Gossan Resources Limited

Gossan Resources Limited

March 04, 2005 02:30 ET

Gossan Appoints New Officer


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GOSSAN RESOURCES LIMITED

TSX VENTURE SYMBOL: GSS
FRANKFURT SYMBOL: GSR

MARCH 4, 2005 - 02:30 ET

Gossan Appoints New Officer

WINNIPEG, MANITOBA--(CCNMatthews - March 4, 2005) - Gossan Resources
Limited (TSX VENTURE:GSS)(Frankfurt/Freiverkehr:GSR) has appointed Carl
Chester as a Vice-President of the Company. Mr. Chester is an
independent businessman who has been involved with Gossan as a
fund-raiser for several years. His responsibilities with the Company
will be in the areas of corporate development and treasury. As part of
his compensation, Mr. Chester has been granted 150,000 incentive stock
options exercisable at $0.30 per common share for a period of 2 years,
subject to regulatory approval.

The management of Gossan Resources will be presenting the Company at the
Investors' Exchange - Booth 2222 - at the PDAC Convention being held
next week, from March 6th to 9th, at the Metro Toronto Convention Centre.

Gossan Resources Limited is engaged in mineral exploration in Manitoba
and northwestern Ontario. It has a well-diversified portfolio of
properties hosting gold, platinum group and base metals, as well as the
specialty metals, tantalum, chromium, titanium and vanadium. The Company
also has a large deposit of magnesium-rich dolomite and a silica sand
prospect. Gossan trades on the TSX Venture and the Frankfurt/Freiverkehr
& Xetra Exchanges and has 17,418,124 shares outstanding (21,043,124
shares fully diluted).

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Gossan Resources Limited
    Douglas Reeson
    Chairman & CEO
    (204) 943-1990 or Toll Free: (800) 462-4283
    (204) 942-3434 (FAX)
    E-mail: gossan@solutions.mb.ca
    Website: www.gossan.ca
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.