Amseco Exploration Ltd.

Amseco Exploration Ltd.

January 22, 2007 16:09 ET

Amseco Announces the Election of a New Director and the Amendment of its Stock Option Plan

PIEDMONT, QUEBEC--(CCNMatthews - Jan. 22, 2007) - Amseco Exploration Ltd. (TSX VENTURE:AEL) ("Amseco") held on January 16, 2007, the first annual and special meeting of the shareholders since the listing of Amseco's shares on the TSX Venture Exchange (the "Exchange") on November 8, 2006.

Election of a new director

Amseco is pleased to announce the re-election of its four (4) directors during its annual meeting held January 16, 2007. A fifth director was also added to Amseco's board of directors, namely Mr. Nicolas Patry.

Mr. Patry, a construction management engineer, has over nine (9) years of experience and solid expertise in supervision, road project design and performance of general structural inspections. He has held several positions as a project manager/engineer, particularly with the ministere des Transports du Quebec, Societe d'energie de la Baie James ("SEBJ") and Groupe Seguin inc. He currently holds the position of project manager with Dessau-Soprin Inc. Mr. Patry also has solid experience in the field of soil mechanics, geotechnics and auscultation of earth retaining structures.

Amendment of the Stock Option Plan

Amseco is pleased to announce that, subject to the approval of the Exchange, the board of directors of Amseco has approved a resolution increasing the number of common shares reserved for issuance under its current stock option plan from 479,400 to 1,044,400 shares. The resolution was adopted, ratified and confirmed by the shareholders at the annual and special meeting held on January 16, 2007.

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

Contact Information

  • Amseco Exploration
    Bertrand Dufour
    President and Chief Executive Officer
    450-240-0522 (FAX)