Canaco Resources Inc.

Canaco Resources Inc.

January 25, 2007 09:00 ET

Canaco Adds Brian Lock to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 25, 2007) - Canaco Resources Inc. (TSX VENTURE:CAN) is pleased to announce the addition of a new member to the Board of Directors. Brian Lock, was nominated by management and approved as a Director at Canaco's recent annual shareholders meeting.

Brian Lock is currently the Executive Vice President, Frontier Pacific Mining Corporation. Mr. Lock has over 30 years of experience in the operations, feasibility, design engineering and construction of numerous precious metals and base metal mining projects around the world. Initially Mr. Lock held senior positions with a major international mining consortium and two major engineering companies, before, in 1985 forming and becoming President of Proton International Engineering Corporation, a Canadian engineering and construction company devoted to the development of small and medium sized mining projects. Additionally Mr. Lock has managed and/or served as a Director of several Canadian public and private companies.

"Canaco's Directors agree that the appointment of Mr. Lock to the Board represents a valuable addition to the Company's management," said Andrew Lee Smith, Canaco's Chairman and CEO. "The experience and skills that Brian brings to the Board are invaluable, and will contribute significantly to the Company's ability to achieve success and create shareholder value going forward."

Canaco Resources is an emerging junior gold exploration company trading on the TSX Venture Exchange. The company is actively engaged in the acquisition and exploration of advanced gold and diamond exploration projects.

The Company relies on litigation protection for "forward-looking" statements.

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

Contact Information

  • Canaco Resources Inc.
    Andrew Lee Smith
    Chairman and CEO
    (604) 488-0822 or 1-866-488-0822
    Canaco Resources Inc.
    Nick Watters
    Investor Relations
    (604) 488-0822 or 1-866-488-0822