DRAGOON, Ariz., April 5, 2005 (PRIMEZONE) -- Nord Resources Corporation (Pink Sheets:NRDS) is pleased to announce the appointment of Mr. John T. Perry as Senior Vice President and Chief Financial Officer. Mr. Perry has over 15 years of mining and metals industry experience, primarily with BHP Billiton, having served as Vice President Finance for BHP Billiton Base Metals and President of BHP Copper Inc. He is a C.P.A. and holds an undergraduate degree in Accounting and Finance as well as an M.B.A. from the University of Arizona. Mr. Perry stated, "I am very excited about Nord's prospects and the opportunity to help build value for its shareholders."
Ron Hirsch, Chairman and CEO, commented: "We are extremely fortunate to have someone of John's caliber join the Nord Resources team. His strong record of accomplishment, broad mining background, and experience will help provide the leadership to define and guide Nord's future growth. We now have our senior management team in place and are in position to advance the company to a mid-tier base metals producer."
Additional Claims Staked at Coyote Springs
Recently, 31 additional claims (642 acres) were added to the west and southwest of the Coyote Springs property. The claims to the southwest are located over a known geophysical anomaly. The Company now controls over 5 square miles in Arizona's highly prospective Safford Mining District. Additional geophysical surveys followed by drilling are planned for 2005.
The Coyote Springs property borders Phelps Dodge Corporation's Dos Pobres copper development project near Safford, Arizona. Four major copper resources have been defined in the district in the vicinity of the Foothills Fault. These are the Sanchez, Lone Star, San Juan, and Dos Pobres copper resources. Virtually all of these deposits were initially located through the use of geophysics guided by regional geologic surveys.
About Nord Resources Corporation:
Nord Resources is an Arizona-based natural resource company focused on near-term copper production from its Johnson Camp Mine and the exploration for copper, gold and silver at its properties in Arizona and New Mexico. The Company also owns approximately 5.1 million shares of Allied Gold Limited, an Australian company. In addition, the Company maintains a net profits interest in Sierra Rutile Limited, a Sierra Leone, West African company that controls the world's highest-grade natural rutile deposit.
Any statements made in this press release which are not historical facts contain certain "forward-looking statements," as such term is defined in the Private Securities Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.
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