Hillary Clinton's 'Spread the Wealth' Call to African Oil Firms Praised by Gold Star Resources Humanitarian Society
13 August 2009 - 3:30PM
PR Newswire (US)
"Oil and Gas Revenues Need To Become A Blessing Instead of a Curse
in Africa" VANCOUVER, Aug. 13 /PRNewswire-FirstCall/ -- "African
oil and gas exploration companies need to listen to U.S. Secretary
of State Hillary Clinton's call to spread the wealth in African
nations where there is a definite need for improved medical,
educational, and nutritional necessities," said Patrick Morris,
spokesman of the Gold Star Resources Humanitarian Society
(http://www.goldstarresources.com/) based in Vancouver, British
Columbia. "Oil and gas revenues need to be a blessing instead of a
curse in Africa. The oil and gas industry operating in Africa must
directly help Africans help themselves by reinvesting its revenues
inside African countries," stated Morris. U.S. Secretary of State
Clinton visited a number of African nations over the past week and
specifically advocated for oil revenues to directly improve the
lives of all Africans. The Humanitarian Society was created as part
of Gold Star Resources Corporation (TSX-V;GXX; OTC Bulletin Board:
GXXFF) and operates as a nonprofit organization seeking to
contribute to the economic and social welfare of West African
nations. Gold Star Resources is the first Canadian-based junior oil
and gas exploration company focusing on 'onshore' projects in West
Africa. According to Morris, "African oil and gas exploration
companies need to reinvest their revenues inside Africa because
that action will immediately help the African people and galvanize
economic growth on the African continent. It's critical for oil and
gas companies, large and small, to look beyond just the energy
resource wealth in Africa. We must as an industry help Africans
overcome economic and social challenges. We must help African
governments create a positive environment for stable economic and
political growth. Africa today is what Asia was in the 1980s, a
region of tremendous economic potential. I'm calling on my own
industry leaders to reinvest their company revenues in the new
Africa and become a true economic and investment partner." Gold
Star Resources Humanitarian Society recently announced that it will
assist West African communities within the boundaries of Gold Star
Resource Corp.'s initial permit area beginning in Liberia. "We will
expand the program into our second largest concession acquisition,
onshore Cote d'Ivoire and communities in the District of Aboisso,
near the border of Ghana," Morris said. "The Society's mission is
to contribute to a better way of life for the local people through
humanitarian programs. Funding will be deposited on an ongoing
basis to meet the needs of our agreements with the government."
DATASOURCE: Gold Star Resources Corp. CONTACT: Patrick Morris,
President and CEO for Gold Star Resources Corp, +1-604-641-4450,
Web Site: http://www.goldstarresources.com/
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