Choice Resources Corp.
TSX VENTURE : CZE

Choice Resources Corp.

October 11, 2006 16:00 ET

Choice Announces Appointment and Update of Reclamation Operations

CALGARY, ALBERTA--(CCNMatthews - Oct. 11, 2006) - Choice Resources Corp. ("Choice") (TSX VENTURE:CZE) is pleased to announce the appointment of Larry Malowany to the position of VP Business Development and Chief Operations Officer. Dennis Forgeron has elected to pursue business opportunities within his private corporations. On behalf of management and the Board of Directors we would like to thank Dennis for his involvement in the establishment and growth of Choice, and we wish him the best in his new ventures in oil and gas as well as wind power generation.

Larry has over 25 years of industry experience in operations, exploitation engineering and business development. His initial responsibilities will be to search out and analyse business opportunities in areas complementary to Choice and to develop business plans in conjunction with the CFO and the CEO.

In other activity Choice will be demolishing two old 350 foot stacks on the Pincher Creek plant site on Thursday October 12 (weather-permitting). Choice, in conjunction with Hazco Environmental Services, will be raising money for the Windy Slopes Foundation (a local Pincher Creek charity in the Health Care business) during this event. Funds raised will be used locally in support of health care issues.

In relation to the demolition, the removal of these stacks will complete approximately 80% of the reclamation of the 14 acre plant site which Choice purchased in 2002. All excess buildings and associated equipment have now been removed. Choice submitted a plan to the AEUB in 2004 which addressed the reclamation over a ten year period and Choice has chosen to accelerate this project in fitting with its social, moral and business obligations. Choice will continue to have operations in the area and to exploit the reserves on an economical basis. Numerous opportunities for increased production and reserves have been identified.


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Contact Information

  • Choice Resources Corp.
    Gordon D. Harris
    President and CEO
    (403) 216-5821
    (403) 216-5828 (FAX)
    Email: gharris@choiceresources.ca
    or
    Choice Resources Corp.
    Steve Austin
    Chief Financial Officer
    (403) 216-5821
    (403) 216-5828 (FAX)
    Email: saustin@choiceresources.ca
    or
    Choice Resources Corp.
    1100, 550 - 11th Avenue S.W.
    Calgary, Alberta T2R 1M7