Allana Resources Appoints Nejib Abba Biya
Mr. Abba Biya is a graduate of the University of Toronto and holds a Bachelor of Commerce in Finance. In addition to his recent work in the resource sector, Mr. Abba Biya founded and operated several technology companies in Canada. Mr. Abba Biya was born in Ethiopia and has over 20 years of management experience including senior positions with multinational companies. Mr. Abba Biya has been very involved in the African community in Canada and co-founded the Canadian African New Comers organization and was Chairman of the African Training and Employment Center, a non-profit organization that provided training to new Canadians.
In 2007, Mr. Abba Biya was instrumental in Avion’s acquisition of gold and base metal properties in Ethiopia. Through his work in Ethiopia in the business and resource sector, Mr. Abba Biya has developed strong support in the government for the mining industry and maintains strong relations with the federal government.
Mr. Abba Biya will focus on maintaining strong government relations and assist in permitting exploration activities at Allana’s potash project in the Danakil evaporate basin. Mr Abba Biya is based in Allana’s corporate office in Toronto and also maintains a residence in Ethiopia.
Allana’s Ethiopia Potash Project is comprised of three mineral concessions in Ethiopia’s northeastern Danakil Depression totaling approximately 150 square kilometers. The project area is approximately 100 km from the Red Sea coast and the sea port of Mersa Fatma, Eritrea and 600 km via road from the deep water port of Djibouti. Allana’s concessions have an inferred resource estimate of 105,200,000 tonnes of potash mineralization (Sylvite and Kainite) with a composite grade of 20.8 % KCl (See News Release Sept. 17, 2008) that is open along strike and to depth. Potash deposits of the Danakil Depression are unique due to their shallow depth and may be amenable to open pit or solution mining.
Farhad Abasov, Allana’s President and CEO, stated: “We are very pleased that Mr. Abba Biya has joined Allana to assist our potash exploration program in the Danakil Depression in Ethiopia and to facilitate continuing government support. Mr. Abba Biya brings strong network and extensive experience operating in Ethiopia. Mr. Abba Biya will play a key role in maintaining strong government relations and advancing permitting process in Allana’s potash project.”
Peter J. MacLean, Ph.D., P. Geo., Allana’s Senior VP Exploration, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information presented in this release.
About Allana Resources Inc.
Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally and recently optioned a previously explored potash property in Ethiopia with 43-101-compliant inferred resources of over 100 million tonnes with a composite grade of 20.8% KCl. Allana has approximately 49 million shares outstanding and trades on the TSX-Venture exchange under the symbol “AAA”.