Everton Resources Appoints New CFO and Grants Options
OTTAWA, ONTARIO - Everton Resources Inc. (" Everton Resources" or " Company") is pleased to announce the appointment of Judith Mazvihwa-MacLean as new Chief Financial Officer effective April 1, 2011. Ms. MacLean is replacing Ms. Khadija Abounaim who has resigned her position as CFO on March 31st, 2011 to pursue other interests.
The Board would like to thank Ms. Abounaim for her service and wish her the best of luck in her future endeavours.
Ms. MacLean has over 16 years of experience in mineral exploration, mining, management, finance and senior leadership. Prior to joining Everton Resources Inc., Ms. MacLean was the CFO for Logan Resources Ltd., and Acme Resources Inc. (formerly, International KRL Resources Corp.) from 2002 to 2010 and Golden Harp Resources Inc. from 2006 to 2009. She also served on the Boards of both Logan Resources Ltd., and Acme Resources Ltd.
From 2001 through 2002, Ms. MacLean was the Exploration Geologist for Cumberland Resources Ltd. and Northgate Resources Ltd. in Canada. Previous to this, she was the Section Head and Section Geologist at Turk Mine and Queens Mine, Casmyn Mining Zimbabwe (Pvt) Ltd. and a Field Geologist for Prospecting Ventures Ltd., a subsidiary of Anglo-American Corp. in Zimbabwe.
Ms. MacLean has a Bachelor of Science (Geology) degree from the University of Zimbabwe, a Masters of Science from Brunel University in the United Kingdom and a Masters of Business Administration from Simon Fraser University, Canada. She earned the Certified Management Accountant designation from the Certified Management Accountants Society of British Columbia, Canada, in 2008.
The Company is also pleased to announce the granting of options to purchase in the aggregate 410,000 common shares of the Company to an officer, an employee and two consultants. Each option entitles the holder to purchase one common share of the Company at the price of $0.335 per share, which is the closing price of the Company’s common shares on April 1st, 2011.
The options are granted pursuant to the Company’s incentive stock option plan and under such plan are available for exercise for a period of five years.
Everton is partnered with Brigus Gold on actively exploring in the Dominican Republic adjacent to the US$3 billion Pueblo Viejo project, currently being developed by the world's largest gold mining company, Barrick Gold Corporation (60%) (NYSE/TSX: ABX) in partnership with Goldcorp (40%) ("Goldcorp") (NYSE: GG, TSX: G). Planned divestiture of its 100%-owned subsidiary Hays Lake Gold containing the Shoal Lake Gold Project in Kenora, Ontario is expected to provide internal funding to advance the Ampliacion Pueblo Viejo project. Everton also holds an interest in the Opinaca region of James Bay, Quebec where the Company has partnered with Aurizon Mines Ltd. who is advancing Everton’s interest by funding 100% of all exploration work on one of the largest land packages adjacent to Goldcorp's Eleonore gold deposit.
This news release contains certain forward-looking statements that involve risks and uncertainties, such as statements of Everton’s plans, objectives, strategies, expectations and intentions. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to Everton, or its management, are intended to identify such forward-looking statements. Many factors could cause Everton’s actual results, performance or achievements to be materially different any future results, performance or achievements that may be expressed or implied by such forward-looking statements. The forward-looking statements included in this press release represent Everton’s views as of the date of the release. While Everton anticipates that subsequent events and developments may cause its views to change, it specifically disclaims any obligation to update these forward-looking statements, except in accordance with applicable securities laws. Accordingly, readers are advised not to place undue reliance on forward-looking information. All subsequent written and oral forward-looking statements attributable to Everton or persons acting on its behalf are expressly qualified in their entirety by this notice.
Neither 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.