Carpathian Gold Inc.
TSX : CPN

Carpathian Gold Inc.

January 29, 2008 09:41 ET

Carpathian Gold Strengthens Management Team

TORONTO, ONTARIO--(Marketwire - Jan. 29, 2008) - Carpathian Gold Inc. (TSX:CPN) ("the Corporation") is pleased to announce the appointments of Mr. Daniel Kivari as Chief Operating Officer and Mr. Randall Ruff as Executive Vice Present Exploration, both of which will become effective February 1, 2008.

Mr. Kivari, P. Eng., is a senior mining executive with a degree in Metallurgical Engineering and over 37 years of international experience in all aspects of mine operations, engineering, construction and development. Most recently he was Regional General Manger for Western Canada and Nunavut for Agnico Eagle Mines Ltd. and prior to that position, Vice President of Operations for Yamana Gold Inc. Mr. Kivari has also held senior engineering positions with the consulting firms of Kellogg Brown & Root/Colt Engineering and SNC-Lavalin. He has worked extensively throughout Latin America, Canada, Australia and the USA.

Mr. Randall Ruff, M.Sc., has over 15 years experience in mineral exploration and resource evaluations primarily throughout Eastern Europe, Western USA and East and West Africa. Prior to joining the Corporation, Mr Ruff was previously with SAMAX Gold where he oversaw the fast-track discovery-to-pre-feasibility advancement of the Kukuluma and Matandani gold deposits at Geita, Tanzania, which were subsequently acquired by Ashanti Goldfields. Mr. Ruff began his career with Santa Fe Pacific Gold Corporation. Most recently he has been located in Romania for the Corporation and has been involved in the discovery and advancement of the Corporation's Rovina Project.

Dino Titaro, President and CEO comments, "On behalf of the Board of Directors and management, we are delighted that Mr. Kivari has agreed to join us as he brings the experience required for the advancement and development of both the Riacho Dos Machados gold project in Brazil and the Rovina porphyry copper-gold project in Romania. His experience in the start-up and operations of both underground and open-pit mines, including several recent development/production projects in Brazil, as well as the large 50,000 tonne per day Chapada porphyry copper-gold mine in Brazil, is particularly relevant for the advancement and development of both the Romanian and Brazilian operations. Mr. Ruff, who has been with the Corporation for a number of years, is personally responsible for the Rovina porphyry discoveries. His expertise and knowledge of exploration and ore deposits and his track record for discoveries will continue to contribute and enhance our projects both in Romania and Brazil".

The Corporation is a mineral exploration company focused on gold and copper exploration and development primarily on its Rovina porphyry copper + gold property in Romania and gold exploration and development on the proposed Riacho Dos Machados Property in Brazil.

Forward-Looking Statements: This press release includes certain statements that may be deemed "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", and other similar words, or statements that certain events or conditions "may" or "will" occur. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Corporation expects, are forward-looking statements. Although the Corporation 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 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. There can be no assurance that forward-looking statements will prove to be accurate, as results and future events could differ materially from those anticipated statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

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

Contact Information

  • Carpathian Gold Inc.
    Dino Titaro
    President & CEO
    (416) 368-7744 (CAN)
    (416) 260-2243 (CAN) (FAX)
    or
    Carpathian Gold Inc.
    Mike O'Brien
    Manager Investor Relations
    (416) 368-7744 (CAN)
    (416) 260-2243 (CAN) (FAX)
    Email: info@carpathiangold.com
    Website: www.carpathiangold.com
    or
    Eric Leboeuf
    Investor Relations, Montreal
    (514) 341-0408 or 1-866-460-0408
    (514) 341-1527 (FAX)
    Email: ericleboeuf@paradox-pr.ca