Consolidated Pacific Bay Minerals Ltd.
TSX VENTURE : CBP

Consolidated Pacific Bay Minerals Ltd.

March 23, 2006 09:00 ET

George Sanders, M.Sc, P.Geo Appointed President and CEO of Pacific Bay Minerals

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 23, 2006) - Consolidated Pacific Bay Minerals Ltd. (the "Company") (TSX VENTURE:CBP) reports that Mr. Guilford H. Brett, founder of the Company, has stepped down from his role of President and CEO and has handed the reins to Mr. George F. Sanders, Jr. Guil Brett now assumes the role of Chairman of the Board of Directors of PacBay and plans to stay very active in the Company's strategic planning and fund raising efforts going forward.

Mr. Sanders, currently Director (since June 2004) and Vice President of Argentina Operations for the Company (since September 2004), brings a wealth of experience to PacBay. George is a member of the Association of Professional Geoscientists and Engineers of British Columbia and is a Licensed Engineering Geologist in the State of Washington. He worked for subsidiaries of Gold Fields PLC during the 1980's in Chile and Nevada, and was Exploration Manager for Canyon Resources in Argentina from 1993 to 1995. Mr. Sanders was educated at the Colorado School of Mines and the University of Arizona. He is active in the Mining and Exploration Division of the Society for Mining, Metallurgy and Exploration (SME) and also belongs to the Society of Economic Geologists (SEG) and the American Association of Petroleum Geologists (AAPG). George writes the Argentina Annual Review for the Mining Journal of London each year and was a founding member of Argentina's GEMERA, a group of mineral exploration companies formed to lobby the government on issues of concern to foreign mining investors.

Concerning this strategic move for the company, Guilford Brett says, "Working in foreign countries always demands a great amount of sophistication and understanding of the local culture. George's many years of experience in Argentina and his fluency in Spanish augers very well for our ultimate success in South America."

George Sanders, incoming President says of Guilford Brett, "Guil Brett is one of Vancouver's real "mining men" in every sense of the term. He's had tremendous success in the mining industry and has built PacBay into a well-respected and dynamic company that I'm proud to be associated with. Under Guil's direction in the last 2 years I've been able to add to PacBay's portfolio of quality exploration projects which have excellent chances of becoming future mines both in Canada and in Argentina. I will work hard to continue building the company and I salute Guil and thank him for his contributions as President."

ON BEHALF OF THE BOARD OF DIRECTORS

Guilford H. Brett, Chairman


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Contact Information

  • Consolidated Pacific Bay Minerals Ltd.
    Investor Relations
    (604) 682-2421 or Toll Free: 1-800-670-6570 (Canada)
    Toll Free: 1-800-665-5101 (USA)
    (604) 682-7576 (FAX)
    www.pacificbayminerals.com