Edgewater Exploration Ltd.

Edgewater Exploration Ltd.

October 04, 2010 10:30 ET

Edgewater Exploration Announces Blayne Johnson as Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2010) - George Salamis, President and CEO of Edgewater Exploration Ltd. ("Edgewater" or the "Company") (TSX VENTURE:EDW), is pleased to announce that Mr. Blayne Johnson has joined the board of directors of Edgewater.

Mr. Johnson is Chairman of Featherstone Capital Advisors Inc., a director of Calibre Mining Corp. and has been involved in the investment business for the past 23 years. He provided early stage capital markets advice, seed capital and assisted in project acquisition for Terrane Metals Corp., Calibre Mining Corp., Avanti Mining Inc., MBAC Fertilizer Corp. and Edgewater Exploration Ltd.

As a Vice President of First Marathon Securities, he played a key role in providing institutional financing to junior resource companies. During his tenure at the firm, First Marathon participated in over $5 billion of equity financings for natural resource companies. His work at First Marathon involved equity and debt financings as well as mergers and acquisitions. Mr. Johnson also advised institutional clients on investments. Since 1996 Mr. Johnson has managed his own investment and real estate portfolios and has been an active investor in the mining and energy sectors.

George Salamis, President and CEO of Edgewater comments, "As one of the founding members of Edgewater, we are pleased to have Blayne join our board. The capital markets experience that Blayne brings will be of great value for the current and future growth of Edgewater."

About Edgewater Exploration Ltd.

Edgewater is a mineral exploration company focused principally on acquisitions, advancement and development of precious metal properties. Edgewater is currently developing the Enchi Gold Project in Ghana, West Africa and the Corcoesto Gold Project in Northwest Spain.

On behalf of the board of EDGEWATER EXPLORATION LTD.

George Salamis, President and CEO

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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