June 7, 2013: Vancouver, B.C. – North American Tungsten Ltd. (Stock Profile – TSXV:NTC) board has appointed Kurt Heikkila, current chairman of the board, as interim chief executive officer and president. He will hold these positions on an interim basis to lead the company while the board conducts a search for a successor to Stephen Leahy, who stepped down as chief executive officer, president and as a member of the board of directors to facilitate the next stage of the company’s development. The company also announces the appointment of Dennis Lindahl as interim chief financial officer succeeding Harold Schwenk, who will undertake other duties with the company.
Mr. Leahy, as the founder of North American Tungsten, has made important contributions throughout his period of leadership. He arranged the acquisition of the MacTung deposit and the CanTung mine. The current CanTung mine operations and the advanced state of permitting of MacTung are his legacy. He also contributed to the tungsten industry as a whole through his dedicated efforts to the International Tungsten Industry Association.
Mr. Heikkila has served as a director on North American Tungsten’s board since 2009. He is an experienced business innovator and industrial problem solver, successfully leading in both enterprise environments and entrepreneurships. He has held management positions in large companies, including DuPont de Nemours & Company and Andersen Corp. He has founded several companies, including Wild River Consulting and Tundra Companies, where he currently serves as president and CEO.
“We would like to thank Steve for his years of service to North American Tungsten and the industry, and wish him well in future endeavours,” Mr. Heikkila said. “I have full confidence in our strong CanTung operating group, who drives the important priorities of the company. The board remains committed to making CanTung a long-term operating mine and developing MacTung.”
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