Oro Silver Resources Ltd.

Oro Silver Resources Ltd.

December 07, 2007 09:00 ET

Oro Silver Adds Gregory Martin to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 7, 2007) - Oro Silver Resources Ltd. ("Oro Silver") (TSX VENTURE:OSR) is pleased to announce the appointment of Gregory J. Martin, B.A.Sc., MBA, as an independent member of its board of directors. Mr. Martin brings a strong background in finance and corporate relations to the company, which will assist him in his role as a member of the audit, compensation, and corporate governance committees.

Mr. Martin is CFO of TSX listed Zincore Metals Inc., and worked 10 years at senior gold producer Placer Dome Inc. through a variety of increasingly senior finance positions including leading their investor relations group. He also brings corporate development experience and has dealt with many international mining related issues which will benefit Oro Silver as it continues to develop its assets and make new acquisitions.

Oro Silver's Board of Directors has granted Mr. Martin 45,000 stock options, subject to regulatory approval. The options will have an exercise price of $0.99 per common share, with a hold period of four months and will expire on December 6, 2012.

Peter Kendrick will be stepping down as a director and member of the audit, compensation, and corporate governance committees, but will continue in his capacity as Chief Financial Officer of Oro Silver Resources Ltd.

About Oro Silver

Oro Silver Resources Ltd. is a silver exploration company pursuing early and advanced stage silver-based opportunities primarily in the western hemisphere. The company is focused on (i) developing resources at its El Compas project, and (ii) completing additional strategic acquisitions. Oro Silver's strategy is to become a mid-tier silver producer through an aggressive acquisition and development plan focused on advanced-stage projects with known silver resources that exhibit potential for expansion.

On behalf of the board of directors,

Gregory M. Cox, President and CEO

Some statements in this release contain forward-looking information. These statements include, but are not limited to, statements with respect to future exploration, expenditures, transactions and financings. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, risks related to actual results of exploration activities, the timing and amount of expenditures and the completion of transactions and financings.

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

Contact Information

  • Oro Silver Resources Ltd.
    Gregory M. Cox
    President and CEO
    (604) 646-1580
    (604) 642-2411 (FAX)