine development, construction and operational experience.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 28, 2016 09:00 ET (13:00 GMT)