SOURCE: Grand Pacaraima Gold Corporation

October 31, 2007 12:53 ET

Grand Pacaraima Gold Corporation Announces Appointment of New Chairman

VERNON, BC--(Marketwire - October 31, 2007) - Grand Pacaraima Gold Corporation (PINKSHEETS: GPGD) announced today the appointment of A.A. Abdoulladjanov as the company's new Chairman of the Board. Mr. Abdoulladjanov is a former Prime Minister of Tajikistan and a former Ambassador to Russia.

Mr. Abdoulladjanov is respected internationally as a political, business and diplomatic leader. He graduated from the Academy of National Economics of USSR in Moscow and possesses advanced degrees in Engineering, Economics, Urban Planning and Agriculture.

He is the founder of several large industrial concerns in the former Soviet Union in the industries of Mining, Manufacturing, Textiles and Agriculture and became known as one of the first Billionaires in the former Soviet Union.

Grand Pacaraima Gold Corporation will soon provide an update on its Venezuela Gold Mining assets in the Pacaraima mountain ranges, its pending acquisition of large Iron Ore and platinum deposits on 1,500 hectares in Canada, and producing oil and gas interests in the United States of America.

Forward-Looking Statements:

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Contact:
    Nestor C. Buenaflor
    Mobile: +63-920-380-8766