Black Pearl Minerals Consolidated Inc.
TSX VENTURE : BLK

Black Pearl Minerals Consolidated Inc.

October 31, 2007 16:15 ET

Black Pearl Announces Board Changes and Grant of Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2007) -

THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Black Pearl Minerals Consolidated Inc. (TSX VENTURE:BLK) wishes to announce that the board of directors have accepted the resignation of Mr. Peter George and on behalf of the shareholders would like to thank him for his years of service and dedication to the Company. The appointment of Ms. Judy Baker as President as previously reported will align the Board, with Mr. Robert Sibthorpe assuming the role as Chairman of the Company. The Company is pleased to announce that Mr. James Fairbairn has been appointed to its board of directors.

The Company has granted an aggregate of 445,000 options to purchase common shares of the Company exercisable at a price of $0.20 per share for a period of five years, to directors, officers and consultants of the Company. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.

ON BEHALF OF THE BOARD

BLACK PEARL MINERALS CONSOLIDATED INC.

Judy Baker, President

Shares Outstanding: 41,965,301

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

Contact Information

  • Black Pearl Minerals Consolidated Inc.
    Andrew Cook
    C.O.O.
    (604) 602-4935