Royal Standard Minerals Inc.
OTC Bulletin Board : RYSMF

Royal Standard Minerals Inc.

June 01, 2009 09:06 ET

Royal Standard Minerals, Inc. Announces Plans for 2009-2010

MANHATTAN, NEVADA--(Marketwire - June 1, 2009) - ROYAL STANDARD MINERALS INC. (OTCBB:RYSMF) (C.U.S.I.P. 780919106) ("RSM") announces its plans for 2009-2010 which includes evaluating all options to maximize shareholder value. The plan puts forth several initiatives that are expected to unlock the inherent value of the existing assets that are 100% controlled by the Company in Nevada. As stated previously in a recent press release, RSM will seek to develop a capital structure that will finance the Company for future growth over the next two years.

Additionally, this plan includes advancing the Goldwedge property toward achieving the potential that RSM believes this area contains. Management will pursue additional advanced exploration extension drilling at the Fondaway Canyon property and advance this property's state and federal development permits. RSM will pursue a strategic partnership for its Pinon-Railroad project; also to maximize the value of these assets in the near term.

Roland Larsen, CEO, states, "We believe that growth can be achieved with returns that will contribute toward maximizing shareholder value in RSM in the near term."

RSM is a natural resource exploration and development company,

Contact Information

  • Royal Standard Minerals Inc.
    Roland Larsen
    Mr. Rich Kaiser
    Investor Relations