Vancouver, B.C., November 9, 2009 - Newstrike Capital Inc. (the "Company") - www.newstrikecapital.com - announces today the appointment of John Morganti and George Brack as advisors to the Company. Messrs. Morganti and Brack will be actively assisting the Company's Board of Directors in connection with a strategic review of the Company's significant mineral properties in the State of Guerrero, Mexico.
Mr. Richard Whittall, Newstrike's CEO noted "We are fortunate to be working once again with John Morganti and George Brack, both of whom possess formidable mining credentials and truly understand the exploration potential of our Company's properties. The Guerrero Gold Belt is an exciting place to be and we look forward to their advice in charting a course of action."
John Morganti (P. Geo., Ph.D.) is currently President of Morganti Advisers Inc., a company specializing in advising mining and exploration companies on strategy, evaluation, investor relations, exploration and financing issues, which are critical to rational growth and maximizing shareholder value of those companies.
Over the past 35 years, Dr. Morganti has worked at Teck, Placer Dome, Silver King Mines, David Lowell Consultants and with consulting firms working in Alaska. In addition, he has been a director of Canadian and Latin American public companies.
At Teck Corporation and its successor companies, Dr. Morganti has held office as Vice-President, Gold, Vice-President, Evaluations, Director, Precious Metals, Director, Project Development. Before his retirement from Teck in 2009 Dr. Morganti was Director, Market Analysis and reviewed new commodities-based industries and strategic issues for Teck.
Previous to joining Teck, Dr. Morganti worked with Placer Development and its successor Placer Dome. At Placer he held office as Manager, Project Development, Evaluation Engineer in the Project Development Department and Manager, Exploration Eastern Canada. With the opening up of the world to mineral development in the 1990s, he was Vice- President, Europe, Africa, Middle East and South East Asia, and was based in Miami and London, England.
Dr. Morganti has participated in a number of teams which discovered new mineralization from grassroots programs, which moved projects from initial discovery to feasibility stage, which developed mines in North America and Australia and which managed acquisitions of projects, mines and companies. At Placer Dome, he was instrumental in initiating the concept of MinEx/CampEx at eastern Canadian mines. This concept led to new finds at the Dome Mine, Detour Lake and Campbell Red Lake mines and was used to find new gold deposits at mines in Nevada and Australia.
Mr. Brack's 25-year career in the mining industry has focused on investment banking and corporate development, specifically identifying, evaluating, and executing strategic mergers and acquisitions, and the provision of equity financing. Most recently Mr. Brack acted as the Managing Director and Industry Head, Mining Group, of Scotia Capital. Prior to joining Scotia Capital in 2006, Mr. Brack spent seven years as President of Macquarie North America Ltd., an investment banking firm specializing in merger and acquisition advice. Previous to that, Mr. Brack was Vice-President, Corporate Development at Placer Dome Inc., was Vice-President of the investment banking group at CIBC Wood Gundy, and worked in Rio Algom's Corporate Development department. Mr. Brack currently serves as a director of Alexco Resource Corp., Capstone Mining Corp., Geologix Exploration Inc. and Red Back Mining Inc.
Mr. Brack holds a BA. Sc. in Geological Engineering from the University of Toronto, an MBA from York University, and the CFA designation.
About Newstrike (NES.H - TSXV)
Newstrike Capital Inc. is a gold-silver focused explorer, targeting known and historic mining districts in Mexico. Current management and directors co-discovered Goldcorp's & Teck's significant discoveries in Guerrero Gold Belt in Guerrero State, currently in advanced stages of exploration and production.
Newstrike holds a 100% interest in certain exploration properties in Mexico located within two established mining districts; the gold bearing oxidized iron skarn-porphyry camp of the Guerrero Gold Belt, and the polymetallic Ag-Au-Cu rich epithermal camp of the mining districts of Oaxaca State.
For further information contact:
Richard O'C. Whittall
Chief Executive Officer