Dr. Barry Rayment Resigns as CEO, Will Stay on as a Director and Technical Advisor, Successor Named
LEWISBURG, Ky.--(BUSINESS WIRE)--Dec. 6, 2005--Following a search for a suitable successor, Dr. Barry Rayment has announced his resignation, effective immediately, as CEO of Delta Mining and Exploration Corp. (Pink Sheets:DMXP). He will, however, still have a major role with the company as a Director and Technical Advisor who will oversee all aspects of field work on the Montana Properties and South American Properties.
This move will allow Dr. Rayment to allocate a greater percentage of his efforts to developing the business through his technical involvement while allowing the new CEO to concentrate on the corporate affairs of Delta.
In his place, the Board of Directors has appointed Mr. Brett Rodli to take his place. Based out of Missoula Montana, Mr. Rodli has been an advisor to Delta Mining and Exploration for the past three years. He has also has consulted to and served as a board member of several publicly traded companies where he has assisted with corporate development, marketing and strategic planning.
Mr. Rodli's past experience with Delta, proximity to the Montana Properties, and overall corporate background, made him the perfect choice to replace Dr. Rayment.
With the first phase of systematic field work yielding extremely positive results, and the second phase set to begin, Mr. Rodli is convinced that Delta Mining and Exploration will make major strides in what he expects to be an exciting 2006.
About Delta Mining and Exploration, Corp: deltamine.com: Delta is a mineral exploration company with an extensive portfolio of diamond properties in Montana, USA and in Bolivia, South America. Delta controls some 8000 acres throughout Montana located within the Wyoming Craton where much of North America's diamonds have been found. A further 10,000 acres of prospective diamond properties are controlled in Bolivia, South America.
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