Amerix Precious Metals Corporation

Amerix Precious Metals Corporation

December 03, 2007 15:38 ET

Amerix Changes the Board of Directors and Announces the Appointment of Officers

TORONTO, ONTARIO--(Marketwire - Dec. 3, 2007) - Amerix Precious Metal Corporation ("Amerix" or the "Company")(TSX VENTURE:APM)(FRANKFURT:NJG) announces that it has changed the Board of Directors and has appointed new officers subject to TSX Venture Exchange acceptance.

These changes include the following appointments to the new Board of Directors and Senior Management:

Jeffrey Reeder has been appointed to the Board of Directors and will assume the role of Chief Executive Officer and President of the Company. Mr. Reeder is a professional geologist registered with APEGBC in the Province of British Columbia and holds a BSc Degree with a specialization in geology from the University of Alberta. Mr. Reeder has worked extensively throughout Latin America for the last 15 years and has significant mineral discoveries to his credit. Mr. Reeder has worked extensively in tropical environments and has extensive knowledge and hands-on experience with exploring for gold in deeply weathered terrains similar to Amerix's Brazilian properties. Mr. Reeder is currently a director of Duran Ventures and Lateegra Gold Corporation and was previously a director of Acero-Martin Exploration.

Gregory Liddy, the current president of McLaren Resources Inc., a Canadian public company active in the exploration for hydrocarbon resources in the Dutch sector of the North Sea has been appointed to the Board of Directors. Mr. Liddy was previously a director of Merrill Lynch Canada and a partner in BBN James Capel Inc. He has served as an expert witness to the Standing Committee on Resource Development of the Ontario Legislature and as a consultant to the Embassy of the United States of America, Ottawa with respect to trade matters involving the North American steel industry. He has also served as the Canadian representative on the Financial Reporting Policy Committee of the Association for Investment Management and Research (AIMR). Mr. Liddy is a past director of Hawker Siddely Canada Inc. and chairman of its audit committee.

William Whitehead has been appointed to the Board of Directors. Mr. Whitehead began his career in the heavy equipment rental business as a rental manager and worked his way up to becoming a major partner. His entrepreneurial spirit then lead him through a successful and varied career of investments including but not limited to the building and operating of the first privately owned nursing home in Ontario, numerous commercial real estate ventures, as well as residential subdivision developments. He also owned and operated a business that was fully licensed by the Ontario Gaming Commission. He served as a member of the Ontario Parole Board during the 1980's. He is a past director of CanClean Services. He was one of the original partners with Blue Beacon of Canada Truck Washes and represented other investors in their 1998 merger with CanClean Services Limited. He continues to serve as a director of GLR Resources (a mining operation), a position he has held for over 30 years.

Dan Hamilton has been appointed to the role of Chief Financial Officer of the Company. Mr. Hamilton brings over 25 years of post-qualification experience in accounting and financial roles, including service as Chief Financial
Officer of Crystallex International and Vice President, Group Controller of Amec Americas (formerly AGRA Inc.). Mr. Hamilton is a current director and Chair of the Audit Committee for Silk Road Resources.

The Board of Directors has accepted the resignation of Dr. Lawrence Snee as Vice President - Exploration.

Subject to regulatory approval, Amerix has granted incentive stock options to its directors, officers, consultants and employees under its stock option plan for the purchase of up to 2,075,000 common shares of the Company for a period of five years at a price of 55 cents per share. The options held by the four former directors of the Company remain exercisable until the end of the option period determined by the Board of Directors at the time of the grant of the applicable option.

About Amerix Precious Metals Corporation

Amerix Precious Metals Corporation is an Ontario corporation exploring for precious metals in Brazil. Vila Porto Rico and Limao are gold projects in the Tapajos Gold Province in Brazil. The common shares of Amerix trade on the TSX Venture Exchange under the symbol "APM" and at the Frankfurt Stock Exchange under the symbol "NJG". Additional information regarding the Corporation, including the audited consolidated financial statements of Amerix for the financial year ended July 31, 2007, and related management's discussion and analysis of results, can be found on SEDAR at www.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Amerix Precious Metals Corporation
    Jeffrey Reeder
    CEO and President
    (647) 302-7290
    CHF Investor Relations
    Jenny So
    Broker Relations Specialist
    (416) 868-1079, Ext. 225
    Studer Consulting
    Marlies E. Studer
    +41 44 215 28 03