Thursday, November 5, 2026
MiningNewsTerminal
Thursday, November 5, 2026 Admin

GYA.V ·

Company to Acquire Copper Property on Vancouver Island Additional Director Appointed to the Board

Management Changes Mergers & Acquisitions Property Options & Staking

SWIFT RESOURCES INC.

Suite 250 – 830 West Pender Street Vancouver, BC, V6C 1J8 Ph: (604) 558 1000

NEWS RELEASE

  • COMPANY TO ACQUIRE COPPER PROPERTY ON VANCOUVER ISLAND
  • ADDITIONAL DIRECTOR APPOINTED TO THE BOARD

VANCOUVER, November 7, 2012 – Swift Resources Inc. (“Swift”; TSXV: SWR) is pleased to announce that it has entered into a binding agreement to acquire 2 mineral claim tenures totaling 402 hectares located in the Nanaimo Mining Division on Vancouver Island, British Columbia (the “Alberni Property”). The Alberni Property is being acquired from Crossfire Ventures Ltd. (“Crossfire”, a private company, the principal shareholders of which are two directors of Swift), and is therefore a related party transaction. The purchase price is CDN $42,263 being the direct costs spent on the Alberni Property by Crossfire.

The Alberni Property has had some limited historical drilling completed in 1965 and 1980 (14 holes total), with copper grades ranging from 0.91% over 61 feet to 3.72% over 15 feet. Only limited drill core was assayed and the drill core was not assayed for gold or silver.

In March, 2010 Crossfire completed a soil sampling program on the property resulting in the discovery of a mineralized anomaly, showing Cu-Au-Ag (plus Pb, Zn, As, Mn). The anomaly measures approximately 200-250 meters in width by 650 meters in length.

Swift intends to re-evaluate the historical drill core, as well as completing detailed geological mapping and additional rock and soil sampling, to be followed up by a drill program in 2013.

Additional Director

Swift is pleased to announce the appointment of Mr. Brett Whitelaw to the board of directors of Swift. Mr. Whitelaw is currently a director of Conquest Resources Limited; a public company listed on the TSX Venture Exchange, and has been a founding director and officer of two other TSX Venture listed companies. He has a background in sales and marketing and has been active in the public markets for the past 15 years.

Swift’s President & CEO commented, “We are excited in bringing new life to the company during these challenging times and welcome Mr. Whitelaw to the board of directors. His contacts and relationships will be invaluable to the company’s growth moving forward”.

The board thanks its shareholders for their support during these challenging times and encourages contact with management going forward.

ON BEHALF OF THE BOARD

s/“Michael Elson”

Michael Elson President & CEO

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 press release