UC Resources Ltd.

UC Resources Ltd.

November 06, 2007 14:42 ET

UC Resources Anounces Jim Voisin as New President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2007) - UC Resources Ltd. (TSX VENTURE:UC) ("UC" or "the Company") is pleased to announce that Mr. James Voisin has been appointed as President and joined the board of directors, effective immediately.

Mr. Voisin, age 50, has been very active in the mining industry for the past twenty years, including previous Board of Director experience, numerous investor relations assignments, and senior executive positions. He is the very recent past President of Cadillac Ventures Inc. and presently President of First Mexican Resources Inc. Previous to the mining industry experiences he served on the Board of Directors of OK Tire, a corporation with one billion dollars in sales, based in Langley, B.C.

Through Greenstone Consulting, Mr. Voisin has provided investor relations services to Spider Resources (SPQ) and Iberian Minerals (IZN) for many years, both of which are listed on the TSX Venture Exchange. The extensive experience gained as a result of assisting in the development and re-opening process associated with the Iberian Minerals Aguas Tenidas mine in Spain, which has an estimated budget in excess of $300 million dollars, plus the international exposure, should serve Jim well with UC.

Mr. Voisin has substantial knowledge of the James Bay Lowlands and more specifically of the McFaulds Lake area where the recent Noront Resources major nickel, copper and PGM discovery has occurred. Including being familiar and on a first name basis with all the key people associated with this emerging major new exploration mining camp, he has visited on numerous occasions the Spider Resources McFaulds camp which is owned and operated by Billiken Management. In addition, he has participated in visits and meetings with the Band leaders and Council of both the Webiquie and Martin Falls First Nations communities. This has provided Jim with extensive experience and knowledge of both the geology of the area as well as the geo-political environment of working in Ontario's north lands.

During Mr. Voisin's six year working relationship with Spider Resources he has become recognized in the area and has become quite familiar with the "Lay of the Land" while assisting in the development and advancement of Spider's significant VMS discoveries on the McFaulds Lake claims under the guidance and supervision of Mr. Neil Novak. These claims were optioned to UC Resources in the spring of 2007, giving UC Resources the binding right to earn up to 55% interest in the Spider/KWG joint venture property.

In his recent capacity as President of Cadillac Ventures there has been constant communication with Mr. Richard Nemis, President of Noront Resources, the joint venture partner on their jointly held Burnt Hill tungsten/molybdenum deposit in New Brunswick. This strong mutual respect and working relationship has developed over many years of working together even prior to the present joint-venture. Experience in JV relationships will greatly assist Mr. Voisin in his duties with UC. Mr. Nemis states: "Jim is a grounded exploration enthusiast with a willingness and drive to get the job done; we welcome his leadership and expertise as this McFauld's area play continues to evolve."

Mr. Voisin is no stranger to Mexico which is a significant area of operation and interest to UC. As President of First Mexican Resources (TSX application underway) he has experienced the challenges of dealing with the Mexican culture as well as the infrastructure realities that exploration in the region can bring.

As President of Billiken Management and a Director of First Mexican Resources, Mr. Brian Newton says, "If it needs to be done, Jim will get it done in a timely and efficient manner." Mr. Voisin has a longstanding relationship with Billiken Management, which is presently providing management services to the ongoing drill program for Noront Resources in the McFaulds Lake area, managed the recently completed drill program for UC Resources/Spider/KWG in the McFaulds Lake area, and provided management services on the recent UC drill program at Copalquin, Mexico.

On behalf of the board of directors,

Brian Gusko, CFO

Investors are invited to visit the UC Resources IR Hub at http://www.agoracom.com/ir/UCResources where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to UC@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com.

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

Contact Information

  • UC Resources Ltd.
    Vancouver Head Office
    (604) 681-7265 or Toll Free: 1-800-366-8566 (Canada & USA)
    (604) 608-6163 (FAX)
    Website: www.ucresources.net