NELSON, BC, Dec. 18 /CNW/ - Oromonte Resources Inc. (ORR:TSX-V; OF6:FRA)
regretfully announces the resignation of the Company's VP Exploration, Mr.
Alex Cruz, for personal reasons. Mr. Cruz has decided to re-enter the family
business in Quito, Ecuador. He will remain available to provide advice and
assistance to the Company from time to time. Mr. Cruz's resignation is
effective December 31, 2007.
Mr. Cruz has provided the Company with excellent leadership, both at the
executive level and on the ground. His demonstrated ability to attract and
manage a team of well qualified Ecuadorean personnel enables the Company to
make a smooth management transition in Ecuador.
Senior Geologist, Mr. Boris Yepez, who has been instrumental in advancing
the Pangui project with Alex Cruz, will become Head Geologist responsible to
the Acting General Manager for the Company's operations in Ecuador. Oromonte's
management will assess the Company's executive needs over the next few weeks
and make a further announcement in the New Year.
Oromonte Resources Inc. is a mineral exploration company engaged in the
acquisition, development and exploration of mining properties in Ecuador. The
Company has acquired 100% owned mining concessions consisting of three
consolidated properties namely: Chimbuza Property, Pangui Property, and Virgen
del Cisne Property. The related projects are in early stage development with
environmental studies and/or exploration programs currently being implemented
to identify drilling targets. The Company trades common shares and warrants on
the TSX Venture Exchange under the symbol ORR and common shares on the
Frankfurt Stock Exchange under the symbol OF6.
For further information you can visit the Company's website at:
The TSX Venture Exchange has not reviewed, and does not accept
responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority
has approved nor disapproved the information contained herein. The News
Release includes certain "forward looking statements". All statements other
than statements of historical fact, included in this release, including,
without limitation, statements regarding potential mineralization and
reserves, exploration results, and future plans and objectives of Oromonte,
are forward looking statements that involve risks and uncertainties. There can
be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results to differ
materially from Oromonte's expectations are exploration risks detailed from
time to time in the filings made by Oromonte with securities regulations.
For further information:
For further information: Bruce Cottingham, CEO, Oromonte Resources Inc.,
Suite 206, 507 Baker Street, Nelson, British Columbia, Canada, V1L 4J2, Tel:
(250) 352-9923, Fax: (250) 352-9926