Redzone Resources Ltd.
CNSX : REZ

Redzone Resources Ltd.

January 19, 2010 15:05 ET

Redzone Resources Ltd.: Appointment of New Officers and Grant of Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2010) - Redzone Resources Ltd. (the "Corporation") (CNSX:REZ) is pleased to announce that Michael Murphy has been appointed as President and Chief Executive Officer and Neil Halldorson has been appointed as the Chief Operating Officer.

Mr. Murphy has spent several years working in the finance industry. Prior to returning to Vancouver he spent 15 years in London with Merrill Lynch and Credit Suisse.

Prior to joining Redzone Resources, Mr. Murphy, MBA, MSc., was President and Chief Executive Officer of Gleichen Resources (GRL-V). Gleichen acquired and financed the Morelos Gold Property from Teck Resources a leading Canadian mining company. He has since resigned to allow experienced mining executives to run the company, however he remains on the Gleichen board.

The Corporation also reports that it has granted a total of 1,925,000 stock options at the exercise price of $0.42 each to various directors, officers and a consultant. The stock options are granted pursuant to the Corporation's Stock Option Plan.

Redzone continues to assess new properties and opportunities with an overall goal of growing the Company.

ON BEHALF OF THE BOARD OF DIRECTORS OF REDZONE RESOURCES LTD.

Michael Murphy, Director, President and CEO

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

Contact Information

  • Redzone Resources Ltd.
    Mr. Michael Murphy
    604-687-3100