VANCOUVER, June 5 /CNW/ - Mediterranean Resources Ltd. (TSX: MNR;
Frankfurt: MHM1) (the "Company") is pleased to announce the election of Mr.
Philip Strathy to the Company's Board of Directors at the Company's Annual
General Meeting held May 30, 2008. This appointment expands the Board from six
members to seven members.
Philip brings over 22 years experience in the capital markets. He is a
Partner of FairLane Asset Management Ltd., having joined in 2005 after a
merger with his firm Strathy Investment Ltd. Prior to that he owned and
operated Brookside Investments Ltd., a Bahamas corporation offering offshore
advisory services to high net worth individuals. Philip has designed and
managed innovative specialty pooled funds for Income and Growth and customized
fixed income strategies for the segregated accounts of corporations and
Peter Guest, CEO of Mediterranean, stated, "On behalf of the Board of
Directors and the Company, we welcome Philip to the Board. Philip brings
significant experience and new strengths to the Board, particularly in the
area of private sector financial institutions."
Mediterranean Resources is focused on an emerging mineral region in
north-eastern Turkey where it is developing two advanced exploration stage
The TSX does not accept responsibility for the adequacy or accuracy of
For further information:
For further information: Peter J. Guest, President & CEO, (604)