GPTC Announces Appointment of Bradley Rudman as President
June 23 2005 - 8:00AM
Business Wire
Golden Patriot, Corp. ("GPTC") (OTCBB:GPTC) is extremely pleased to
announce that Mr. Bradley Rudman of New York has been appointed
president of GPTC. Mr. Rudman has an extensive financial background
and was a financial consultant for many years. Mr. Rudman brings a
wealth of new contacts within the Wall Street area that should
bring a whole new audience to GPTC. Bradley Rudman, new President
of GPTC stated, "This is a great opportunity to become directly
involved with the company. I will bring a fresh approach to the
company and renewed energy that has been lacking in the stock for
the past year. My first order of business will be to have much
greater contact with our loyal shareholders and create stronger
lines of communications. GPTC is now trading near its all time low
despite actually having more projects in the works than at any
other time in the company's history. I am looking forward to
building the company and feel this is a great floor level
opportunity. I believe exciting times are ahead for GPTC's
management and shareholders." Mr. Conrad Clemiss has decided to
pursue opportunities in the real estate market. Mr. Clemiss states,
"I have decided that it is unfair to the shareholders of GPTC if
the president does not have the time to be 100% committed to the
growth of the company. Knowing Mr. Rudman as I do, I cannot think
of a stronger person to fulfill this role and bring a substantial
new approach and wealth of new contacts to GPTC. This is a very
positive move for GPTC going forward." GPTC has been notified by
Ashworth Explorations Ltd. ("Ashex"), that the first phase of a two
phase work program on the Lucky Boy property has commenced. Work
will consist of grid establishment, geochemical and radiometric
surveys, along with geological mapping and sampling. Drill targets
will be determined by Dr. J.H. Montgomery, the Qualified Person
overseeing the project. Fred Brost P.Eng. of Mining and
Environmental Consultants Inc., Phoenix, AZ., will initiate the
application process concurrent with this work and in anticipation
of an early fall drill-program. GPTC holds under an option
agreement in the Lucky Boy Uranium Project in Arizona. Uranium has
been mined from the Lucky Boy Project in the past. The Lucky Boy
Project is one of the first producing uranium mines in the state of
Arizona. GPTC has retained Ashex to run the work program. Ashex has
been in business for over 25 years as a mineral exploration
contractor. Fueling nuclear power plants to generate electricity is
the most significant commercial use for uranium. Currently, uranium
provides 16% of the world's electricity via 440 nuclear reactors
operating in 31 countries. Annual uranium demand is 66,000 tonnes,
with mining fulfilling only 55% of that need. An additional 30%
comes from stockpiles, which are not being replenished due to
current production shortfalls, and the remaining 15% is salvaged
from recycled weapons, a non-renewable resource. Uranium demand is
expected to increase in the coming years as new reactors are built
and brought online in developing nations such as China, which plans
to build 27 nuclear plants, India with a planned 31 new reactors,
and Russia with intentions for an additional 25 reactors. With a
current worldwide production shortfall of more than 300 million
pounds, demand for uranium is expected to be 11% higher than supply
over the next decade. To receive timely updates and information on
any future developments as they occur please email us at
info@goldenpatriotcorp.com. Disclaimer: This announcement may
contain forward-looking statements which involve risks and
uncertainties that include, among others, limited operating
history, limited access to operating capital, factors detailed in
the accuracy of geological and geophysical results including
drilling and assay reports; the ability to close the acquisition of
mineral exploration properties, and other factors which may cause
the actual results, performance or achievements of the Company to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. More information is included in Golden Patriot, Corp.
filings with the Securities and Exchange Commission, and may be
accessed through the SEC's web site at http://www.sec.gov.
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