Symbol: AZM.TSX Venture
MONTREAL, March 12 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut") is
pleased to announce that Mr. Sylvain Guérard, a talented exploration
geologist, has been appointed Vice President Exploration.
Mr. Guérard is a senior exploration professional with more than 17 years
experience, mostly with major mining companies. From 1999 to present, he was
Exploration Manager (Peru, Dominican Republic) and Senior Geologist and
Exploration Manager (Tanzania) for Barrick Gold Corporation ("Barrick").
Previous assignments include Senior Geologist with Channel Resources in
West Africa (1996 to 1999) and Project Geologist with Inmet Mining Corporation
in Eastern Canada (1987 to 1996). Mr. Guérard's expertise ranges from
generative to advanced stage exploration for both precious and base metal
deposits including Archean gold, epithermal gold, gold-copper porphyries,
volcanogenic massive sulphides and SEDEX deposits.
While working with Barrick, Mr. Guérard was responsible for exploration
on properties that host giant gold deposits, including the Bulyanhulu Mine in
Tanzania, the Alto Chicama Mine in Peru, and the advanced stage Pueblo Viejo
gold project in the Dominican Republic. Mr. Guérard has participated in
technical and economic exploration successes in Canada, Burkina Faso, Tanzania
and the Dominican Republic. Mr. Guérard holds a B.Sc. degree in geology from
the Université de Montréal (1990).
Mr. Guérard will start in April 2007 and will become an Officer of the
Company. Stock options to purchase 300,000 common shares of the Company have
been granted to Mr. Guérard. These options, of which 100,000 are exercisable
starting in the first year, are granted for a 5-year period at an exercise
price of $3.85 per share and are subject to regulatory approval.
This appointment represents a key step to strengthen Azimut's growth as a
leading mineral exploration company with a unique business model. Azimut
reduces the risk associated with exploration by using cutting-edge targeting
methods and by actively developing partnerships at an early stage.
The TSX Venture Exchange (TSX Venture) does not accept responsibility for
the adequacy or accuracy of this release.
For further information:
For further information: Jean-Marc Lulin, President and Chief Executive
Officer; Normand Champigny, Executive Vice President, (450) 646-3015, Fax:
(450) 646-3045, firstname.lastname@example.org, www.azimut-exploration.com