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Arehada
Appoints New Lead Director
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TORONTO, October 1st 2008 - Arehada Mining
Limited (TSX:
AHD),
(the "Company") today announced the appointment
of Mr. Zhengquan Philip Chen as the sixth
board member as well as the independent
lead director. The appointment is subject
to approval of the Toronto Stock Exchange.
Mr. Chen has extensive experience in capital
markets. He is the founding president of
a TSX Venture Exchange listed capital pool
company and has been involved in numerous
financial advisory assignments in a variety
of sectors which include the recent $8.9
million financing for a China based forestry
products company. Mr. Chen received his
MBA degree from University of Hawaii in
the United States.
Mr. Steve Fan Wang has resumed his role
as the Chief Executive Officer of the Company
after his return from a leave of absence.
"We now have three new independent directors,
with the appointment of Messrs. Peter Hooper
and Samuel Baker and the appointment of
Mr. Chen," commented Steve Fan Wang. "We
are very pleased to have these new directors
join us and we believe they will bring their
extensive experience and expertise to our
company."
About Arehada Mining
Arehada Mining Limited is engaged in the
exploration, development, extraction and
production of zinc, lead and silver in Dongwuzhumuqinqi,
located in Inner Mongolia, China. Arehada
produces zinc and lead concentrates, which
are then sold to smelters in China.
Arehada has completed construction of a
zinc processing plant which is currently
producing zinc calcine and sulphuric acid.
For further information:
Forward Looking Statements
The above contains forward looking statements
that are subject to a number of known and
unknown risks, uncertainties and other factors
that may cause actual results to differ
materially from those anticipated in our
forward looking statements. Factors that
could cause such differences include: changes
in world commodity markets, equity markets,
costs and supply of materials relevant to
the mining industry, extent of resources
actually contained in mineral deposits,
actual recoveries achieved in processing
ore, technological change, change to regulations
affecting the mining industry, risks associated
with mining operation in China, environmental
and safety regulations risks, and risk associated
with failure to obtain required regulatory
or third party consent. Forward-looking
statements in this release include statements
regarding future programs, review completion
dates and opportunities. Although we believe
the expectations reflected in our forward
looking statements are reasonable, results
may vary, and we cannot guarantee future
results, levels of activity, performance
or achievements.
Neither the TSXV or the TSX has in any
way passed upon the merits of this press
release and has neither approved nor disapproved
the contents of this press release.
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