Toronto, Ontario
April 29, 2008
Press
Release 07 – 2008
Nayarit Gold announces appointment of Megan
Spidle
as Chief Financial Officer
Nayarit
Gold Inc. (TSXV: NYG) is pleased to announce the appointment of Megan Spidle as Chief
Financial Officer effective May 12, 2008.
Ms. Spidle is a Chartered Accountant
with over 10 years experience in public practice, most recently as a Senior
Manager of Assurance and Advisory Services at Deloitte & Touche, LLP.. Ms. Spidle also worked as Manager of Financial
Reporting for Duke Energy, and was responsible for the financial accounting and
reporting including the oversight of the quarterly and annual financial
statements. Ms. Spidle is a David Hope Honour Role Recipient and was the
Nova Scotia Bronze medallist for the Canadian Institute of Chartered
Accountants Uniform Final Examination.
“We are extremely
pleased to have Ms. Spidle join Nayarit’s management team,” stated
Colin Sutherland, President & CEO. “Ms.
Spidle brings tremendous financial leadership to our rapidly growing
organization. With the addition of Ms. Spidle to the management team, we
have now fully transitioned all corporate functions to Halifax, Nova Scotia
and have reduced corporate overhead costs dramatically.”
The Board of Directors and
Management team would like to thank Mr. Dennis Waddington, the
Corporation’s former Chief Financial Officer, for his valuable
contribution to the Company since inception.
The Board of Directors has granted
2,440,000 options under the incentive stock option plan previously approved by
shareholders to directors, officers, employees and consultants. Of this
total, 1,215,000 options were granted to officers of the Company. The
options are exercisable at $0.50 and expire on April 25, 2013.
Nayarit Gold Inc. is a Halifax based junior resource company dedicated to gold
exploration in the proven precious metal districts of Mexico. Management’s
goal is to build a profitable resource company and maximize shareholder value
through successful exploration programs and continued development.
For further information on Nayarit
Gold please visit the company’s website at www.nayaritgold.com or
contact:
Mr. Colin P. Sutherland
President & CEO
(902) 252-3833
info@nayaritgold.com
CAUTIONARY
STATEMENT
The
TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission or
other regulatory authority has approved or disapproved the information
contained herein. This News Release includes certain
“forward-looking statements”. All statements other than
statements of historical fact, included in this release, including, without
limitation, statements regarding potential mineralization and reserves,
exploration results, and future plans and objectives of Nayarit,
are forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate
and actual results and future events could differ materially from those anticipated
in such statements. Important factors that could cause actual results to
differ materially from Nayarit’s expectations
are exploration risks detailed herein and from time to time in the filings made
by Nayarit with securities regulators.
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