Avion Gold Corporation
TSX VENTURE : AVR

Avion Gold Corporation

February 18, 2009 07:30 ET

Avion Resources Corp.: Chris Bradbrook Appointed Vice President, Strategic Development

TORONTO, ONTARIO--(Marketwire - Feb. 18, 2009) - Avion Resources Corp. ("Avion Resources" or "the Company") (TSX VENTURE:AVR), today announced the appointment of Christopher Bradbrook to the position of Vice President, Strategic Development, effective immediately.

Mr. Bradbrook has almost 30 years experience in the mining industry in progressively more senior roles and has worked both as a direct industry participant and in the financial sector as a mining analyst. Most recently he was CEO of New Gold where he was responsible for re-branding the company and raising almost $500 million. Prior to holding that role he was Vice President, Corporate Development with Goldcorp Inc. during the period of its most dramatic share price increase.

In this role he will assist the company in establishing itself as an emerging gold producer and ultimately as a key consolidator of gold assets in West Africa.

In connection with his appointment, Mr. Bradbrook has been granted 750,000 stock options at a price of $0.20. The options shall vest quarterly over a period of two years with the first installment vesting on the date of grant, subject to the four month regulatory hold. The options shall be subject to regulatory approval and shall expire five years from the date of grant, on February 10, 2014.

About Avion Resources Corp.

Avion Resources is a Canadian-based gold company focused in West Africa. The Company currently holds 80% of the Tabakoto and Segala gold projects in Mali. Gold production at these projects is commencing currently, with approximately 66,000 ounces of production forecast for 2009 rising to almost 100,000 ounces by 2011. Assuming completion of the recently announced merger with Dynamite Resources Ltd. (TSX VENTURE:DNR) the Company is fully funded to production and will have approximately CDN$13 million in cash.

Cautionary Notes

This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, without limitation, statements regarding the impact of the appointment on the Company. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; ability to successfully integrate the purchased properties; foreign operations risks; and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Avion Resources Corp.
    John Begeman
    President and Chief Executive Officer
    (416) 861-5884
    Email: info@avionresources.com