SOUTHERN ARC APPOINTS CHIEF FINANCIAL OFFICER
Southern Arc Minerals Inc. (TSX Venture: SA, the "Company”) is pleased to announce that it has appointed Eduard Epshtein, as the Company's new Chief Financial Officer. In connection with this appointment, the Company has granted Mr. Epshtein, subject to TSX Venture Exchange approval, 250,000 stock options, the grant of which was announced earlier today, exercisable for a five year period at an exercise price of $1.56.
Mr. Epshtein is a Chartered Accountant with experience in mining exploration and oil and gas public companies. He began his career in the mining group of PricewaterhouseCoopers LLP audit and assurance practice in Vancouver. Mr. Epshtein moved to the mining industry as a controller of four public exploration companies where he managed financial reporting and Sarbanes-Oxley Act compliance. He is currently Chief Financial Officer of Western Uranium Corporation (TSX Venture: WUC) and Canada Energy Partners Inc. (TSX Venture: CE).
The Company would like to thank Mr. Cyrus Driver for his contribution to the Company as the Company's former Chief Financial Officer and looks forward to his contribution as an Advisor to the Company.
On behalf of the Board of
President and CEO
Southern Arc Minerals Inc.
"The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release”