Minaurum Gold Inc. ("Minaurum") is pleased to announce that it has appointed Lawrence Talbot to the Board of Directors and Cale Moodie to the position of Chief Financial Officer.
Lawrence W. Talbot is a mining lawyer with over 24 years experience representing a wide range of clients in the mining industry, from junior and mid-size explorers and producers through to major mining companies. He has extensive experience acting for public natural resource companies and providing advice on all aspects of their businesses, including corporate finance, securities and regulatory matters, corporate governance and shareholder issues, and all aspects of corporate acquisitions, takeovers, divestitures and reorganizations. He is a director and/or officer of a number of public natural resource companies, including Cardero Resource Corp., International Tower Hill Mines Ltd., Wealth Minerals Ltd., Balmoral Resources Ltd. and Remstar Resources Ltd.
Cale Moodie previously served as the Chief Financial Officer of Underworld Resources Inc. prior to its acquisition by Kinross in 2010. He currently serves as Chief Financial Officer to Full Metal Minerals Ltd, Brixton Metals Corp. and Entourage Metals Ltd. Prior to Underworld Resources Inc., Mr. Moodie acted as Chief Financial Officer and was a Director for Sierra Geothermal Corp., which was subsequently acquired by Ram Power in 2010. Mr. Moodie worked in public practice accounting at KPMG LLP's Vancouver Industrial Markets Group for a number of years where he focused on audits of public mining and resource based companies. Mr. Moodie is a Chartered Accountant in good standing with the Canadian Institute of Chartered Accountants and the Institute of Chartered Accountants of British Columbia.
As part of these appointments, Minaurum has granted 250,000 incentive stock options under its stock option plan to directors and officers. The options are exercisable on or before March 11, 2016, at a price of $0.78 cents per share.
Minaurum also announces the resignation of Darryl Cardey as Chief Financial Officer. The Board wishes to thank Darryl for his contributions to the Company.
Minaurum is a gold and silver explorer focusing on gold-dominant metals deposits in Mexico. The Company is currently advancing a portfolio of projects including the Aurena gold-skarn project.
ON BEHALF OF THE BOARD
"Darrell A. Rader"
Darrell A. Rader
President and CEO
1500 - 409 Granville St.
Vancouver, BC V6C 1T2
Telephone 778 330-0994
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 press release, which has been prepared by management.
Forward Looking Statement: Some of the statements contained in this press release are forward-looking statements. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control, including, but not exclusively, statements regarding potential mineralization, exploration results, completion of work program and studies, and future plans and objectives of the Company. Resource exploration, development and operations are highly speculative, characterized by a number of significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate, including, among other things, unprofitable efforts resulting not only from the failure to discover mineral resources but from finding mineral deposits which, though present, are insufficient in quantity and quality to return a profit from production.