GWR Appoints John Brown as Acting President and CEO, Purchases Lac La Hache Facility
ARMSTRONG, BRITISH COLUMBIA — GWR Resources Inc. (the “Company” or “GWR”) (TSX Venture: GWQ) is pleased to report that a series of positive management and administrative changes are underway which better support anticipated growth as the company moves forward. These changes will allow improved operational control, transparency and accountability to our shareholders.
As an interim measure, the Board of Directors has appointed John K. Brown, currently a Director and Chairman of the Board, to serve as President and CEO on an acting basis, while the Board reviews suitable candidates for the position(s).
The Company has completed the purchase of the Lac La Hache facility, reducing related monthly rental fees. To further reduce overhead, the Company has closed the Armstrong office, to amalgamate its Corporate and Field operations in Lac La Hache. Drilling planned under the 2011 summer/fall exploration program at Lac La Hache is well funded and will be conducted under a tendering process. Funding details will be announced shortly.
GWR is an active mineral exploration company currently exploring for gold and base metals on two properties within Canada. The Lac La Hache copper-gold porphyry project hosts multiple zones containing commercial grades of gold, copper, silver and magnetite. The project is located in British Columbia’s prolific Quesnel Trough between producing mines at Imperial Metals’ Mt. Polley Copper-Gold Mine and New Gold Inc.’s New Afton Copper-Gold project (Teck-Cominco’s legendary Afton mine). The Lac La Hache project is well-served by rail, road and power infrastructure. The Sainte Sabine gold (+Ag, Zn, Cu) property is located within the Bellechasse Mineral Belt in southeastern Quebec, adjacent to known zones on Golden Hope Mines’ Bellechasse Project.
This news release may contain “forward-looking statements”. Readers are cautioned that any such statements are not guarantees of future performance and that actual development or results may vary materially from those in these “forward looking statements”.
For further information, please contact:
Responsible Officer: John Brown, Acting President
NEW Company Telephone Number: (250) 542 8797
NEW Company Fax Number: (250) 545 9520
NEW Company Address: 4281 S. Cariboo Hwy 97 S., Lac La Hache, BC V0K 1T0
Administration Mailing Address: PO Box 545, Armstrong, BC V0E 1B0
Neither the 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 release.