TORONTO, Sept. 22 /CNW/ - Guyana Goldfields Inc. ("Guyana") announces
that, in its capacity as a shareholder of Gold Port Resources Ltd. ("Gold
Port" or the "Company"), it has filed on SEDAR an information circular setting
out a proposed new board of directors for Gold Port for election at Gold
Port's the annual general meeting to be held on September 29, 2008.
Guyana's information circular with respect to the annual general meeting
is being mailed to all shareholders of Gold Port commencing today and will be
publicly available tomorrow morning on www.sedar.com under Gold Port's
Guyana is the largest shareholder of Gold Port, holding approximately
13.3% of the issued and outstanding common shares of the Company. Guyana made
a significant investment in the Company in May 2007 and, since making that
investment, has become increasingly concerned about the management and
priorities of the Company. Guyana believes that significant changes are
required to the way in which the Company conducts its operations and does not
have confidence that the existing board of directors will be able to make the
Guyana has received confirmation from another major shareholder, who
agrees that Gold Port needs a new board of directors and that he supports the
appointment of the new directors proposed by Guyana Goldfields. Guyana
Goldfields and the above noted shareholder hold an aggregate of 22.3% of the
common shares of the Company.
Details concerning Guyana's nominees for election to the Board of
Directors of Gold Port are set out in Guyana's information circular.
About Guyana Goldfields Inc.
Guyana Goldfields Inc. is a Canadian based mineral exploration company
primarily focused on the exploration and development of gold deposits in the
Guiana Shield of South America. The Guiana Shield is in the northern part of
the Amazon Craton and covers parts of Guyana, Venezuela, Suriname, French
Guyana and northern Brazil.
Guyana holds advanced exploration projects in various stages of
development and has been operating in Guyana continuously since 1996.
The TSX and TSX Venture have not reviewed and do not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: John Patrick Sheridan, President and Chief
Executive Officer, Guyana Goldfields Inc., Telephone: (416) 628-5936, Fax:
(416) 628-5935, Email: email@example.com