New Director Appointed to Board Brazil Lake Definitive Agreement Completed (PRZCF.OTCBB) (PH0.FRANKFURT)
___________________________________________________________________________________ (PRZCF.OTCBB) (PH0.FRANKFURT) (TSXV.GR)
September 9, 2010 – GREENLIGHT RESOURCES INC. (TSXV.GR), announces that it has appointed Alex Von Kleist to the board of directors. Mr. Von Kleist is a businessman and corporate finance consultant. Over the past 25 years, he has led numerous companies in both the public and private sectors as president and director.
The Company is also pleased to announce that further to a news release announced on June 18, 2010, the Company has completed a definitive agreement with Champlain Mineral Ventures Ltd (“Champlain”), a private Nova Scotia based corporation. The Company can earn up to a 75% undivided ownership interest in the Brazil Lake Lithium Rare Earth Property (“Property”) in Nova Scotia, subject to a 3.0% NSR payable to Silchor Inc.
Further details are on the transaction are available in the Company's news release dated February 10, 2010.
About Greenlight Resources Inc.:
Greenlight Resources Inc. is a Canadian exploration company focused on the discovery and development of Lithium and rare metal deposits. The Company is currently focused on the 8,520 acre Brazil Lake property is located approximately 30 kilometres north of Yarmouth, Nova Scotia, and 12 kilometres west of the Avalon Rare Metals (AVL) East Kemptville Project. Drilling to date has successfully revealed two Lithium bearing pegmatite dikes. In addition to Lithium, the dikes host several other rare metals such as tantalum, niobium, beryllium, tungsten tin and rubidium. Metallurgical bench testing to date has also revealed other potential economic targets, including cosmetic grade mica, silica chloride, aluminum chloride and rubidium enriched potassium feldspar.
On Behalf of the board of directors,
“Ron Bourgeois”
Ron Bourgeois, President
Investor Relations:
John Curle Email: [email protected]
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Tel: (604) 488‐3900, email: [email protected]
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.
Forward-looking statements relating to future events or future performance and reflecting Green Light Resources management's expectations or beliefs regarding future events include, but are not limited to, statements with respect to completion of the private placement and related matters. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Green Light Resources to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in Green Light Resources interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although Green Light Resources has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward looking statements.
Suite 1710 – 1040 West Georgia Street Vancouver, B.C., V6E 4H1
For further information: Green Light Resources Inc, Vancouver, BC,
Tel: (604) 488‐3900, email: [email protected]