Igor A. Kovarsky, Kola Mining's President and Director, Appointed as CEO
July 21 2008 - 6:00AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (OTCBB: KMNFF)(FRANKFURT: C8M) ("The
Company") is pleased to announce the appointment of Mr. Igor A.
Kovarsky, President and Director, as Chief Executive Officer of
Kola Mining effective retroactively as of June 1, 2008. Mr.
Pinkowski will remain Chairman of the Board of Directors.
"Igor is ideally suited to lead this company through its next
phase of development and beyond. His expertise as a mine developer
in the former Soviet Republics and Mongolia along with his
expertise in working with Russian legislative and regulatory
authorities is exceptional." states Mr. Cary Pinkowski, Kola
Mining's Chairman.
Mr. Kovarsky has almost 30 years of experience in the
construction and mineral sectors in exploration, engineering,
development and operations. Since 1992, he worked with Centerra
Gold Inc. and Cameco Gold in various roles including Director and
Vice-President, Government Affairs & Business Development.
Mr. Kovarsky played a key role in the acquisition, feasibility
work and successful development of the Kumtor gold mine in
Kyrgyzstan. He was instrumental in acquiring an ownership interest
in the Australian gold exploration company AGR Limited, which
directly led to the development of the Boroo mine in Mongolia and
growth of Boroo Gold Company and Centerra Gold Mongolia LLC.
Mr. Kovarsky worked for 15 years with various organizations in
the former Soviet Union, including the Moscow regional government
as Chief of the Construction Department. Mr. Kovarsky spent years
cultivating extensive relationships with the most influential
decision-makers at all levels of government in the former Soviet
Union, Central Asia, Mongolia and North America.
Mr. Kovarsky received his Masters in Civil/Structural
Engineering from Moscow Technical University (MADI) in 1980, and
Diploma in Foreign Relations & International Politics from
Moscow Political University in 1985. He completed the Queen's
Strategy Program at Queen's School of Business, Queen's University,
Canada in 2005, and the Ivey Leadership Program at Richard Ivey
School of Business, University of Western Ontario, Canada in
2004.
He is a member of the Prospectors and Developers Association of
Canada. He was made an Honorary Miner of Kyrgyz Republic and
Mongolia in 1998 and 2004 respectively.
On behalf of the Board of Directors of KOLA MINING CORP.
Cary Pinkowski, Chairman
The TSX Venture Exchange does not accept responsibility for the
adequacy or the accuracy of this release.
Contacts: Kola Mining Corp. Andrew Fedak (604) 694-1600 Website:
www.kolamining.com