VANCOUVER, Oct. 1 /CNW/ - Zoloto Resources Ltd. ("Zoloto" or the
"Company") (ZR - TSX-V), is pleased to announce the appointment of Georgi
Magaranov as V.P. Exploration (Russia).
Mr. Magaranov has 15 years international mineral exploration and
evaluation experience in many countries including Eastern Europe, Middle East,
Latin America, West Africa and Asia. He comes to Zoloto from Rio Tinto where
he worked for six years as Project and Senior Project Geologist, and prior to
that he was employed for eight years as Geologist and Project Geologist for
He has managed drilling programmes in Turkey, Iran and Mali, West Africa.
Mr. Magaranov has been involved in target generation and project evaluation in
the Russian Far East and designed and participated in Au-base metals
exploration programmes in Chile, Middle East and Asia.
Tim Petterson, President of Zoloto, comments "The Zoloto Team welcomes
Mr. Magaranov, who is a seasoned exploration project manager, with a wealth of
experience both internationally and in the Russian Far East. This is an
important appointment for the Company, and Mr. Magaranov is a key addition to
Zoloto's management team."
Mr. Magaranov is a Member of the society of the Economic Geologist and
holds an MSc degree in Exploration and Economic geology from the University of
Mining and Geology, Sofia, Bulgaria. He speaks English and Russian fluently.
About Zoloto Resources
Zoloto is a gold exploration company whose primary focus is to become a
mid-tier gold producer through the advancement of its gold exploration
properties in the Russian Federation. In addition, Zoloto's management will
continue to evaluate acquisition opportunities within the Russian Federation.
Zoloto's philosophy is to unlock shareholder value in a socially and
environmentally responsible manner.
This news release contains forward-looking information which is not
comprised of historical facts. Forward-looking information involves risks,
uncertainties and other factors that could cause actual events, results,
performance, prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Forward looking
information in this news release includes, but is not limited to, the
Company's objectives, goals or future plans. Factors that could cause actual
results to differ materially from such forward-looking information include,
but are not limited to, those risks set out in the Company's public documents
filed on SEDAR. Although the Company believes that the assumptions and factors
used in preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such information, which
only applies as of the date of this news release, and no assurance can be
given that such events will occur in the disclosed time frames or at all. The
Company disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future
events or otherwise, other than as required by law.
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Alan Tenenbaum, Yana Bobrovskaya, Investor
Relations, Zoloto Resource Ltd., Phone: (604) 608-0223, Fax: (604) 608-0344