Affinor Resources Inc.

Affinor Resources Inc.

September 17, 2007 15:00 ET

Affinor : Changes to the Board and Private Placement

- Appointment of Richard Arcand, Gary Nassif and Gaetan Pelletier and resignation of Gilles Provost and Cynthia Edna del Gadillo. - Private placement of a minimum of $100,000 and a maximum of $500,000.

LAVAL, QUEBEC--(Marketwire - Sept. 17, 2007) - Ressources Affinor Inc. ("Affinor", the "Company") (TSX VENTURE:AFI) announces the appointment of Mr Richard Arcand as member of the Board of Directors. Mr Arcand had been approved as a control persona at the Annual and Special Shareholders Meeting on May 18th 2007.

Mr Arcand is a reverse take-over specialist and manager of mining work; he has an impressive background as Director of Listed Issuers especially in the mining exploration industry.

The Company also announces the appointment of Mr Gary Nassif, M.Sc., P.Geo. as Vice-President, Exploration in place of Gilles Provost who resigns from the Board.

Mr Nassif is a geologist with more than 14 years experience in gold, base metals and alluvial diamond exploration in sub-Saharan Africa, especially in the Central African Republic and in the Democratic Republic of Congo (Tshikapa area), and in Canada.

Also, Mr Gaetan Pelletier is named member of the Board and Chief Financial Officer in place of Mrs Cynthia Edna delGadillo.

On behalf of the Board of Directors, Mr Daniel Barrette, president of the Company, thanks the departing members for their continued support throughout their tenure. Mr Barrette adds: " Affinor is proud of the involvement of such experienced people as Mr Arcand, Nassif and Pelletier. They represent an important complement to our team at a crucial time for the Corporation given the scope of our projects".

The Company also announces that it is proceeding with a private placement through an offering memorandum. A minimum of $100,000 and a maximum of $500,000 is being offered in units of $1,000. Each unit is made up 10,000 common shares at $0.10 and 10,000 share purchase warrants each warrant entitling the holder to purchase one common shares at $0.15 for up to 24 months.

Proceed from the placement will be put towards general working capital requirements. This arms length transaction is subject to regulatory approval and finders fee may be paid according to industry standards.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the information presented in this release.

Contact Information

  • Ressources Affinor Inc.
    Daniel Barrette
    450-622-6626 or 450-622-8292