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Re: News Release - Friday, September 28, 2007
Boss Power Corp. Re-organization; New Chair and CEO Announced
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Boss Power Corp. (BPU on the TSX Venture Exchange) is pleased to
announce that it has now appointed a new Board of Directors and
Management for the permitting and development of its 100% owned
Blizzard uranium deposit in the Greenwood Mining Division in
south-central British Columbia. The new Board and management team will
consist of:
President, CEO and Director - Dr. David M. Stone, MBA, P.Eng.; Dave
has 30 years of engineering and financial consulting experience to
underground and surface metal mines worldwide. He has managed and led
multi-disciplinary project teams through pre-feasibility and
feasibility level evaluations of development stage projects, and has
contributed to the engineering, design and construction of several
mines. His mining expertise includes scoping and feasibility studies
for open pit and underground projects, and an extensive international
knowledge of current mining best practices, environmental permitting,
mine planning and production scheduling, capital and operating costs,
equipment selection, and financial analyses. Dr. Stone spent his early
years in Naramata and went to school in Penticton, B.C. He received
his B.A.Sc. in Geological Engineering from UBC and went on to complete
a Ph.D. in Civil Engineering at Queen's University at Kingston where he
returned in 2002 to complete an MBA. He is a licensed professional
engineer in numerous Canadian and US jurisdictions.
Chairman - Ron Netolitzky, M.Sc.; Ron is past-Chairman of Viceroy
Exploration and current President and CEO of Santoy Resources Ltd. and
director of numerous other public and private junior exploration and
development companies. Ron has 40 years of technical and managerial
experience in the mining industry and was instrumental in the
development of the Snip and Eskay Creek mines in British Columbia, and
the Brewery Creek heap leach gold mine in the Yukon. Ron was voted
Prospector of the year in 1991 by the Prospectors and Developers
Association of Canada.
Director - R. Stuart (Tookie) Angus, LLB; Tookie is the former Managing
Director of Mergers and Acquisitions for Endeavour Financial in
Vancouver. Prior to joining Endeavour, he was a law partner at Fasken
Martineau DuMoulin and headed that firm's Global Mining Group. For
over 25 years, Tookie has focused on significant international mining
exploration and development projects and has been a director of
numerous mining companies, including Canico Resource Corp. and Bema
Gold Corp.
Director - John H. Bowles, FCA; John retired in 2006 as a partner in
the audit practice of PricewaterhouseCoopers in Vancouver and was the
leader of their British Columbia mining practice. John is a director
of HudBay Minerals Inc. and Hecla Mining Company and a Fellow of the
Canadian Institute of Mining, Metallurgy and Petroleum. John has
lectured for the Canadian Institute of Chartered Accountants, the
Certified General Accountants and the University of British Columbia.
Director - Doug Brooks; Doug was President of Boss Gold International
Corp. during the reverse take-over transaction. Doug spent 33 years as
an Investment Advisor at Richardson Greenshields of Canada Ltd.
Vice-President, Exploration - Rupert Allan, P.Geol.; Rupert has 39
years of technical, managerial and permitting experience in the mining
exploration industry and is currently director of several public
companies, including Skeena Resources, Brett Resources and Great
Western Diamonds. He is also a technical advisor to Santoy Resources
Ltd., one of the major shareholders of Boss Power, and was instrumental
in Santoy's acquisition of the Blizzard project.
Vice-President, Corporate Development - Randall S. Rogers, M.Sc.; Randy
obtained his M.Sc. at Queen's University at Kingston in 1971 and was a
geologist with Noranda Exploration for many years. He has recently
retired from a distinguished career in the Royal Canadian Mounted
Police where he specialized in securities and mining investments. He
provided advice to the Mining Standards Task Force of the TSE and the
OSC.
Chief Financial Officer - Karen Allan, CMA; Karen is also CFO for
Santoy Resources.
Legal counsel for Boss Power will be Fasken Martineau of Vancouver.
The prior auditors for Boss Gold International Corp., Amisano Hanson of
Vancouver have resigned, and PricewaterhouseCoopers have accepted the
account.
In accordance with the Company's stock option plan, 5,350,000 million
incentive stock options are being granted at an exercise price of $0.80
per share for a period of five years from the date of grant to
directors, officers, employees and consultants. All of the options are
subject to vesting over a period of two years. Any shares issued under
the option plan will be subject to a four-month hold period from the
date of grant, pursuant to the policies of the TSX Venture Exchange.
Ron Netolitzky has stated that "Boss Power Corp. is exceptionally
fortunate to have an engineer as capable, as experienced and as
qualified as Dr. David Stone to direct the feasibility study,
management and permitting of the Blizzard uranium deposit. Dave was
raised in Naramata, just 35 km southwest of the property. He's worked
around the world, and has now returned to advance this superb project.
The new Board and management, all of whom are British Columbia
residents and long-time business associates with successful mine
permitting and development careers, are proud to be associated with
this environmentally friendly undertaking which potentially will make
an important contribution to reducing global warming. We look forward
to advancing the project for the benefit of the local community and our
other stakeholders in the Kettle Valley".
ABOUT BOSS POWER CORP.
The Blizzard deposit is a well-known historically reported uranium
resource and the subject of a NI 43-101 compliant Technical Report
dated November 15, 2006 as revised on February 23, 2007 and May 30,
2007, by Dr. Peter A. Christopher, P.Eng. The Blizzard deposit was the
subject of a detailed engineering evaluation by Kilborn Engineering in
the late 1970's, based on a total of 21,184 metres of drilling in 478
reverse circulation and diamond drill holes.
The Kilborn Engineering Feasibility Study generated an historical
reserve calculation of 2.2 million tonnes grading 0.214 percent U308,
at a cut-off grade of 0.025% U308 and including a 15% mining dilution
(for an estimated 10.4 million pounds of U308). This was re-classified
by Dr. Christopher into an indicated and inferred resource to reflect
current usage as the Kilborn Engineering Feasibility Study is not in
compliance with NI 43-101. Readers are cautioned that Boss Power has
not undertaken any independent verification of the data on which the
Kilborn resource is based, or the feasibility results, hence the
results should not be relied upon.
On Behalf of the Board of Directors
BOSS POWER CORP.
"Ron Netolitzky"
Ron Netolitzky, Chairman
Cautionary Statement on Forward-Looking Information
The statements made in this News Release may contain certain
forward-looking statements. Actual events or results may differ from
the Company's expectations. Certain risk factors may also affect the
actual results achieved by the Company. The TSX Venture Exchange has
not reviewed and does not accept responsibility for the adequacy or
accuracy of this news release.
For further information contact:
David Stone or Tony Perri - Investor Relations, Manager
Suite 611, 675 W. Hastings Street
Vancouver, British Columbia, Canada V6B 1N2
Tel: (604) 669-4799
Fax: (604) 669-2543
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Copyright (c) 2007 BOSS POWER CORP. (BPU) All rights reserved. For
more information visit our website at http://www.santoy.ca/ or send
mailto:info@santoy.ca
Message sent on Fri Sep 28, 2007 at 11:29:13 AM Pacific Time
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