Paget Minerals Corp.

Paget Minerals Corp.

February 01, 2010 11:28 ET

Paget Minerals Appoints George Tikkanen to Board of Directors, Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2010) - Paget Minerals Corp. ("Paget") (TSX VENTURE:PGS) today announced the appointment of George Tikkanen to Paget's board as a director effective immediately.

Mr. Tikkanen is a successful exploration and mining executive with over 40 years international experience, predominately holding various senior positions up to and including President of Cominco Resources International Ltd. and Vice President, Exploration for Cominco Ltd. He spearheaded a number of significant discoveries including the Kudz Ze Kayah base metal deposit in the Yukon and the Aqqaluk and Paalaaq zinc deposits in Alaska. George's career accomplishments are many and varied, and he has held leadership roles with responsibility for eight mines representing world-class underground and open pit mining operations in five countries. He holds a B.Eng degree in geological engineering from the University of Saskatchewan.

Alan J. Whitehead, Chairman of Paget's board of directors said: "On behalf of the board of directors, management and staff of Paget, I would like to welcome Mr. Tikkanen to the board. George brings significant exploration and operational experience, and will add valuable strength and depth, as an independent member of Paget's board. We are delighted that such a distinguished individual as George has chosen to join Paget Minerals Corporation, and look forward to his contribution to the company's growth strategy."

The Company's board of directors has granted 125,000 incentive stock options to Mr. Tikkanen on his appointment as a director and 30,000 incentive stock options were granted to employees. The incentive stock options are exercisable for up to five years at a price of $0.25 per share. The options were granted pursuant to the Paget Minerals Corp. shareholder-approved stock option plan and are subject to any applicable regulatory hold periods.

About Paget Minerals Corp.

Paget Minerals Corp. is a British Columbia company focused on mineral exploration and the development of a diverse range of precious metal, base metal and rare earth element projects in North America.

On Behalf of the Board of Paget Minerals Corp.,

David F. Volkert, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Paget Minerals Corp.
    David Volkert
    President & CEO
    (778) 327-4449
    (778) 327-6546 (FAX)