Chibougamau Independent Mines Inc. announced that Mr. David Lotan has been appointed to the Board of Directors of the Corporation. David Lotan is the President of Lotan Holdings Inc. Lotan was previously the founder and CEO of the structured finance operations of Polar Capital, a Canadian merchant bank and alternative asset manager, portfolio manager for the Ontario Teachers’ Pension Plan, and a risk management consultant with PricewaterhouseCoopers focused on commodities and rates. Mr. Lotan is a Chartered Accountant and CPA. He is also a director of Aurion Resources Ltd. The appointment of David Lotan to the Board of Directors are subject to approval by the TSX Venture Exchange.