TORONTO, July 16 /CNW/ - Coniagas Resources Limited ("Coniagas" or the
"Company") (TSX-V: "CNY") is pleased to announce the appointment of David
Meyer as the Company's new President & CEO.
Mr. Meyer is a mining professional with 15 years experience in
Exploration & Corporate Development with a number of both junior and senior
mining companies including Hudson Bay Mining & Smelting Ltd. Mr. Meyer also
spent more than 6 years as a senior mining analyst and corporate finance
professional.
Mr. Maurice Colson, the Company's current Vice-Chairman said "we look
forward to the addition of Mr. Meyer, who is a seasoned Mining and Corporate
Development professional who has been active in capital markets and has been
involved in bringing a number of junior mining companies from microcap status
to advanced-stage over the last five years."
About Coniagas
Coniagas Resources Limited ("Coniagas") is a Canada-based resource
company whose focus is to explore and develop mineral deposits throughout
North America. The Company, created in 1906, is listed on the TSX Venture
Exchange under the symbol CNY and at present has approximately 12.5 million
shares currently outstanding (approximately 15.1 million shares fully
diluted).
The Company's current assets include a 40% equity ownership with St.
Andrews Goldfields Limited, in a joint venture to explore certain mineral
claims in Garrison, Michaud and Guibord townships in Ontario and a 100%
interest in the former producing Nudulama (Missanabie Mine) property in the
Wawa region of Ontario.
In April 2008, the Company signed a Letter Of Intent with a group of
optioners including Societe De Developpement De La Baie James to explore and
develop a group of claims encompassing the historic "CYR Lithium-bearing
Pegmatite Deposit" located approximately 380 km North of Mattagami, Quebec.
The Company, under the new management, expects to undertake an evaluation
of all existing projects, and carry out work programs where warranted. As
well, the Company feels that this strong resource market has presented an
excellent opportunity for additional world-class projects which the Company
will evaluate as they become available.
This press release contains forward-looking statements which reflect the
Company's current expectations regarding future events. The forward-looking
statements involve risks and uncertainties. Actual results could differ
materially from this projected herein. Although we believe that our
expectations are based on reasonable assumptions, we can give no assurance
that our expectations will materialize.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
release.
