LIMA, Peru, June 15, 2011 /PRNewswire/ -- Portage Resources Inc. ("Portage" or the "Company") (OTCQB: POTG) has appointed Mr. Paul Luna Belfiore as President, CEO and a Director of The Board effective June 13, 2011.
Mr. Luna is an experienced senior manager with broad international experience in developing resources, mining exploration, drilling and mining production.
During the first half of his career, Mr. Luna has filled several roles including production contracting and negotiations of precious metals production within South America. In 1996, Paul was appointed as the Executive Director of El Misti Gold, a Canadian exploration company. Concentrating on the acquisition side of the company, Mr. Luna was responsible for the acquisition and amalgamation of the Sinchao Projectas well as the Santa Rosa project. In 2004, Mr. Luna joined Goldmarca Corp as the head of their Peruvian operations which also included managing the drilling program for the Condor Project, where Goldmarca drilled one of the best intercepts in the past decade.
Mr. Luna is a mining engineer with nearly 20 years of experience within the mining industry of Peru. As the son of a great Peruvian Geologist, Mr. Luna has spent many years prospecting and acquiring world class mining properties in Peru. Throughout his career, Mr. Luna has also managed a number of well respected Peruvian mining companies.
As Portage Resources Inc. President and CEO, Mr. Luna brings a wealth of management experience, leadership and commitment to the company. Mr. Luna will enhance the company's strategy to acquire exploratory geological operations and mineral assessments.
Mr. Luna graduated in 1987 from the University of Lima in Metallurgical Engineering and is fluent in both English and Spanish.
About Portage Resources Inc.
Portage Resources Inc. is focused onthe exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-termproduction mining properties., The Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.
Symbol: OTCQB - POTG
FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.
For more information:
Paul Luna Belfiore
info@portageresourcesinc.com
011 511 733 5100
SOURCE Portage Resources Inc.
