Genco Resources Ltd.
TSX : GGC

Genco Resources Ltd.

June 26, 2008 21:34 ET

Genco Is Pleased to Announce Election of Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 26, 2008) - Genco Resources Ltd. (TSX:GGC) announces the election of the following seven individuals to serve as directors for the ensuing year: James R. Anderson (Co Chair), Robert C. Gardner (Co Chair), Richard W. Hughes, James M. McDonald, Charles E. Schroeder, III, Brian R.D. Smith, QC, and Lyle Weismantel. The voting results reflect the culmination of a proxy contest which produced a board consisting of both constituents.

Mr. Anderson and Mr. Gardner commented, "This contest resulted in an airing of views with respect to the current status, challenges and opportunities facing our Company. Both sides acknowledge that there were differences and misunderstandings on a variety of matters and the new Board is committed to moving forward with improved communication and cooperation while meeting the highest governance standards."

All Board members are now agreed on the twin priorities of completing the full feasibility study and increased production at La Guitarra. The new Board has unanimously agreed to separate the operations and personnel of Genco and Andover Resources within six months.

Now that the Board has unanimously agreed to resolve these various issues we may now attend to the important task of developing what we judge to be the world class asset at La Guitarra.

This news release contains certain forward-looking statements that involve risks and uncertainties such as statements of the Company's plans, objectives, strategies, expectations, and intentions. The words "may", "would", "could", "will", "intend", "plan", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including those factors discussed below and in filings made with the Canadian securities regulatory authorities. Should one or more of these risk factors or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation to update these forward-looking statements.

The Toronto Stock Exchange has not reviewed the contents of this release and does not accept responsibility for the accuracy of the contents of this release.

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