Galore Makes Changes to Management
November 13 2012 - 9:00AM
Marketwired Canada
Galore Resources Inc. (TSX VENTURE:GRI) 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Galore Resources Inc.
Mr. Michael McMillan
Chief Executive Officer
604-647-2298 or Toll Free: 1-877-647-2298
604-647-0086 (FAX)
info@galoreresources.com
www.galoreresources.com
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