VANCOUVER, Jan. 9, 2012 /CNW/ - Revolution Resources CorpTSX:RV ("Revolution" or "the Company") is pleased to announce that Mr. Terry Bell has been appointed to the Board of Directors.
Mr. Bell is a Geologist who has spent the past 24 years as a mining analyst and investment fund manager in Toronto. Mr. Bell specialized in both exploration and development gold and base metal companies. He has financed mining projects in North America and globally.
In 2002, Mr. Bell joined Salida Capital, where he founded the Global Prospector Fund. Under Mr. Bell's leadership the Global Prospector Fund attained industry leading performance and became one of the largest pure mining hedge funds in the world. During Mr. Bell's tenure, Salida Capital grew to be one of the largest hedge fund managers in Canada with over US $1billion under management. In 2009 Mr. Bell formed a private consultancy firm working with exploration and development companies. Mr. Bell earned a geology degree from Mount Allison University and undertook graduate studies in mineral economics at McGill University and l'école des Mines de Saint-Étienne in France.
About Revolution Resources Corp.
Revolution Resources Corp. is a TSX-listed gold exploration company (TSX: RV) based in Vancouver, BC, Canada. Well-funded and with no long-term debt, the Company's current exploration activities are focused on two flagship projects located in the Champion Hills district of North Carolina and the newly-optioned property portfolio of Lake Shore Gold in Mexico, previously owned by West Timmins Mining.
ON BEHALF OF THE BOARD
of Revolution Resources Corp
President, CEO and Director
Forward-Looking Statements: Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to proposed exploration, development and production activities and their timing, potential mineralization and the anticipated acquisition of property interests. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, receipt of regulatory approvals, completion of anticipated transactions, the timing and success of future exploration, development and production activities, exploration and development risks, expenditure and financing requirements, title matters, third party consents, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
For further information:
Manager, Investor Relations
President, CEO and Director