February 11, 2014 14:12 ET
LONGUEUIL, QUEBEC--(Marketwired - Feb. 11, 2014) - Avala Resources Ltd. ("Avala") (TSX VENTURE:AVZ) reports that Jonathan Goodman has resigned as a director of the Company and Rick Howes has been appointed to fill the vacancy created by Mr. Goodman's departure. The board of directors of the Company wishes to thank Mr. Goodman for his valuable contribution as a director since 2010.
Rick Howes is a professional engineer and holds a B.Sc. (mining engineering) from Queen's University, Ontario, Canada. Mr. Howes has over 30 years' experience in the mining industry, and is currently president, chief executive officer, and a director of Dundee Precious Metals Inc. ("DPM"). DPM is Avala's majority shareholder, holding approximately 53.1% of Avala's issued and outstanding common shares.
About Avala Resources Ltd.: Avala Resources is a mineral exploration company focused on the exploration and development of the Timok Gold Project in Eastern Serbia. The Timok Gold Project comprises the Bigar Hill, Korkan, and Kraku Pestar deposits. Additional information about the Company is available on SEDAR at www.sedar.com and at www.avalaresources.com.
Neither the 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 press release.
Avala Resources Ltd.James CrombiePresident and Chief Executive Officerfirstname.lastname@example.org
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