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Dr. Mike de Wit Joins Tsodilo Resources Limited Board of
Directors
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TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the
"Company") (TSX Venture Exchange: TSD) is pleased to announce the
appointment of Dr. Michiel 'Mike' de Wit to its Board of Directors as a
non-executive director, effective November 1, 2009.
Dr. de Wit has extensive experience in the
Diamond industry, having
begun his career as an exploration geologist for the Geological Survey
in South Africa prior to joining De Beers for whom he worked for 29
years. Dr. de Wit managed various exploration programs for De Beers in
Africa which led to a number of kimberlite discoveries. Prior to his
most recent appointment as President and CEO of BRC
DiamondCorporation, he was general manager for De Beers in the Democratic
Republic of the Congo ("DRC"), and prior to that Dr. de Wit was
responsible for all exploration programs for De Beers in Africa. In
addition to MSc degrees in geophysics and sedimentology from the
Universities of Pretoria and Reading (UK) respectively, Dr. de Wit
holds a PhD degree from the University of Cape Town where he focused on
the alluvial
Diamond distribution of western South Africa. He brings
some 33 years of exploration experience to the Company.
Dr. de Wit is currently consulting to the Company focusing on the
Company's current kimberlite exploration projects; identifying and
evaluating new
Diamond properties for acquisition in Botswana; and, on
increasing the existing exploration efforts on the Company's
prospective base and precious metals projects. Mike de Wit commented:
"I am very much looking forward to the new challenges that lie ahead
with Tsodilo Resources Limited and building on the solid foundation
that has been established in Botswana in both their
Diamond and metals
exploration projects."
James M. Bruchs, said, "Mike's wealth of expertise in the
Diamondindustry and specific exploration knowledge of Botswana and Africa will
complement the in-country expertise of the Company. The appointment
comes at a time when Tsodilo is ready to increase its exploration of
the significant portfolio of
Diamond and metals projects that it has
secured in Botswana and to evaluate and pursue opportunities in
Southern Africa.
In connection with Dr. de Wit's appointment, the Company has granted to
Dr. de Wit, pursuant to the terms of the Company's stock option plan,
stock options to purchase 100,000 common shares of the Company
exercisable at a price of Cdn$0.55 per share for a period of five
years.
Tsodilo Resources Limited is an international
Diamond exploration
company engaged in the search for economic kimberlites at its Newdico
(Pty) Limited ("Newdico') and Gcwihaba Resources (Pty) Limited
("Gcwihaba") projects in northwest Botswana. The Republic of Botswana
is the leading producer of diamonds, by value, in the world and its
mines are amongst the most profitable. The country is democratically
ruled, boasting a growing economy and a stable political environment.
Tsodilo has an 95% stake in Newdico (9,400 sq. km under
Diamondlicense) while Trans Hex Group, a South African
Diamond mining and
marketing company, holds the remaining 5%. The Gcwihaba project area is
100% held by the Company and consists of 4,310 sq. km under
Diamondlicense and 13,400 sq. km under metals (base, precious, platinum group,
and rare earth metals). Tsodilo Resources Limited manages the
exploration of both the Newdico and Gcwihaba license areas. Please
visit the Company's website, www.TsodiloResources.com, for additional
information and background on our projects.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release. This
news release may contain assumptions, estimates, and other
forward-looking statements regarding future events. Such
forward-looking statements involve inherent risks and uncertainties and
are subject to factors, many of which are beyond the Company's control,
which may cause actual results or performance to differ materially from
those currently anticipated in such statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
James M. Bruchs - President and Chief Executive Officer
E-Mail - JBruchs@TsodiloResources.com
Head Office - Telephone +1 416 572 2033 Facsimile + 1 416 987 4369
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Copyright (c) 2009 TSODILO RESOURCES LTD. (TSX-TSD) All rights
reserved. For more information visit our website at
http://www.tsodiloresources.com/ or send
mailto:info@tsodiloresources.com
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