KELOWNA, BC, Dec. 20 /CNW/ - Trigon Uranium Corp. (TSX-V:TEL; "Trigon" or
the "Company") is pleased to announce that Mr. Thomas F. Buchholz, B.Sc.,
mining engineering, has been appointed Chief Operating Officer of Trigon
Exploration Utah Inc., and Head of US Operations for Trigon Uranium Corp.
Trigon Exploration Utah Inc. is the wholly-owned subsidiary of the Company,
through which all operations are owned and carried out. Mr. Buchholz and the
Trigon team will operate from the Golden, Colorado, office which was
established earlier this year. Prior to this promotion, Mr. Buchholz has been
Trigon's senior mining engineer. Mr. Buchholz is an engineering professional
with 36 years of mining experience including 10 years as the mine manager of
the Schwartzwalder Uranium Mine of Colorado where he successfully managed
mining operations of the 200-man mine.
Trigon further intends to complete the transfer of all operations (except
finance and accounting) to the Golden, Colorado, office. The winding down of
the Kelowna office will provide considerable efficiencies in exploration and
development logistics including savings in office expenses.
Mr. Sidney Himmel, the President and Chief Executive Officer of the
Company stated: "We are pleased to have a cohesive team of highly experienced
uranium professionals carrying out the exploration and development of our
American uranium properties. Tom Buchholz, who is an experienced manager, will
head operations. Bruce Norquist P.E., M.S. Mining Engineering, will continue
to work with Tom as Chief Mine Engineer. John Nelson, with over 24 years of
experience in the exploration and production of uranium in the United States,
continues to head up the geology team. We look forward with excitement to the
development of the Marysvale and Henry Mountains projects during 2008, which
will involve significant drilling of both properties and mine planning for
feasibility at Marysvale. We are also aggressively investigating significant
advanced exploration project and mining opportunities."
Mr. Buchholz has been awarded 200,000 options to acquire shares of the
Company at $0.20 per share, valid for a term of four years. To accommodate the
change, former Chief Operating Officer Magnus Haglund has resigned his
position as well as from the Board of Directors of the Company. Mr. Haglund
was an integral part of Trigon's management team since inception and was
particularly valuable for his wealth of diamond exploration experience. The
company thanks him for his valuable services and wishes him well in his future
"We recognize that 2007 has not produced appropriate financial returns
for investors and will work to ensure that improvements are made for our
investors in 2008," added Mr. Himmel.
About Trigon Uranium Corp.
Trigon Uranium Corp. is a uranium exploration and development company
focused on the known deposits of the United States South West. This region has
produced over one billion pounds of uranium. Trigon has a highly qualified
team of uranium exploration experts located in Canada, Utah, and Colorado to
direct its exploration and development efforts in the United States South
West. Trigon's strategies include the development of advanced uranium
projects, entry into uranium mining on an expeditious basis, and opportune
acquisitions of Uranium development properties. The company has offices in
Kelowna (British Columbia) and Golden (Colorado). The company's shares trade
on the TSX Venture Exchange under the symbol "TEL".
Should you wish to receive Company news via email, please email
email@example.com and specify "Trigon News" in the subject line.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This release
includes certain statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical facts,
that address future developments that the company expects to occur, are
forward-looking statements. Although the company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market prices,
exploitation and exploration successes, and continued availability of capital
and financing and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. The Company does not assume
any obligation to update or revise its forward-looking statements, whether as
a result of new information, future events or otherwise.
For further information:
For further information: please visit www.trigonuraniumcorp.com or
contact: Sidney Himmel, President and Chief Executive Officer, Trigon Uranium
Corp., Tel: (250) 317-3624, Email: firstname.lastname@example.org; Jeanny
So, Director of Operations, CHF Investor Relations, Tel: (416) 868-1079 x225,