SOURCE: Gondwana Energy Ltd.

December 04, 2006 11:23 ET

Dr. Hugh Squair Appointed Chairman of Advisory Board

TAMPERE, FINLAND -- (MARKET WIRE) -- December 4, 2006 -- Gondwana Energy Ltd. (OTCBB: GNWA) is pleased to announce the formation of a Board of Advisors and the subsequent appointment of Dr. Hugh Squair of Surrey, B.C. as the Chairman of the Board of Advisors.

"I am pleased to announce the formation of an advisory board. We felt it was necessary to build a technical team comprised of leading experts who would be capable of assisting us with valuable insights as we embark on an extensive exploration and development campaign in Finland. Our goal is to achieve world-class success and in order to do that we need to have top geological minds involved to assist with our execution. Dr. Squair is the ideal person to Chair our Advisory Board and is a welcomed addition to our rapidly developing team," stated Dan Hunter, Chairman and CEO of Gondwana Energy.

Dr. Squair has not had any material direct or indirect interest in any of our transactions or proposed transactions over the last two years. A description of his business experience is set forth below.

Dr. Hugh Squair, Ph.D., P.Eng., has an extraordinarily broad background in mining and exploration for base and precious metals. A consulting geologist with over 30 years at Falconbridge and other senior mining companies, he has served on the boards of such companies as Goldrea Resources, Inc., Lexam Explorations Inc., and Augen Capital Corp. He also served as a technical consultant to the Ontario Securities Commission.

Previously, Dr. Squair worked for Lake Dufault Mines, a subsidiary of Falconbridge, as an exploration geologist, and later became exploration superintendent and exploration manager in Noranda, Quebec. He served as a senior geologist, chief geologist and exploration manager with the Selection Trust Group and as Vice-President, Exploration for Newmont Mining Canada. Other consultations include Kennecott Canada and Watts Griffis & McQuat Ltd., Toronto. He has been an independent consultant since 1989.

Dr. Squair graduated from the University of Saskatchewan in Geological Sciences in 1959, and completed a Ph.D. and D.I.C. in Mining Geology at the University of London in 1965.

Gondwana Director Robert Van Tassell summed up Dr. Squair's appointment by stating, "I have personally known and worked with Hugh for many years and suffice to say I fully endorse his appointment today. I introduced Hugh to our company because of my deep respect for his geological capabilities and the value I know he can bring to our company as we move forward."

Gondwana Energy Ltd. has previously announced its intention to change its name to better reflect its new direction. The proposed new name will be FinMetal Mining Ltd. and shareholder approval for the name change will be sought as soon as practical.

On Behalf of the Board:

Daniel Hunter

Gondwana Energy Ltd.
Suite 700, One Executive Place
1816 Crowchild Trail N.W.
Calgary, AB, Canada T2M 3Y7

B: 403-313-8985
F: 403-220-1389
Disclaimer

This release contains forward-looking statements that are based on the beliefs of Gondwana Energy Ltd.'s management and reflect Gondwana Energy Ltd.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. When used in this release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward-looking statements. Such statements reflect the current views of Gondwana Energy Ltd. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements.

Contact Information

  • Contact:
    Daniel Hunter
    Gondwana Energy Ltd.
    Suite 700, One Executive Place
    1816 Crowchild Trail N.W.
    Calgary, AB, Canada T2M 3Y7
    B: 403-313-8985
    F: 403-220-1389