January 07, 2008 06:00 ET

Boxxer Gold Announces Senior Management Changes

CALGARY, ALBERTA--(Marketwire - Jan. 7, 2008) - Boxxer Gold Corp. (TSX VENTURE:BXX) ("Boxxer" or the "Corporation") today is pleased to announce that effective January 1, 2008, it has executed a management consulting agreement with Mr. Elmer B. Stewart, through his wholly-owned company 397405 Alberta Ltd., whereby Mr. Stewart will assume the position of President and CEO of the Corporation. Mr. Stewart, a director and co-founder of Boxxer, has over 32 years in domestic and international mineral exploration and gold production experience. Mr. Stewart is currently a director of four other junior resource companies listed on the TSX Venture Exchange Inc.

During his career, Mr. Stewart has been involved with the development and production from two underground and three heap-leach gold mines, and has gained considerable experience in the exploration for uranium, gold, copper-gold and base metal deposits. Mr. Stewart's primary focus as President of Boxxer will be to oversee the exploration and further development of the advanced stage Nalesbitan gold project in the Philippines, as well as the further exploration and rationalization of the Corporation's properties in Nevada, USA and the Northwest Territories, Canada.

Effective January 1, 2008, Colin Christensen will assume the position as Vice President of Corporate Development and will also be responsible for the investor relation activities of the Corporation. The board of directors of the Corporation wish to express their appreciation for the effort Colin has provided over the past few years.

The Corporation also announces the granting of 500,000 options to Mr. Stewart to purchase common shares of the Corporation at an exercise price of $0.14 per share for a period of three years. The options shall vest quarterly over a period of two years.

About Boxxer Gold Corp.

Boxxer is a Canadian junior resource company involved in the exploration of copper-gold porphyry and Iron-Oxide-Copper-Gold projects in the state of Nevada. Boxxer recently acquired an option to purchase 65% of the Nalesbitan gold project in the Philippines.

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Forward Looking Statements: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding Boxxer's intentions are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

The TSX Venture Exchange Does Not Accept Responsibility for the Adequacy or Accuracy of This Release

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