VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2012) - Galore Resources Inc. (News - Market indicators) is pleased to announce the appointment of Mr. Uwe Schmidt, P. Geo. as President of the Company. Mr. Schmidt was originally Galore's VP of Exploration from 2006, shortly before Galore began trading on the TSX-V, initially focusing on the development of the Company's Taseko Property and then on to expanding exploration into Mexico until July 2011. His exploration experience since graduation from U.B.C. in 1971, with a B.Sc. degree in Geology, has included base and precious metals and industrial minerals in Canada, Mexico and Peru. Mr. Schmidt is a professional geologist registered with the Association of Professional Engineers and Geoscientists of B.C.
Mr. Michael Byrne, the Company's former President, will continue as the Company's Chief Financial Officer and as a Director. Mr. Bill Coulter has retired as the Company's Chairman and as a Director, but will continue to assist the Company in an advisory capacity.
Mr. Uwe Schmidt will be assuming the duties as the Company's VP of Exploration and as the Company's Qualified Person. The Company no longer will be using the services of Mr. Terry Brown. Additionally, the Company has concluded its contract with Ms. Erica Bearss and no longer will she be the Company's VP Corporate Communications. All future shareholder communications will be handled by Ms. Amanda Fales, Manager Corporate Affairs. We thank Messrs. Coulter, Brown and Ms. Bearss for their service to the Company.
Galore currently is reviewing bids to perform a ZTEM Survey on the northern area of its 100% owned Dos Santos project, in Mexico, most notably the El Alamo target, and bids to perform a Gravity Gradiometry flyover on the southern 2/3rd of the project which includes the La Palma target. Further, the Company is compiling a data package on its 90% owned Taseko Property in BC, with a plan to seek potential partners on the project.
The Company has reduced monthly expenditures by over 60%. "Going forward we feel we have a much leaner Company with a superior depth of commitment and expertise. We have the knowledge and people necessary to execute our growth initiatives. We thank our many stockholders and investors for staying the course and we welcome new ones. We are excited about the future of Galore Resources Inc.," states Michael McMillan, the Company's Chief Executive Officer.
Galore Resources is a B.C. based public exploration company focused on exploring its promising wholly owned, gold-silver project in Mexico and its copper-gold project in British Columbia.
Mr. Michael McMillan, Chief Executive Officer
Explore. Drill. Discover.
Cautionary Note Regarding Forward-Looking Information: The Company expressly warns readers not to rely on the information herein for investment or other related purposes. Accordingly, any use of this information is at your own risk and without liability to the company. The information contained herein is not, and under no circumstances is to be construed as either a public or a private offer or solicitation to purchase securities in the capital stock of Galore Resources Inc. The reader is referred to his/her professional investment advisor regarding investment or related decisions respecting the securities of the company. No securities commission or similar regulatory authority has passed on the merits of or reviewed the information contained herein.
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.