VAL-D'OR, QC, April 24 /CNW Telbec/ - South-Malartic Exploration Inc.
(TSXV-MSU) is pleased to report that at its Annual General Meeting held on
April 16, 2007, shareholders approved all the motions put forward at the
meeting, including the appointment of Raymond Chabot Grant Thornton as the
Company's auditors, the election of the Board of Directors and Officers, and
the adoption of the new general by-laws as well as the by-law to change the
name of the Company to X-Ore Resources Inc. The Company has reserved the
domain www.x-ore.com as well as the ticker symbol 'XOR' with the Toronto
Ventures Exchange and expects to be trading under that symbol as soon as all
regulatory approvals are obtained.
President and CEO, Léon Méthot, told the meeting : "The Company is at an
exciting juncture and the significant inroads that were made throughout the
year have now positioned us to participate in one of the most prolific gold
camps today - the Sierra Madre Gold Belt of northern Mexico - where we have
assembled a 52,000 hectare land package adjacent to world class deposits. As
we enter a new phase of development and partnerships, X-Ore will distinguish
itself as having exceptional potential in mineral exploration."
Also at the meeting, shareholders approved the election to the Board of
Directors of Mr. Jean-Yves Laliberté, C.A. Mr. Laliberté brings over sixteen
years of professional finance and mining experience having worked for such
companies as Noranda Inc., Richmont/Louvem Mines Inc. and more recently as a
consultant to several mining companies. Mr. Laliberté has been appointed
President of the Audit Committee and was granted 150,000 stock options in the
capital of the Company exercisable at $0.225 subject to the company's stock
About South-Malartic Exploration Inc.
South-Malartic Exploration Inc. is a mineral exploration company with
17 properties located in known gold regions of Mexico and Canada, including
the prolific Sierra Madre Gold Belt in proximity to Minefinder's Dolores (15
km east), Alamos' Mulatos (40 km south) and Gammon Lake's Ocampo deposit (80
km south), as well as the Val-d'Or region of Quebec.
The TSX Venture Exchange does not accept responsibility for the accuracy
of this press release. This press release contains "forward-looking
statements" not based on historical facts. Forward-looking statements express,
as of the date of this press release, our estimates, forecast, projections,
expectations and opinions as to future events or results. Forward-looking
statements herein expressed are reasonable, but involve a number of risks and
uncertainties, and there can be no assurance that such statements will prove
to be accurate. Therefore, actual results and future events could differ
materially from those anticipated in such statements. Factors that could cause
results or events to differ materially from current expectations expressed or
implied by the forward-looking statements include, but are not limited to,
fluctuations in the market price of precious metals, mining industry risks,
uncertainty as to calculation of mineral resources and requirements of
additional financing and the capacity of the Company to obtain financing.
For further information:
For further information: Mr. Léon Méthot, President and CEO, (819)
824-5422; Mrs. Donna Yoshimatsu, Investor Relations, (647) 293-7047,
firstname.lastname@example.org; Malartic's website: www.southmalartic.com