TORONTO, ONTARIO--(Marketwire - June 4, 2012) - NSR Resources Inc. ("NSR" or "the Company") announces that Mr. Rishi Tibriwal has been appointed to the position of Chief Financial Officer ("CFO") of NSR with effect from June 1, 2012. The Board of Directors have also approved a grant of 150,000 stock options to Mr. Tibriwal under the Company's existing share option plan. These options vest immediately and are exercisable at a price of CAD$0.10 per share for a period of five years.
Mr. Tibriwal was recently an audit partner at Ernst and Young LLP and brings a wealth of experience in the mining industry. He is a Chartered Account and holds a CFA and MBA.
On behalf of the Board, Robert Spiegel, President and Chief Executive Officer said, "We are confident that Rishi's experience will be a significant asset as we continue on our strategic path to grow the company".
Mr. Tibriwal is replacing Mr. W Ross Abbott, following Mr. Abbott's retirement as CFO after over 40 years of service to NSR. Mr. Abbott will continue as the Corporate Secretary and as a Director of the Company. Mr. Spiegel stated, "I would like to thank Ross for his many years of service to the Company. Ross's intimate knowledge of our corporate history and principal asset, the Rand Malartic property, has been important in informing our current planning and strategic direction. He remains a valued strategic advisor as we move towards active operations."