Garrison International Ltd.

Garrison International Ltd.

September 08, 2005 17:53 ET

Garrison Update

TORONTO, ONTARIO--(CCNMatthews - Sept. 8, 2005) - Garrison (TSX VENTURE:GAU) today announces the appointment of two new directors, Amalia DiFalco and Victor Ruimy, to fill the vacancies created by the resignation of each of Denis Clement and Thomas Kennedy from its board of directors.

The board of Garrison would like to announce the appointment of Peter Fritz as interim President & CEO of the Company. George Cole has resigned as President & CEO, but will remain on the board as a director of Garrison.

The Company would like to thank George Cole for his leadership role in advancing Garrison from infancy to present status. The Company would also like to thank Denis Clement and Thomas Kennedy for their contributions to the board.

Garrison announces that the proposed private placement financing announced on July 22, 2005 will not be completed.

Preliminary exploration work has begun on the Wutai Property in China. An initial program of geochem sampling and geophysics is being conducted.

About Garrison

Garrison is junior mineral exploration company focused on acquiring and developing advanced stage, high quality, gold properties in China. For complete details on Garrison and its partners, management encourages investors and interested parties to consult the final prospectus of Garrison dated May 31, 2005 and filed on SEDAR.

Forward-Looking Statements

All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the future plans and objectives of Garrison. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Garrison assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

Shares Outstanding - 37,130,057

Contact Information

  • Garrison International Ltd.
    John Cullen, Chair
    Suite 512, 120 Adelaide Street West
    Toronto, ON M5H 1T1
    (416) 366-9192