VANCOUVER, Dec. 31, 2018 /CNW/ - With the acquisition
of Nevsun Resources Ltd. (TSX: NSU) (NYSE AMERICAN: NSU) ("Nevsun")
by Zijin Mining Group Co. Ltd., Nevsun announces the following
immediate appointments as directors to the board: Qixue Fang, Xian
Jian Guo, Qiang Liu, Harry Zheng
Tian and Kaihui Yang, and the following as executive
officers: Xian Jian Guo as Chief Executive Officer and Xuelin Cai as Chief Financial Officer.
As a result, the following individuals have resigned as
directors: Ian Pearce, Ian Ashby, Geoff
Chater, Anne Giardini,
Peter Kukielski, Stephen Scott and David
Smith. The following executive officers have also resigned:
Peter Kukielski, Chief Executive
Officer, Ryan MacWilliam, Chief
Financial Officer, Joseph Giuffre,
Chief Legal Officer, Scott
Trebilcock, Chief Development Officer, and Marc Blythe, Vice President, Corporate
Development.
About Nevsun Resources Ltd.
Nevsun Resources Ltd. is
the 100% owner of the high-grade copper-gold Timok Upper Zone and
60.4% owner of the Timok Lower Zone in Serbia. The Timok Lower Zone
is a joint venture with Freeport-McMoRan Exploration Corporation
("Freeport") which currently owns 39.6% and upon completion of any
feasibility study (on the Upper or Lower Zone), Nevsun Resources
Ltd. will own 46% and Freeport
will own 54%. Nevsun generates cash flow from its 60% owned
copper-zinc Bisha Mine in Eritrea.
NEVSUN RESOURCES LTD.
"Xian Jian Guo"
Xian Jian Guo
Chief Executive Officer
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SOURCE Nevsun Resources Ltd.