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MOC

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Share Name Share Symbol Market Type
TSXV:MOC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Morumbi Resources Inc. Appoints Lindsay Semple as Chief Executive Officer

09/07/2012 10:53pm

Marketwired Canada


Morumbi Resources Inc. (TSX VENTURE:MOC) ("Morumbi" or the "Company") is pleased
to announce that Lindsay Semple has been appointed Chief Executive Officer
("CEO") of the Company. Mr. Semple is assuming the role of CEO from Mr. Mark
Brennan, who has served as Morumbi's CEO since December, 2009. Morumbi is also
pleased to announce that Mr. Brennan has been appointed Morumbi's Executive
Chairman, while Mr. Stephen Shefsky has been appointed the Company's
Vice-Chairman. Mr. Shefsky has served as Chairman of the Company since December,
2009.


Lindsay Semple, a Founder of Rockwell Exploration S.A. which was acquired by
Morumbi in March 2011, has unique insight and experience in resource acquisition
in Papua New Guinea ("PNG") and the Autonomous Island of Bougainville in
particular. Mr. Semple has been involved intensively in PNG since 1995 and
learned early that a fundamental understanding of the Melanesian culture is a
necessary prerequisite to success in PNG. Mr. Semple followed the emergence of
Bougainville as a resource powerhouse in the 1970s through the development of
the Panguna Mine and the subsequent events that led to its closure, civil war
and plant destruction in the late 1980s and early 1990s. Morumbi is pleased to
have Mr. Semple assume the role of CEO in order to further develop the Company's
interests in PNG and its emerging mineral opportunity base on the Autonomous
Island of Bougainville.


Mr. Semple graduated with an M.A. in international economics from University of
British Columbia. After graduation, Mr. Semple focused on commodity research and
international monetary issues and lectured in Economics at the University and
College level. In 1983 Mr. Semple became a foundation Director and investor in
Breakwater Resources, the co-developer of the Don Cannon Mine in Washington
State. Mr. Semple went on to then co-found Grandview Resources ("Grandview") in
1985, a junior mining company that put the first heap-leach gold mine into
operation in Calaveras County, in the California Sierra Nevada Mountains.
Grandview was later sold to Western Mining Corporation ("WMC") of Australia, at
which time Mr. Semple became a Director of WMC's Canadian operations. In 1992,
Mr. Semple became a Director of Minera Rayrock, a junior mining company that
financed, built and operated the high grade underground Copper Ivan/Zar mine in
Northern Chile. In 1997, Mr. Semple then turned his attention to the resource
potential of PNG having grown up in nearby Queensland, Australia, where together
with Philip Rali he ultimately founded Rockwell Exploration S.A. which was
acquired by Morumbi in March 2011. Mr. Semple has spent much of the past seven
years working with the leaders of Bougainville at the local and government
levels in their quest to restart mining as the foundation high impact activity
to raise living standards and to reach economic independence. It is these
relationships and experiences that he brings to Morumbi as it builds towards a
high quality mineral resource base on the Island.


Morumbi is a public company with a light oil property in northwest Alberta as
well as mineral exploration licenses in PNG. The Company is also pursuing
attractive mineral and oil and gas licenses with several Landowner owned
companies on the Autonomous Island of Bougainville. The Company trades on the
TSX Venture Exchange under the symbol "MOC". For more information about Morumbi
and the Company's current properties and plans visit our website at
www.morumbi.ca.


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