Sterling Appoints Kenneth Rux As Controller
Sterling Mining Company (TSX: SMQ)(OTCBB: SRLM)(FRANKFURT: SMX) today appointed Ken Rux as Controller for the Company. Mr. Rux will be responsible for general accounting, compliance and disclosure activities within both the Canadian and American Markets.
Mr. Rux, is assuming the new position of Controller at Sterling Mining after working in finance for over 30 years, with varying positions as Controller and CFO. He has been a Certified Public Accountant (CPA) since 1979. Recently, Mr. Rux worked at General Moly Inc., where he held the positions of Controller and Director of Sarbanes-Oxley Compliance.
Sterling President Ray De Motte stated “We are pleased to have Mr. Rux join our team. Sterling has grown rapidly during the past two years and following the commencement of production at the Sunshine mine we have expanded operations and increased our workforce. Mr. Rux’s appointment as controller will strengthen our finance and accounting team as we plan for increasing production quarterly to achieve our 2008 goals.”
About Sterling Mining Company
Sterling Mining controls the Sunshine Mine, which began initial production in December 2007, and related exploration lands in the prolific Silver Valley of northern Idaho. The Company also holds several silver properties in Mexico, including the Barones Tailings Project in the Zacatecas Silver District. Shares of Sterling Mining Company trade on the TSX under the symbol “SMQ”, on the OTCBB under the symbol “SRLM”, and also on the Frankfurt Stock Exchange under the trading symbol “SMX”.
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Cautionary Language and Forward Looking Statements
This press release may contain “forward-looking statements”, which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company’s business are more fully discussed in the Company’s disclosure documents filed from time to time with the Canadian securities authorities.
This press release does not constitute an offer to sell or a solicitation to buy securities, and contains forward-looking statements regarding the Company within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements are based on assumptions that the Company believes are reasonable but that are subject to uncertainties and business risks. Actual results relating to any and all of these subjects may differ materially from expected results. Factors that could cause results to differ materially include economic and political events, the ability to raise capital in the financial markets, and other factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2006 and subsequent 10-Q and 8-K filings.
Contacts: Sterling Mining Company Raymond De Motte President (208) 699-6097 Sterling Mining Company Monique Hayes Marketing/Communications (208) 699-6097 Website: www.SterlingMining.com CHF Investor Relations Alison Tullis Senior Account Manager (416) 868-1079 x233 Email: alison@chfir.com Website: www.chfir.com
SOURCE: Sterling Mining Company