Medoro Resources Announces Board Appointment
08 Februar 2011 - 1:54AM
Marketwired
Medoro Resources Ltd. (TSX: MRS)(TSX: MRS.WT) announced today that
it has appointed Hernan Juan Jose Martinez Torres to its Board of
Directors, effective immediately. Mr. Martinez's appointment fills
a vacancy on the Board that was left after the resignation of a
director of the Company in September 2010.
Mr. Martinez has served as the Colombian Minister of Mines and
Energy from July 2006 to August 2010 and he has also served as
President of International Colombia Resources Corporation,
President of Atunec S.A., President and Chief Executive Officer of
Exxon Mobil Colombia S.A., and Manager of Corporate Planning for
Esso Colombiana S.A. Mr. Martinez currently sits on the Board of
Directors of CB Gold Ltd., and previously, was a director of
various private and public companies, including Interconexion
Electrica S.A. ESP, Transmision Electrica S.A., and Inversura S.A.,
ISAGEN Energia Productiva, and was Chairman of Cart Escopetorl. Mr.
Martinez has also served as Council President and Representative of
the President of Colombia at the National Hydrocarbons Agency. Mr.
Martinez holds a degree in Chemical Engineering from Universidad
Pontificia Bolivariana, and specialized in Petroleum Management at
Northwestern University.
"We are delighted that Mr. Martinez has joined the Medoro Board.
As the former Colombian Minister of Mines and Energy, Mr. Martinez
brings to Medoro considerable knowledge and experience in the
mining industry, particularly in Colombia," said Serafino Iacono,
the Interim President and Chief Executive Officer of Medoro.
About Medoro Resources Ltd.
Medoro Resources Ltd. is a gold exploration, development and
mining company with its primary focus being the development of a
large-scale, open-pit mine at Marmato in Colombia. Medoro also has
a 5% interest in the former Frontino Gold Mines Ltd. properties in
Colombia with an option to increase its interest to 50%. Medoro
also holds a 100% interest in the Lo Increible 4A and 4B
concessions in Venezuela, as well as interests in gold exploration
properties in Mali.
Additional information on Medoro Resources Ltd. can be found on
the Company's website at www.medororesources.com and by reviewing
the Company's profile on SEDAR at www.sedar.com.
This news release contains "forward-looking information", which
may include, but is not limited to, statements with respect to the
future financial or operating performance of Medoro and its
projects. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or variations (including
negative variations) of such words and phrases, or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of Medoro to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Forward-looking statements contained
herein are made as of the date of this press release and Medoro
disclaims, other than as required by law, any obligation to update
any forward-looking statements whether as a result of new
information, results, future events, circumstances, or if
management's estimates or opinions should change, or otherwise.
There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, the reader is cautioned not to place undue reliance on
forward-looking statements.
Contacts: Medoro Resources Ltd. Greg DiTomaso (647) 436-2592
www.medororesources.com