Golden Fame Resources Corp.

April 04, 2011 16:09 ET

Graham Clark, Jr. Appointed CEO of Golden Fame Resources

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 4, 2011) - Golden Fame Resources Corp. (TSX VENTURE:GFA) ("Golden Fame" or "the Company") is pleased to announce that Graham "Chip" M. Clark, Jr. has been appointed President, Chief Executive Officer and director of the Company. Mr. Clark was the former Senior Vice President of Newmont Mining.

Graham "Chip" Clark, Jr.

Graham "Chip" Clark has been involved in the international hard rock mining community for the last 35 years as house counsel for The Anaconda Company and ASARCO, and as an officer and executive with the Newmont Mining Corporation - seven years as General Counsel and five years as Senior Vice President.

He has negotiated and implemented many joint operating agreements and other transactions involving the acquisition, finance and provision of security for mineral properties in the U.S., Canada, Mexico, Peru, Ecuador, Australia, Spain, Romania, Uzbekistan and Indonesia.

Mr. Clark was a key player in the successful settlement and remediation of Superfund clean-up actions and Clean Air violations in Colorado and Arizona. He has been involved in the acquisition of publicly and privately held companies for cash and stock, and senior mining company issuances of common stock and secured debt.

Chip Clark is well acquainted with junior resource companies. As founder and President of Gold Discovery Company, a privately funded exploration company which acquired and tested prospects in South America, Eastern Europe and central Asia he obtained and proved up a new government concession and was able to farm out its discovery to a major mining company. Mr. Clark serves as Chairman of United Mining Group, a near-production mining company working in Idaho's Silver Valley.

He has testified before Congress as an industry representative for the National Mining Association at House subcommittee hearings on environmental remediation regulations for public lands. Mr. Clark is a graduate of Yale College and Yale Law School.

Officer and Board Resignations

Mr. Peter Bryant has resigned as a director and Mr. Robert Bick has resigned as President and CEO. Golden Fame wishes to express its appreciation to Mr. Peter Bryant who has served as a director of Golden Fame since its incorporation and would also like to express its appreciation to Mr. Robert Bick who has served as the President, CEO and director of Golden Fame since its incorporation. Mr. Bick will remain as a director of the Company.

About Golden Fame Resources

Golden Fame's focus is to acquire and put into production historically productive gold, silver and copper properties now economic due to the robust increase in metals prices.

On Behalf of the Board of Directors,

Golden Fame Resources Corp.

Lawrence Dick, Director

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the inability to obtain financing, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Golden Fame Resources Corp.
    Savio Chiu