Magnetite Mines Limited announced the appointment of Mr. Sam Chee as Strategic Advisor to assist with project financing for the Razorback High Grade Iron Ore Project. Mr. Chee is a highly experienced investment banker with over 27 years of banking and finance experience across financial advisory, debt arranging & structuring mandates in the Mining, Energy and Infrastructure sectors. In particular, he played a key role in the financing of Hancock Prospecting's Roy Hill iron ore business which included lead structuring & commercial negotiations for the USD 7.2 billion financing package ­ the largest debt financing for a greenfields mining project in the world. Prior to his role with Sumitomo Mitsui Banking Corporation, Mr. Chee held senior roles with Australia & New Zealand Banking Group Limited, WestLB AG, NM Rothschild, National Australia Bank Limited and PricewaterhouseCoopers. Mr. Chee is also an experienced chartered accountant.