LDI Lithoquest Resources Inc

MONCTON, NB, Jan. 4 /CNW/ -- MONCTON, NB, Jan. 4 /CNW/ - Landdrill International Inc. (TSX.V:LDI) is pleased to announce the appointment of Mr. David M. Beatty to the Company's Board of Directors. Mr. David M. Beatty is the Chief Executive Officer, Director of Rio Novo Gold Inc. Mr. Beatty brings 25 years of experience in investment banking principally focused on equity financing and mergers and acquisitions of mining and natural resource companies. In 2002, Mr. Beatty co-founded Westwind Partners Inc., an investment bank. Prior thereto, Mr. Beatty was Head of the Mining & Metals Group at First Marathon Securities (now called NB Financial) and a partner and Head of Mining Group at Gordon Capital Corporation. Mr. Beatty co-founded Yamana Resources Inc. with Mr. Victor Bradley in 1994 and advised on the acquisition of the Santa Elina property in May 2003. Mr. Beatty holds a B. Comm. (Queen's), M. Phil., International Affairs (Cambridge) and an MBA (Harvard Business School). Ron Goguen Sr., the President and CEO of Landdrill said, "I am very pleased to welcome Mr. Beatty as an independent director.  David's resource-based, finance and public company experience make him a valuable addition to our Board.  We look forward to working closely with him." For a review of the Company's results, copies of Landdrill's financial statements along with the management discussion and analysis (MD&A) can be found on SEDAR (www.sedar.com). About Landdrill Landdrill is a growth oriented international drilling company with a focus on the metals and minerals industry. The Company continues to explore opportunities for growth in key markets, either through establishment of new branch offices or through acquisitions as opportunities arise.  The Company now has 36 drills with full branch operations in Canada, Mexico, Mongolia and Russia. For detailed information on Landdrill International Inc., or to request a bid submission for your project worldwide, please visit our website at www.landdrill.com. Forward-looking information This press release may contain forward-looking statements (within the meaning of applicable securities laws) relating to business of Landdrill International Inc. (the "Company") and the environment in which it operates. Forward-looking statements are identified by words such as "believe", "anticipate", "expect", "intend", "plan", "will", "may" and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. These risks and uncertainties are discussed in the Company's regulatory filings available at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. The Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances. Neither the 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. To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/January2011/04/c8473.html pRonald Goguenbr/ President and Chief Executive Officerbr/ Landdrill International Inc.br/ (506) 388 - 8961/p pbRenmark Financial Communications Inc./bbr/ John Bodiman: a href="mailto:jboidman@renmarkfinancial.com"jboidman@renmarkfinancial.com/abr/ Peter Mahzari: a href="mailto:pmahzari@renmarkfinancial.com"pmahzari@renmarkfinancial.com/abr/ Tel.: (514) 939-3989 or (416) 644-2020br/ a href="http://www.renmarkfinancial.com"www.renmarkfinancial.com/a/p

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