GoldTrain Resources Inc.

July 10, 2009 16:59 ET

GoldTrain Announces New Director and Extends Class A Warrant Expiry Date

TORONTO, ONTARIO--(Marketwire - July 10, 2009) - GoldTrain Resources Inc. ("GoldTrain") is pleased to announce that, subject to any necessary regulatory approvals, John Siriunas has been appointed to its Board of Directors replacing Frank Smeenk who resigned in order to be able to apply more of his time and efforts to his principal responsibilities at KWG Resources Inc. "We are delighted and honoured to have a person with the wealth of experience and talent of John Siriunas join our Board of Directors and strengthen the company's geological depth. Mr. Siriunas has carried on business as an independent consultant to the mining industry since 1979. Mr. Siriunas has also served in various management capacities with mining exploration companies including serving as president and a director of Cuervo Resources Inc., as a director of Shield Gold Inc. from 2005 to the present Hy Lake Gold Inc. from 2006 to present as well as several other senior management positions with other junior mining companies," said Brian Wright, GoldTrain's President. "On the other hand, we will miss Frank Smeenk and would like to take this opportunity to express our thanks to him in assisting with the reorganization of GoldTrain," Mr. Brian Wright added.

GoldTrain also announced that its Board of Directors approved an extension of the expiry date for its Class A warrants to 4:30 p.m. (Toronto time) on Friday, August 10, 2009. Each Class A warrant entitles the holder to purchase one common share of GoldTrain for $0.12 if exercised on or before the expiry date. The warrants also contain an over-subscription privilege entitling warrantholders to purchase additional GoldTrain shares on the expiry date at the same price if they exercise all of their warrants and other warrantholders do not. GoldTrain will pay a solicitation fee to securities dealers, brokers and others permitted under applicable securities laws to receive compensation for assisting their customers and clients in exercising warrants; the solicitation fee is equal to 6% of the amounts so subscribed.

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