Firebird Resources Inc.
TSX VENTURE : FIX

March 25, 2011 06:00 ET

Firebird Resources (FIX-V) Appoints President and CFO and Grants Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2011) - Firebird Resources Inc., ("Firebird" or the "Company") (TSX VENTURE:FIX) is pleased to announce that it has appointed Mr. John F. Cook as President and CEO effective immediately. Mr. Cook has over 45 years of mineral resource experience, most recently as Chairman of Premier Gold Mines Limited from 2007 to 2010, and prior thereto, with Wolfden Resources Inc., between 2004 and 2007.

In addition, the Company reports that Stephen Gledhill, CMA, has been appointed as CFO and Secretary effective immediately. Mr. Gledhill acts as CFO of a number of emerging resource companies and is a partner in RG Mining Investments Inc., a mineral project generation and services company.

John Cook, President and Chief Executive Officer, stated: "I look forward to managing the growth of Firebird as we seek to create shareholder value through the exploration of our strategic land holdings in South Carolina."

Mr. Thomas R. Tough resigned from his position as President and CEO of the Company effective immediately, however he will continue to act in his capacity as a director. In addition, Garth Sinclaire resigned from his position as Chief Financial Officer and Secretary of the Company effective immediately. The Company thanks Mr. Tough for his leadership over the past fourteen months and Mr. Sinclaire for his services over the past 3 1/2 years.

The Company also reports that, subject to regulatory approval, it has granted 4,000,000 stock options at $0.60 per share to its management, directors, consultants, advisors and charities expiring December 31, 2013, all subject to quarterly vesting terms over periods of one to two years, established by the Company's compensation committee.

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.

Contact Information

  • Firebird Resources Inc.
    Thomas R. Tough, P. Eng.
    Director
    604-946-0787