Rochester Appoints Mr. Eduardo Luna President and CEO
January 15 2009 - 8:30AM
Marketwired
Rochester Resources Ltd. (TSX VENTURE: RCT)(OTCBB:
RCTFF)(FRANKFURT: R5I) is pleased to announce that Mr. Eduardo Luna
has been appointed President and CEO of Rochester Resources Ltd.
Dr. Alfredo Parra will assume the role of Chief Operating Officer
and will remain a director of Rochester. This will allow Dr. Parra
to focus primarily on the mining and milling operations at the Mina
Real Property. The Company anticipates that the synergy between Dr.
Parra and Mr. Luna will be very positive for the Company from both
an operational and capital markets perspective.
"We are thrilled to have Eduardo join Rochester's management
team," said Dr. Parra, "His extensive international experience in
the mining industry and Mexican operations make him a true asset to
the company as we move forward with our Mina Real project. On
behalf of senior management and the board of directors, I'd like to
welcome him to a key management role."
Mr. Luna has been a director of Rochester since August 2007 and
is currently Chairman of Silver Wheaton and previously was
President of Goldcorp's Mexican mining operations. Mr. Luna brings
extensive business experience and knowledge of the mining industry
and will help strengthen the development of management's corporate
strategy and relationships with the capital markets.
Mr. Luna holds a degree in Advanced Management from Harvard
University, an MBA from Instituto Tecnologico de Estudios
Superiores de Monterrey and a Bachelor of Science in Mining
Engineering from Universidad de Guanajuato. He has held various
other executive positions such as Minera Autlan for seven years and
Industrias Penoles for five years. He is the former President of
the Mexican Mining Chamber and the former President of the Silver
Institute. Mr. Luna serves as Chairman of the Advisory Board of the
Faculty of Mines at the University of Guanajuato and of the Mineral
Resources Council in Mexico.
ON BEHALF OF THE BOARD
Dr. Alfredo Parra, COO
About Rochester Resources Ltd.:
Rochester represents a pure-play in the exploration and
development of high-grade gold and silver properties located in
Nayarit, Mexico. The Company is a niche player in Mexico which has
assembled an attractive portfolio of properties in the Sierra Madre
Occidental Range. This is the largest epithermal precious metal
region in the world, hosting the majority of Mexico's large tonnage
gold and silver deposits. Current production generates growing cash
flow and helps fund our ongoing exploration and development with
minimum share dilution.
Rochester is well positioned to advance its projects and can
very quickly become a significant player in Mexico. Rochester has a
strong senior management team based in Mexico, a workforce in place
to advance its projects through to mine development, and strong
financial backing to implement and advance our work programs.
Forward Looking Statements
This Company Press Release contains certain "forward-looking"
statements and information relating to the Company that are based
on the beliefs of the Company's management as well as assumptions
made by and information currently available to the Company's
management. Such statements reflect the current risks,
uncertainties and assumptions related to certain factors including,
without limitations, competitive factors, general economic
conditions, customer relations, relationships with vendors and
strategic partners, the interest rate environment, governmental
regulation and supervision, seasonality, technological change,
changes in industry practices, and one-time events. In addition,
the Company has not conducted an independent feasibility study on
the Mina Real project which may increase the risk that the planned
operations are not economically viable. Should any one or more of
these risks or uncertainties materialize, or should any underlying
assumptions prove incorrect, actual results may vary materially
from those described herein.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this
release.
Contacts: Empire Communications Inc. Investor Information (604)
484-0066 Email: info@rochesterresources.com Website:
www.rochesterresources.com
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