Oro Silver Resources Ltd.
TSX VENTURE : OSR

Oro Silver Resources Ltd.

October 29, 2009 08:30 ET

Oro Silver Board of Directors Re-Elected

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2009) - Oro Silver Resources Ltd. ("Oro Silver or the "Company") (TSX VENTURE:OSR) announces the re-election of all six current members of the Board of Directors by its shareholders. Darren Bahrey, Oro Silver's President and CEO, stated that maintaining the continuity of the Board will greatly benefit the Company as we continue to develop our advanced-stage assets in Zacatecas, Mexico. "We are extremely pleased to have the ongoing support and commitment from our highly qualified board," said Mr. Bahrey. "Our Directors continue to provide valuable experience and contribute significantly to the Company's growth."

The following re-elected Board members include:

Gregory Cox, Chairman - A senior member of the board with a lifelong record of exploration success, Greg has experienced a number of cycles and trends over his 34 years in the mining industry. He has also gained a valuable global perspective. He spent 15 years with Placer Dome as General Manager of Global Mine-site Exploration where he reviewed, worked on and collaborated with a number of successful individuals and industry leaders. With Placer Dome he oversaw the successful expansion of reserves in Ontario, Nevada, Montana, Chile, Western Australia, Queensland, Tasmania, Papua New Guinea, and Tanzania. Greg holds a Bachelor of Science degree in Geology and a Master of Science in Economic Geology.

Darren Bahrey, President, CEO, and Director - Darren formed Oro Silver as a spin out vehicle from Oro Gold Resources Ltd. allowing shareholders to benefit from the silver assets held by Oro Gold. He is founder and President of Oro Gold and director of a number of junior exploration companies. Darren is a company builder with long-term vision and expertise in putting together teams that deliver exceptional results. He is a global thinker and strategist who has developed strong skills in negotiations and acquisitions. Formerly, as Exploration Manager with Placer Dome, Darren developed a significant track record in being part of successes in the discovery and definition of several multi-million ounce gold deposits in the Americas. He has also had substantial involvement in the completion of multi-million dollar equity financings and the formation of a long-term committed shareholder base. Darren holds a Bachelor of Science degree in Geology.

Derek White, Director - Since 1992 Derek has worked exclusively in the mining industry, originally with Impala Platinum Ltd. where he held financial management positions in both mines and operations in South Africa and also metals trading in London. In 1994 he joined Billiton International Metals BV where he was part of the Gencor Ltd. acquisition team. He held executive financial positions with Billiton in The Hague, London, and in Toronto where he also was Chief Financial Officer. Derek currently serves as VP Corporate Development for Quadra Mining, a copper mining company based in Vancouver with mines in Chile and the USA. In addition to his impressive resume, Derek has developed excellent business insight and financial strategic abilities. His experience and contacts have assisted Oro Silver in making high-level introductions with institutional investors and major mining companies. Derek holds a Bachelor of Science degree in Geological Engineering and is a Chartered Accountant.

Greg Martin, Director - As Assistant Treasurer of Finning International Inc. and former Vice-President and CFO of Zincore Metals Inc., Greg provides Oro Silver with senior company experience and perspective. He has held strategic positions with larger mining companies including Placer Dome, where for ten years he held the positions of Manager of Corporate Finance and Insurance, General Manager of Business Development, and Director of Investor Relations. Greg's big-picture perspective and simultaneous attention to detail have contributed in guiding Oro Silver's activities. He holds an Bachelor of Science degree in Civil Engineering and a Masters of Business Administration.

Mark Pryor, Director - Mark is a consulting professional geologist with 20 years of management experience in advanced stage exploration and mine development projects worldwide. He has worked in Mexico, Eurasia, Africa and South America and held management positions with recognized industry leaders such as Placer Dome, Minefinders, and Anglo American. Mark has worked in Mexico for over 15 years and has developed a vast network of connections and a deep understanding of the country, its peoples and regulations. He also has the ability to review and assess properties at all levels of development. Mark holds a Bachelor of Science in Geology.

Brian Fowler, Director - Brian has worked with junior, mid-tier and major mining companies on a global basis for over 29 years. He is currently President and Chief Executive Officer of one junior exploration company and a founding director of two others. Brian has served as Exploration Manager for Quadra Mining Ltd., where he oversaw advanced and pre-feasibility exploration projects in Chile and Peru. Prior to Quadra, Brian spent 13 years with Placer Dome Inc. in a variety of technical and exploration managerial roles. He possesses an eye for technical details, enabling him to advise management on how best to advance projects. Mr. Fowler holds a Bachelor of Science in Geology.

In addition to the re-elected board members, the following persons have been appointed to Oro Silver's management team for the ensuing year:

Gregory Cox, Chairman of the Board

Darren Bahrey, President and Chief Executive Officer

Thomas Bagan, Chief Operating Officer and VP Operations

Peter Kendrick, Chief Financial Officer and VP Strategic Development

Mimy Fernandez-Maldonado, Corporate Secretary

About Oro Silver

Oro Silver is a silver exploration company pursuing early and advanced stage silver-based opportunities in Mexico. Oro Silver's strategy is to develop properties towards silver production through a strategic business arrangement and development plan focused on advanced-stage projects with known silver resources that exhibit potential for expansion. The El Compas mine continues to be the cornerstone for Oro Silver's growth strategy in the Zacatecas silver district.

ON BEHALF OF THE BOARD OF DIRECTORS,

Peter Kendrick, CFO & VP Strategic Development

Some statements in this release may contain forward-looking information. These statements include, but are not limited to, statements with respect to future exploration, resource estimation, development and production activities and future expenditures. 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 to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the time and success of future exploration, development and production activities and the timing and amount of expenditures.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Oro Silver Resources Ltd.
    Peter Kendrick
    CFO & VP Strategic Development
    604-646-1585
    604-642-2411 (FAX)
    www.orosilver.com