Gold-Ore Resources Ltd.
TSX VENTURE : GOZ

Gold-Ore Resources Ltd.

January 14, 2008 12:02 ET

Gold-Ore Resources Ltd.: Appointment of Vice President-Mining, Granting of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 14, 2008) - Gold-Ore Resources Ltd. (TSX VENTURE:GOZ) is pleased to announce the appointment of Robert (Bob) Powers as Vice President - Mining. Bob is a mining engineer with 30 years experience and is intimately familiar with all phases of underground mining. Bob has worked extensively in Canada and several European countries as an engineer, manager and consultant. As a senior engineer and manager he worked at many Canadian gold mines including Ross, MacIntrye and Golden Giant. Bob also worked on base metal mines at Snow Lake, Geco and Myra Falls.

Most recently, Bob was instrumental in the re-activation of the Aljustral mine in Portugal and the acquisition by Eurozinc Mining of the Neves Corvo mine also in Portugal.

Bob has been involved with the Bjorkdal project for the past 18 months and will be responsible for all aspects related to mine production, scheduling and design at the Bjorkdal Mine. In addition Bob will assist Gold-Ore in the evaluation of acquisitions of other properties with near-term production potential.

Glen Dickson, Chairman, commented, "The addition of Bob with his extensive mining experience adds a significant member to the Gold-Ore team helping us achieve our goal of generating cash flow from gold production to support aggressive exploration programs. The Bjorkdal plant has a highly efficient Swedish operating team and Bob brings the underground mining expertise required to supply ore to the plant."

The Company has granted incentive stock options to Company consultants and employees to purchase up to 300,000 common shares at an exercise price of $0.82. The options are exercisable for a period of three years ending on January 14, 2011. The grant of the stock options is subject to regulatory approval.

On Behalf of the Board of Directors

Glen Dickson, Chairman

GOLD-ORE RESOURCES LTD.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

News Release 08-03

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

Contact Information

  • Gold-Ore Resources Ltd.
    Glen Dickson
    (604) 687-8884
    or
    Gold-Ore Resources Ltd.
    Robert Wasylyshyn
    (604) 687-8884
    (604) 629-0400 (FAX)
    Website: www.goldoreresources.com