Bitumen Capital Appoints Mikhail Gurfinkel to its Board of Directors

MONTREAL, June 9, 2014 /CNW Telbec/ - Bitumen Capital Inc. (TSXV: BTM.H) (the "Company") is pleased to announce the appointment of Mr. Mikhail Gurfinkel to its Board of Directors to fill the vacant board position left by Mr. David A. Johnson.

Mikhail Gurfinkel is an entrepreneur, an investor and a company advisor.  Mr. Gurfinkel is currently serving as President and COO of Badlands NGLs LLC, a new petrochemical company working on a brownfield project in Texas and a greenfield project in North Dakota.  He also serves as a member of the Advisory Board of Colt Resources, a public company developing tungsten and gold deposits globally.  

Previously, Mikhail served as President and General Counsel, Americas Region, of Basic Element Company, a $20 billion Russian private industrial conglomerate focusing on energy, metals and mining, manufacturing and construction. In this capacity, he was responsible for sourcing, execution and portfolio management of the firm's regional investments as well as commercial matters.  He is responsible for the execution of strategic transactions valued at approximately $2 billion.

Prior to that tenure, Mr. Gurfinkel was a corporate attorney for over seven years at two of the world's leading law firms, Clifford Chance LLP and Hunton & Williams LLP, where he specialized in M&A, banking and securities law.  He represented a mix of Fortune 500 clients including industrials, financial institutions and real estate companies in a wide range of matters including corporate finance, real estate acquisition and development, venture capital investment, public and private investments and issuance of debt and equity. Mr. Gurfinkel has assisted both issuers and underwriters with public and private capital markets transactions, and has extensive experience in advising clients regarding governance and SEC compliance. Mr. Gurfinkel has a B.A. in philosophy and a Juris Doctorate from Boalt Hall School of Law at the University of California, Berkeley.

"We welcome the addition of Mr. Gurfinkel to the Board. His transactional background will be an excellent complement to the current Board of Directors", states Richard Groome, President and CEO, Bitumen Capital Inc.

The appointment is subject to TSX Venture Exchange approval.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Bitumen Capital Inc.

Mr. Richard Groome, President and Chief Executive Officer, Bitumen Capital Inc., [phone], [email protected]