June 01, 2005 11:03 ET

Baltic Resources Inc. Announces Voting Results of Shareholders' Meeting and the Appointment of Stephen Gledhill as Chief Financial Officer and Secretary

TORONTO, ONTARIO--(CCNMatthews - June 1, 2005) - Baltic Resources Inc. (the "Company") (TSX VENTURE:BLR) wishes to announce that it has obtained disinterested shareholder approval for its proposed acquisition from Donald McKinnon of the two mining properties (the "Properties") located in the mining districts of Sault Ste. Marie, Ontario and Porcupine, Ontario, as previously disclosed in the Company's news release dated March 24, 2005, at its annual and special meeting of shareholders held on May 31, 2005. The Company intends to complete the acquisition of the Properties by the end of the month, subject to obtaining regulatory approval.

The Company also wishes to announce today the appointment of Mr. Stephen Gledhill as the Chief Financial Officer and Secretary of the Company. Mr. Gledhill has 20 years of financial, administrative and transactional experience encompassing both the corporate and entrepreneurial sectors. He was the Senior Vice President and Chief Financial Officer of Borealis Capital Corporation and its related and subsidiary companies prior to joining the Company. Mr. Gledhill is also the Chief Financial Officer of GLR Resources Inc. and European Minerals Corporation, public mineral explorations companies. In accordance with the policies of the TSX Venture Exchange, Mr. Gledhill's appointment to Chief Financial Officer of the Company is subject Exchange approval.

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

Contact Information

  • Baltic Resources Inc.
    Donald D. McKinnon
    President and Chief Executive Officer
    (705) 268-8822