VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/12/12 -- Expedition Mining Inc. (TSX VENTURE: EXU) (the "Company") is pleased to announce the appointment of James (Jim) Chapman to the Board of Directors.
Jim Chapman, P. Geo, is a graduate of University of British Columbia with a Bachelor of Science degree in geology. His 35 years experience in the industry includes all aspects from project generation through implementation and report preparation for owners, clients and regulatory authorities. These programs have included: mineral exploration for gold, silver, copper, molybdenum, base metals, diamonds, phosphate, graphite and uranium in Canada, the United States, Mexico, South and Central America, Africa and Europe. He is currently a director of Golden Cross Resources.
"Mr. Chapman has most recently served as a member of our Advisory Committee. It is with great pleasure that we announce his appointment to our board and we look forward to working with him in this capacity. Jim's experience in all facets of exploration will be a tremendous asset to the company," said Ronald Atlas, president and chairman.
Mr. Chapman will be replacing Bert Jeffries who has resigned from the board and is moving to a senior role at Thompson Creek Metals' Mount Milligan project. Mr. Jeffries has agreed to continue to assist the Company by joining the Advisory Committee.
The Company's president and chairman, Ronald Atlas, said, "We want to thank Bert for all his fine work and expert knowledge while on the Board of Directors and we wish him all the best with his new role at Mount Milligan."
The Company announces that pursuant to Exchange policies and the Company's Stock Option Plan, an aggregate of 200,000 shares have been granted as incentive stock options at an exercise price of $0.15 per share to directors of the Company. The options are exercisable for a period of five years, ending on January 12, 2017, and are subject to the requirements of the TSX Venture Exchange.
Expedition Mining Inc. (TSX VENTURE: EXU) is a publicly held Canadian exploration company focused on acquiring, exploring and developing gold properties located in favourable geo-political climates. The company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies. For additional information concerning Expedition Mining Inc. or its various exploration projects please visit Expedition's website at www.expeditionmining.com.
CAUTION REGARDING FORWARD LOOKING STATEMENTS:
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Expedition Mining to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and potential development of the Brew property, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold. Although Expedition Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Expedition Mining does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
ON BEHALF OF THE BOARD:
Ronald Atlas, President & Chairman of the Board
Expedition Mining Inc.
Standard & Poor's Listed
Issued Share Capital: 56,710,318
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Expedition Mining Inc.