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ICS Copper Systems Ltd

Appointment of Chairman & New Director to the Board of Directors

Abbotsford, British Columbia (ots/PRNewswire)

ICS
Copper Systems Ltd. (ICS) (ICX:TSX.V) is pleased to announce the
appointment of Mr. Richard Molyneux to the position of Chairman of
the Board of Directors.
The Company wishes to express its gratitude to the outgoing
Chairman, Mr. Mel Smale, who will stay on as a Director. Mr. Smale
has been the Chairman of ICS since the Company went public and has
served the position admirably.
Mr Molyneux graduated with a BSc (Honours) in Geology from
Capetown University in South Africa. He worked for Anglo American in
South Africa in the mid 1970's conducting fieldwork that led to the
discovery of the Venetian Diamond Mine in South Africa. With DeBeers
he was appointed Resident Geologist at the Premier Diamond Mine in
1976 where he remained until 1983. Richard was then appointed Chief
Geologist for Namaqualand Mines and subsequently appointed General
Manager in 1995 overseeing a workforce of over 2,000. Richard was
appointed President and CEO of DeBeers Canada Corporation in 2000
based in Toronto. During the six years that Richard was in this
position approval was obtained for the construction of the Snap Lake
and Victor Mines. Mr Molyneux retired from DeBeers in May, 2006.
New Director - Robert Sandford Stewart
The Company also wishes to announce the appointment of Mr. Robert
Sandford Stewart to the Board of Directors effective August 19th,
2008. An Economist, Financier, Chairman and CEO of numerous mining
and petroleum companies, Mr. Stewart started his career with Hudson's
Bay Mining and Sherritt in the base and precious metal mines in
Northern Manitoba. From there he transferred to East, Central and
Southern Africa where he financed, developed or sold a number of
large mining, petroleum and infrastructure projects with partners
Falconbridge, Bechtel, American Mineral Fields, Krupp, Electrowatt,
and CDC London. As Chairman of telecom, mining, biotech and natural
gas companies, he lived over 30 years in Zurich, London and New York
as well as worked with the IFC/World Bank to finance some of the
largest projects in Africa. His leadership in writing the Master Plan
for the Reconstruction of the DRC remains a major milestone laying
out the future of all mining and infrastructure developments for that
country.
Stock Options Granted to Robert Sandford Stewart
Under the Company's 2006 Incentive Stock Option Plan, there are
2,971,387 Options available to purchase Common Share of the Company.
The Company has previously issued 2,150,000 Options to Directors and
Officers. On August 19th, 2008 the Company issued 200,000 options to
Robert Sandford Stewart at an exercise price of $0.44 per share.
These options will expire on August 19th, 2013. The Company has
821,387 shares remaining for issuance under the plan.
President and CEO of ICS Graham Chisholm comments: "A special
note of thanks to Mel for his valuable past contributions as
Chairman. We now welcome Richard to that position and welcome Robert
as Director. We are honoured to have men of this calibre on our
board."
About ICS
The company's flagship project the Mokambo Property is located in
the heart of the famous Central African Copperbelt, near Mufulira,
Zambia. The company has completed a 10,300 meter drill program and
expects the NI 43-101 Resource Report, prepared by Coffey Mining, to
be announced in September 2008. Over the last year ICS has built a
mining compound and is nearing completion of its EMEW Plant
installation which is scheduled to start processing third party ore
in Q4 2008.
ICS COPPER SYSTEMS LTD.
    Signed
    "Graham Chisholm" Graham Chisholm,
    President & CEO
This release includes certain statements that are
"forward-looking statements". All statements in this release, other
than statements of historical facts that address future exploration,
development and production activities, and other circumstances,
events and developments that the Company expects, are forward-looking
statements. Although management believes the expectations expressed
in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance, and actual results, events and developments may differ
materially from those in the forward-looking statements. The
occurrence of certain risk factors, the probability of which is
unknown, may also affect actual results, events and developments
expected by the Company.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
    Graham Chisholm,
     graham@icscopper.com,
    Office: +1-604-859-3007;
    Cell: +1-604-302-0746;
    For Investor Relations:
    Brett Whitelaw,
     brett_whitelaw@telus.net,
    Tel: +1-604-662-8633;
    Web Page: http://www.icscopper.com

Contact:

For further information: Graham Chisholm, graham@icscopper.com,
Office: +1-604-859-3007; Cell: +1-604-302-0746; For Investor
Relations: Brett Whitelaw, brett_whitelaw@telus.net, Tel:
+1-604-662-8633

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  • 10.06.2008 – 18:39

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