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Scorpio Announces Corporate Changes
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NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Vancouver, December 13, 2006 - Scorpio Mining Corporation (TSX:SPM) (the Company) wishes to announce that one of its founding Directors, Mr. Yves Rougerie will be resigning from the Board effective December 31, 2006.
The Board would like to thank Mr. Rougerie for his guidance over the years and wish him success with his future activities.
The Company also wishes to announce that effective December 31, 2006, the Company's current President, Peter J. Hawley, will be stepping down as President of Scorpio Mining Corporation but will remain Chief Executive Officer and Chairman of the Company.
This change is being made in conjunction with the promotion of Mr. Roger Scammell to become President of the Company effective January 1, 2007. For the past two years, Mr. Scammell has served as Vice President, Exploration, and has headed up Scorpio's Mexico operations. Previous to that Mr. Scammell was head of Teck Corporation's Mexico Division for over 10 years.
Peter J. Hawley, President, CEO states, "Scorpio has been growing at a rapid rate, especially during 2006, and as a result we have been internally reviewing our senior management to prepare the Company for further rapid growth. Mr. Scammell's past record speaks for itself. By splitting the duties between Mr. Scammell and myself, we will be in a stronger position to face the challenges of 2007 and keep our shareholders and the financial community better informed."
"The Board is currently reviewing potential senior and experienced people to fill the vacancy left by Mr. Rougerie's resignation. The Board and I would like to thank Mr. Rougerie for his years of commitment and his contribution to the growth of the Company."
ON BEHALF OF SCORPIO MINING CORPORATION
Peter J. Hawley
President & CEO
For further information contact:
Glenn Little, Jackson Little Holdings Ltd: 604-930-4375; 1-888-930-4375
Email: jlconsulting@telus.net
Rich Kaiser, YES International: 1-800-631-8127; 001-757-306-6090 (outside North America)
Email: yes@yesinternational.com
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration success, continued availability of capital and financing, and general economic, market or business conditions. |
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