UC Resources Ltd.: Vancouver, British Columbia: Trading Symbol: TSX-V: UC
UC Resources Ltd. ("UC" or "the Company") is pleased to announce that Mr. Gary Monaghan has been appointed as Chief Executive Officer (�CEO�), effective immediately.
Mr. Monaghan, age 51, has been active in the mining industry since 2005, as a director of UC Resources Ltd. Mr. Monaghan has over 25 years of senior management experience in the communications industry working for companies such as Shaw Communications, Rogers Communications, and MDU Communications. He was the President and founder of MDU Communications Inc. (OTCBB: MDTV) from September 1998 to May 2001. Mr. Monaghan is a Director of Encap Investments Inc. a capital pool company (TSX-V: ENC.P) and Wind River Energy Corp (TSX-V: WVR) a natural gas company.
For the past decade, Mr. Monaghan has been operating his own consulting company and has provided services to various companies from initiating company start-ups and financings to union, legal or contract negotiations and determining successful administration, marketing and operations within companies.
UC is pleased to announce that Mr. Jim Voisin will remain as President and Chief Operating Officer. The Company has initiated this management transition to enable and maximize certain skill sets within its executive team and to provide the best possible result for the company and its shareholders. The Company management is focused to capitalize on the opportunities from its efforts at the McFaulds Lake area (�Ring of Fire�) and its milling operations at La Yesca.
The company continues to ramp up the throughput rate in a progressive manner to optimize the milling operations at La Yesca and focus on recovery rates which still have significant room for improvement. The company remains determined to move these milling operations to a consistent state where it will be able to announce successful commercial production.
UC Resources is an active explorer of base metals and chromite in the McFaulds Lake area ("Ring of Fire") of the James Bay Lowlands, Ontario, as well as an explorer and producer of precious metals in Mexico.
On behalf of the Board of Directors,
Gregory Roberts
Director
For further information contact:
Mr. Gary Monaghan
CEO
250-864-2113
Email: monaghan@ucresources.net
We seek safe harbour.
Investors are invited to visit the UC Resources IR Hub at http://www.agoracom.com/ir/UCResources where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to UC@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the potential mineralization and geological merits of the McFaulds/La Yesca properties and other future plans, objectives or expectations of the Company 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 the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.