| ||Wed Sep 24, 2003|
Diamond Fields -- Appoints Mr. Edward L. Mercaldo (Ex Diamond Fields Resources CFO And Director) As Senior Advisor
| ||Diamond Fields International Ltd. (TSX:DFI) is very pleased to announce the appointment of Mr. Edward L. Mercaldo as Senior Advisor to DFI's Board of Directors, for financial and strategic advice. |
Mr. Mercaldo previously held the positions of Executive Vice-President, CFO and Director of Diamond Fields Resources Inc. (DFR), and was instrumental in developing its potential and subsequent sale to Inco Ltd. for Cdn$4.3Billion. Following the sale of DFR in August 1996, Mr. Mercaldo served as a director of Inco Ltd. until September 2000. He was a member of both the audit and management resources and compensation committees at Inco Ltd.
Prior to his tenure with DFR Mr. Mercaldo enjoyed an outstanding career in international commercial and investment banking with major institutions in the USA and Canada. He has served in key executive positions with several leading financial organizations, including Wachovia Bank, Bank of Montreal, Bankers Trust Company of New York, Gordon Capital, and First Marathon Securities.
Mr. Mercaldo is currently a financial consultant and private investor, active in a broad range of business, charitable and professional activities in the United States and Canada. He also provides a similar advisory function to First Calgary Petroleum Ltd., also listed on the Toronto Stock Exchange.
"We are confident that Diamond Fields will benefit from the knowledge, experience and relationships of Ed Mercaldo," stated Gregg Sedun, President and CEO of Diamond Fields. "Ed has been involved with major mine development for many years from virtually all aspects, including equity, debt, project finance, and mergers and acquisitions. His accomplished background will be a tremendous compliment to the strong technical and political capabilities of our existing Board of Directors."
About Diamond Fields International Ltd.
Diamond Fields International Ltd. is an internationally active exploration and mining company pursuing diamond and nickel opportunities worldwide. The Company's corporate strategy is to maximize cash flow from its Namibian marine diamond concessions and systematically explore and develop its international diamond and nickel projects. In addition, the Company continues to explore opportunities to acquire new economic mineral projects worldwide.
DIAMOND FIELDS INTERNATIONAL LTD.
"Gregg J. Sedun"
Gregg J. Sedun, President and Chief Executive Officer
For further information contact: Earl Young (1-214-219-1439)
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Diamond Fields' periodic filings with Canadian Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Diamond Fields does not assume the obligation to update any forward-looking statement.
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