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QIA

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Share Name Share Symbol Market Type
TSXV:QIA 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 -

Quia Announces New Director and Provides Update

11/06/2014 3:38pm

Marketwired Canada


Quia Resources Inc. ("Quia" or the "Company") (TSX VENTURE:QIA) is pleased to
announce the appointment of Mr. Anthony Roodenberg to the Company's board of
directors and to provide an update.


New Director

Mr. Anthony Roodenburg has been appointed to the Board of Directors. Mr.
Roodenburg will replace Mr. Iain Kelso, who stepped down from the board. Mr.
Kelso will remain the Qualified Person for technical disclosure until a suitable
replacement is found, and is a Qualified Person within the terms defined by
National Instrument 43-101. The Company wishes to sincerely thank Mr. Kelso for
his service to the Company and wishes him well in his future endeavors.


Mr. Roodenburg is the founder, largest individual shareholder and CEO of
Greencastle Resources Ltd., (TSX VENTURE:VGN) a diversified investment company
focused on the natural resource sector. His experience includes four years as an
Investment Executive with National Bank Financial (1987-1991). Subsequently, Mr.
Roodenburg has been an active investor and founder, officer and director of
several public companies, assisting in the areas of corporate development and
finance primarily in mineral exploration and the oil and gas sectors.


Mr. Banks commented: "I'm pleased to have Mr. Roodenburg join our board as he
brings significant experience in the natural resource industry and capital
markets. He will be able to provide a significant contribution to Quia as we
continue to develop our agrominerals business."


Projects Update 

The Company has been making progress in strategic discussions regarding its San
Lucas project. While there is no certainty that a strategic transaction will be
completed, the Company believes discussions are at an advanced stage. 


With respect to Murdock Mountain, the Bureau of Land Management (the "BLM")
provided the Company's joint venture company with notice that they are
conducting a study of sage grouse in the project area as part of a broader study
for the state of Nevada and northeastern California. The study is expected to be
completed in September, and until that time, the BLM will not be in a position
to consider our Prospect Permit application and other related environmental
studies. The Company did not expect to receive the Prospecting Permit prior to
September in any event, and is not precluded from completing the other
environmental studies should it choose to do so, subject to the availability of
financing and the Company's other priorities and opportunities.


Targeting Program 

The Company has engaged the services of a leading expert in certain agrominerals
on a consulting basis as well as Caracle Creek International Consulting to
develop and undertake a targeting program (the "Targeting Program") aimed at
identifying prospects for selected agrominerals in North America which could
have growing and potentially significant market potential, and innovative
application and positioning within the agrominerals marketplace. In particular,
the Company is seeking projects amenable to direct application, low-capex,
near-term development, and in some cases with second phase potential for
processing to higher value products and that are in line with the ongoing
evolution of soil and plant nutrition science. 


Mr. Banks commented: "We have identified specific supply gaps and demand drivers
in North American fertilizer markets that we believe present compelling business
opportunities through the development of suitable minerals to address these
needs. We are currently focusing on crystallizing our research efforts and the
relationships we have built with key experts and potential strategic partners to
expand our asset-base and significantly enhance the growth profile of the
Company. We look forward to providing further updates and details as this effort
progresses."


About Quia Resources Inc. 

Quia Resources is a mineral exploration and development company which owns 100%
of the San Lucas gold project in Colombia and has an option to earn 65% of the
Murdock Mountain direct application phosphate project in Nevada. The Company is
also actively evaluating additional business opportunities, primarily in the
agromineral sector.


Forward-Looking Statements

This press release contains or refers to forward-looking information based on
current expectations that involve a number of business risks and uncertainties.
Factors that could cause actual results to differ materially from any
forward-looking statement include, but are not limited to, delays in obtaining
or failures to obtain required governmental, environmental or other project
approvals, political risks, uncertainties relating to the availability and costs
of financing needed in the future, changes in equity markets, inflation, changes
in exchange rates, fluctuations in commodity prices, delays in the development
of projects and the other risks involved in the mineral exploration and
development industry. Forward-looking statements are subject to significant
risks and uncertainties, and other factors that could cause actual results to
differ materially from expected results. Readers should not place undue reliance
on forward-looking statements. These forward-looking statements are made as of
the date hereof and the Company assumes no responsibility to update them or
revise them to reflect new events or circumstances other than as required by
law.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Quia Resources Inc.
Yannis Banks
Chief Executive Officer
(416) 777-6169
ybanks@foundationmarkets.com

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