VANCOUVER, June 23, 2011 – Strategem Capital Corporation (“Strategem” or the “Company”) (TSXV: SGE) is pleased to announce that, effective June 16, 2011, Marc Blythe has joined the Company’s board of directors.
A brief biography of the newly appointed director is as follows:
Mr. Blythe has a Master of Business Administration from La Trobe University in Melbourne and a Bachelor of Mining Engineering degree from the Western Australian School of Mines.
Mr. Blythe is currently and has been since July 2007, CEO, President and Director of Tarsis Resources Ltd. He was Corporate Senior Mining Engineer for Placer Dome Inc. based in Vancouver from 2004 until 2006, where he completed internal and external mine evaluation, including advising on potential acquisitions and mining technology implementation.
While working for Auriongold (which was acquired by Placer Dome), Mr. Blythe led the successful completion of a Bankable Feasibility Study on the Raleigh Mine, Kalgoorlie, Australia, which is now in production and owned by Barrick Gold. Mr. Blythe developed a novel mining method which was successfully adopted and the mine has exceeded production forecasts estimated in the Feasibility Study. The mine produces in excess of 100,000 ounces of gold annually.
Prior to this, Mr. Blythe completed the internal Feasibility Study for the Bullant Mine, Kalgoorlie, Australia. Previous studies had indicated that the mine was sub-economic. The mine which was initially scheduled to last just 18 months, has been in continuous production since 2002 and now has a projected mine life of approximately two years. The mine is owned by Barrick Gold and produces approximately 50,000 ounces of gold annually.
Mr. Blythe holds a Western Australian First Class Mine Manager’s Certificate of Competency and has managed mines for both Placer Dome and WMC Resources (formerly Western Mining Corporation).
Mr. Blythe is a third generation prospector.
About Strategem Capital Corporation
Strategem Capital Corporation is a publicly-traded merchant bank specializing in the development of emerging companies with above average growth potential. The current focus is on companies that explore and develop precious or base metals.
For further information please contact:
Strategem Capital Corporation
Kenneth Morgan, President and Chief Executive Officer
Suite 410, 325 Howe Street
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 of the adequacy or accuracy of this release.