Caerus: Board Changes and New President and CEO Appointed
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NEWS RELEASE
July 20, 2012
Symbol: TSX – V: CA
Caerus: Board Changes and New President and CEO Appointed
Vancouver, British Columbia – Caerus Resource Corporation (the “Company”) (TSX-V:CA) is pleased to announce the appointments today of Ms. Blanca Stella Frias to the position of President and Chief Executive Officer of the Company, and of Mr. Paulo Javier Ochoa Silva to the Board of Directors of the Company. To facilitate these changes, Adrian F.C. Hobkirk has resigned today as President, C.E.O. and Director of the Company, and Dr. A. D. Drummond has resigned today as Director of the Company. The Company thanks Mr. Hobkirk and Dr. Drummond for their many years of service.
Ms. Frias has served the Company in the position of Vice-President and Director since September of 2011 and has also acted as country manager and legal representative for the Company in Colombia. Ms. Frias is native to Colombia and has worked on Latin American mining projects for more than 20 years. She has an extensive knowledge of South American communities and has worked as a community consultant for several successful mining companies including Gold Reserve Inc., Greystar Resources, Terramundo Drilling, Minera Andes Inc. and Crystallex International. During her tenures with these companies, Ms. Frias gained recognition as a community leader and CSR specialist. Ms. Frias recently held the position of Administration and Community Relations Manager for Ventana Gold Corporation (“Ventana”), and she was a key member of the management team which successfully grew Ventana from the exploration stage to the successful definition of a world class gold deposit at La Bodega, Colombia.
Mr. Ochoa is currently a practicing lawyer in Colombia with extensive experience in inter-government relations. Mr. Ochoa has served in management positions with several companies in Colombia, including Director of Planning for Proexport, Legal Vice President of Empresa de Telecomunicationes de Bogota (a company with about 4,500 employees and annual sales of approximately US $500 million), Empresa de Renovacion Urbana de Bogota D.C. (an industrial and commercial company owned by the city of Bogota responsible for the design and implementation of urban renewal projects), and the Superintendencia de Sociedades (a Government agency responsible for regulating and monitoring corporations in Colombia). Mr. Ochoa has an excellent reputation in both the private and public sector in Colombia.
Former President Adrian F.C. Hobkirk is quoted “ Ms. Frias brings to the Company a wealth of experience in the Colombian mining industry. I am confident that the Company will be well-served under her leadership and with the addition of Mr. Ochoa to the Board.” Mr. Hobkirk has agreed to assist Ms. Frias with the leadership transition process.
Caerus Resource Corporation is currently exploring the Buritica West Gold Project as noted above. In addition, the Company is preparing drill permits for the El Cafetal Gold Mine, also located in Antioquia, Colombia. The drill ready El Cafetal Gold Mine and near drill ready Buritica West Gold Project are in addition to the approximately 15,000 hectares of new mineral titles applied for in seven different strategic areas in Colombia.
On Behalf of the Board of Directors of Caerus Resource Corporation.
Sincerely,
Allen Ambrose, Director
For further information:
Contact Ken A. Sadowski, Director and Corporate Secretary at 604-218-2716 or email:
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.
Tel: 604-218-2716
837 Hastings Street West, Suite 408 Vancouver, BC, Canada V6C 3N6 www.resourceexploration.com Symbol: TSX-V: CA
The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.