NEWS RELEASE
May 10 , 2002
TRADING SYMBOLS: TORONTO STOCK EXCHANGE.: CRU OSLO: CRU FRANKFURT STOCK EXCHANGE: KNC OTC: CRWVF
MR NORMAN HARDIE APPOINTED TO BOARD OF DIRECTORS
Crew Development Corporation (Crew) is pleased to announce that Norman Hardie has been appointed to the Board of Directors. Crew believes that Mr. Hardie's broad and extensive background from the mining industry will provide additional valuable experience and knowledge to the board.
Norman Hardie is a business consultant, with more than 30 years experience as a mining company manager and executive. Since May 1996, Mr. Hardie has served on several boards including Pangea Goldfields, Meota Resources, Moydow Mines International Inc., Tan Range Exploration Corporation and Canada Dominion Resources. From May 1990 until December 1997, Mr. Hardie served as the Group General Manager responsible for North America of Normandy Mining Limited. Between 1987 and 1996, Mr. Hardie was a Vice President of Inmet Mining Corporation, in which capacity he coordinated marketing and operations of several mining projects. Previous to this, Mr. Hardie served as an executive and manager at both Phillipp Brothers, Inc., a subsidiary of Salomon Inc., and at subsidiaries of the Anglo American Corporation. Mr. Hardie has a Bachelor of Science degree in mining engineering from the University of Witwatersrand in South Africa and a Masters degree in economics from Cambridge University.
Crew intends to further strengthen both the board and management team within the upcoming months. As previously stated, Crew's new management and board are focusing on existing and future projects that can generate positive cash flow within the next 24 months. Mr. Hardie is expected to contribute in this process.
Corporate Overview
Crew is a mid-tier diversified international mining company with operations in Africa, Canada, Greenland, Norway and the Philippines. Crew has a variety of projects that are at various stages of development and discovered by Crew. Crew's strength stems from this diversified, solid, broad base of projects. The company is well positioned to focus on specific projects, and to respond to changing market forces. Crew shares are listed as CRU on the TSE (Canada) and OSE (Norway), as KNC on the Frankfurt Exchange (Germany), and as CRWVF on the OTC-BB-other(USA).
"Jan A. Vestrum" President and C.E.O.
This News Release was prepared by the Board of Directors on behalf of Crew Development Corp. which is solely responsible for its contents |
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HEAD OFFICE, UK:
CREW DEVELOPMENT LTD. ABBEY HOUSE WELLINGTON WAY WEYBRIDGE SURREY KT13 0TT GREAT BRITAIN TEL: +44 193-226-8755 FAX: +44 193-226-8756
OSLO, NORWAY:
CREW NORWAY AS DRONNINGEN 1 P.O. BOX A BYGDØY N-0211 OSLO NORWAY TEL: +47 2212-1650 FAX: +47 2212-1651
VANCOUVER, CANADA:
CREW GOLD CORP. SUITE 411 837 W.HASTINGS ST VANCOUVER, B.C. V6C 3N6 CANADA TEL: +1 604-683-7585 FAX: +1 604-682-0566 |
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