Bayswater Uranium Corporation (TSX-V: BYU), (OTC: BYSWF) is pleased to announce the addition of Leland Huffman as ISR Engineering and Operations Manager and Dan W. Dowers as Chief Geologist for the Reno Creek Uranium Project in Wyoming. The appointments complement the existing management team consisting of Jim Viellenave, Reno Creek Project Manager and General Manager of Bayswater’s U.S. operations, and Phil Cavendor, Environmental Manager for Reno Creek. This completes the Company’s development and operating core management team for the Reno Creek project. As the project evolves towards feasibility, completion of permitting and production, additional hires will be required that will report to these various department heads under the supervision of James Viellenave.
Leland Huffman, ISR Engineering and Operations Manager
Mr. Huffman will oversee the development of wellfield and processing plant design, and support the environmental permitting process presently underway for the Reno Creek project. Mr. Huffman, B.Sc. has a career spanning more than 28 years in the uranium mining industry with expertise in wellfield design, development, construction and operations with particular emphasis on post mining groundwater restoration. He spent 18 years in various operations positions with Crow Butte Resources, Inc. at their Crow Butte Project in Nebraska. Following the acquisition of the Power Resources Inc. Highland Uranium Project (later Smith Ranch-Highland Uranium Project) by Cameco Corporation (TSX: CCO) in 1999, Mr. Huffman assumed the position of Restoration Superintendent. He remained at this position for six years before moving on to work for High Plains Uranium, Inc., U.S. Uranium Corporation and most recently Ur-Energy Inc. (TSX: URE).
While working at the Crow Butte Project, Mr. Huffman was instrumental in the design, construction and operation of several mine units and completed the successful groundwater restoration of Mine Unit 1 at the site. He also achieved regulatory approval for groundwater restoration of the A-Wellfield and completed the groundwater restoration of the B-Wellfield at the Smith Ranch-Highland Uranium Project. Additionally, Mr. Huffman collaborated with the PRI engineering department to develop and patent a bioremediation process to aid in the groundwater restoration process.
Mr. Huffman received a Bachelor of Science in geophysics from the New Mexico Institute of Mining and Technology.
Dan Dowers, Chief Geologist
As Chief Geologist, Mr. Dowers will manage the evaluation of NI 43-101 compliant and historical resources and establishment of addition resources at the proposed in-situ recovery (ISR) project. On the basis of the evaluation, Mr. Dowers will design and supervise drilling programs to provide essential data to expand the known resources and convert them to reserves and to confirm and convert historical resources to NI 43-101 compliance. Mr. Dowers will also work closely with the engineering and permitting teams to develop production strategies and wellfield design for the project.
Mr. Dowers has over 38 years of professional experience, most of which was spent in various aspects of uranium mining, exploration and development. Much of his career was spent in Wyoming mining districts including nearly ten years in the Powder River Basin. In the 1970’s and 1980’s, Mr. Dowers served as Senior Geologist for Rocky Mountain Energy and was in charge of the exploration, development and well installation programs at the Reno Creek and Nine Mile Lake pilot ISR projects.
Most recently, Mr. Dowers served as Chief and Regional Geologist at Neutron Energy, Inc., a privately held uranium company operating in several western states. He also has a strong background in permitting and environmental consulting and directed soil and groundwater remediation programs at many sites in the western US.
Mr. Dowers has a B.Sc. (Ed.), Earth Science from Chadron State College, NB and is currently a Registered Professional Geologist in Wyoming and Nebraska.
Statement from the President: Mr. George M. Leary, president of Bayswater, stated, “We are delighted to have attracted two highly experienced, ISR uranium experts to develop Reno Creek. The quick addition of Leland Huffman and Dan Dowers to our management team demonstrates the quality of our project and the growth opportunities we are pursuing.”
The Company further advises it is cancelling and regranting most of its incentive stock options to certain directors, officers, employees and consultants in order to retain and provide proper incentive for the Company’s key staff at a time when the industry is still very competitive for qualified personnel. The Company is therefore cancelling 1,125,895 incentive stock options and granting new stock options to certain directors, officers, employees and consultants entitling them to purchase up to 2,100,000 common shares of the capital stock in the Company at a price of $0.55 per share for a period of seven years, subject to regulatory approval.
About Bayswater Uranium Corporation - The Super Junior Uranium Company TM
Bayswater Uranium Corporation is an international uranium exploration and development company. The Company owns several advanced uranium properties in the United States with significant NI 43-101 compliant and historical resources that may be amenable to ISR and/or conventional mining. With the acquisition of the Reno Creek Property, WY, the Company’s focus will be on putting Reno Creek into production in the shortest time frame possible. As well, Bayswater is the only uranium company to have major landholdings in each of Canada's most important producing and exploration regions - the Athabasca Basin, the Central Mineral Belt, and the Thelon Basin. Bayswater combines a balanced portfolio of advanced and exploration projects with the uranium expertise of its technical and managerial teams. To capitalize on current market conditions and strong growth of the nuclear industry, the Company will continue to pursue acquisition opportunities of advanced-stage uranium projects with mid-term production potential. Bayswater's vision is to build a major international uranium company. Shares of the Company are listed on the TSX Venture Exchange under the symbol “BYU”. For further information visit www.bayswateruranium.com.
On behalf of the Board of:
BAYSWATER URANIUM CORPORATION
George M. Leary
Statements in this news release other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in mineral exploration, development and mining. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
Neither 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.
John Gomez, 604-687-2153
Manager, Investor Relations