CALGARY, March 12 /PRNewswire-FirstCall/ -- Vannessa Ventures Ltd. (TSX-V: VVV) ("Vannessa" or the "Company") is pleased to announce that it has hired Arnoldo Rudin as General Manager of Industrias Infinito S.A., the Company's subsidiary based in San Jose, Costa Rica. Mr. Rudin has a Bachelor's degree in Geology from the University of Costa Rica and an MBA from National University in San Diego California.
Mr. Rudin will be responsible for the Company's day-to-day activities in Costa Rica and is expected to play a lead role in the continuing development of the Las Crucitas project from an exploration play into a producing gold mine. Mr. Rudin held senior positions with another gold producer in Costa Rica prior to joining Industrias Infinito S.A.
The Company also wishes to announce that it has retained Jim Decker of Jim Decker & Associates Inc. in the role of Senior Advisor, assisting with all aspects of Vannessa's Latin American projects with primary focus being on the advancement of the Las Crucitas gold property in Costa Rica. He will also be the Company's main contact person with respect to investor relations. Mr. Decker, who is fluent in Spanish, is a graduate mining engineer with more than 35 years of experience in senior management, operations and engineering with several large mining companies in North and South America.
Vannessa has also retained the services of Coal Harbor Communications Inc. ("Coal Harbor") to provide investor relations services reporting to Mr. Decker. The principal of Coal Harbor is Mr. Dale Paruk, an experienced investor and public relations professional. Coal Harbor will distribute news and information on Vannessa and provide consistent and timely contact with the Company's shareholders, other investors and industry professionals on behalf of the Company. Coal Harbor maintains its offices in Vancouver, British Columbia and works closely with financial analysts, advisors and investors in Canada and the United States.
Coal Harbor will receive a fee of $Cdn 6,000 per month starting in March, 2007. Coal Harbor will be granted 100,000 stock options at current market prices and may be issued another 100,000 stock options in six months subject to certain conditions. The term of the contract is one year. Coal Harbor and Dale Paruk are at arm's length to Vannessa.
John Morgan, President
VANNESSA VENTURES LTD.
"The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release."
CONTACT: Coal Harbor Communications, Suite 701, 555 Jervis Street, Vancouver, BC, Canada, V6E 4N1,
