December 15, 2014 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or”Dunnedin”) (TSX-V: DVI) is pleased to announce the appointment of Mr. Gary Schellenberg to theCompany’s Board of Directors.
Mr. Schellenberg has over 30 years of mineral exploration and public company management experience including diamond exploration in the Northwest Territories. Mr. Schellenberg was a founding director of Winspear Resources Ltd., which discovered the Snap Lake diamondiferous kimberlite and sold the project to De Beers for $305M in the 1990’s. Mr. Schellenberg is President of Coast Mountain Geological Ltd., a geological consulting group, and serves as CEO and director of a number of publicly listed mineral exploration companies.
“Mr. Schellenberg brings practical experience in diamond exploration and a track record of successful project development to Dunnedin’s board,” said Chris Taylor, Dunnedin’s CEO. “The Company will put these skills to full use as it develops the Kahuna project into a leading Canadian diamond exploration and development story.”
For further information please contact Mr. Chris Taylor, M.Sc., P.Geo, CEO at 604 681 0084, or Allan Barry Laboucan, Special Advisor at 604 505 4753.
On behalf of the Board of Directors
Dunnedin Ventures Inc.
Chief Executive Officer
About the Kahuna Project
Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Three main diamondiferous kimberlite dikes have been drilled and bulk sampled and returned grades of 0.85 to 2.18 carats per tonne, the Kahuna, PST and Notch. Mineral resource estimates have not yet been published for these targets, however the kimberlites yielded high macro diamond counts and diamonds over one carat in size. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. The dikes have comparable strike lengths, widths and grades to producing diamond mines and occur within a broad network of largely untested geophysical targets, overlain by dense diamond indicator mineral trains.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements concerning our plans, intentions andexpectations, which are not historical in nature are intended to be, and are hereby identified as,”forward-looking statements”. Forward-looking statements may be identified by words including”anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.