International KRL Resources Corp.
TSX VENTURE : IRK

International KRL Resources Corp.

August 15, 2005 12:57 ET

International KRL Resources Corp.: Clifford Frame Joins the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 15, 2005) - International KRL Resources Corp. (IRK) (TSX VENTURE:IRK) is pleased to announce the appointment of Mr. Clifford H. Frame to the Board of Directors.

Mr. Frame is a professional engineer with 40 years of experience in all aspects of resource project development, acquisition, marketing, financing, operations and production. Widely recognized for his achievements in the resource industry, he has overseen several major mine developments in Canada, Australia and Indonesia. Mr. Frame offers the Board outstanding industry experience, leadership and communication skills, which have earned him extensive international mining contacts and well-established relationships with government, financial and investor groups.

"International KRL Resources is extremely pleased to have Mr. Frame join the Board of Directors. He has a strong background in all aspects of mine exploration, development and operation. His addition to the Board strengthens our depth and competitive advantage as a Canadian exploration company. His experience in the mining industry and his involvement in many other facets of industry will greatly enhance the future of the company," says Seamus Young, President and CEO of International KRL Resources Corp.

Upon approval of the TSX Venture Exchange, Mr. Frame will be granted an option to purchase 1,000,000 common shares under the Company's stock option plan. The shares will be exercisable for two years at C$0.45 per share for 500,000 common shares and at C$0.60 for the balance. In addition, Global Uranium Corp., a company owned by Mr. Frame, has subscribed for 500,000 units of International KRL Resources on a private placement basis at a price of C$0.20 per unit. Each unit consists of one share and one non-transferable warrant exercisable at a price of C$0.30 per share for a period of 12 months.

Mr. Charles D. Mooney has resigned from the Board of Directors of International KRL Resources Corp. as of August 15, 2005. The Board of Directors would like to take to this opportunity to thank Mr. Mooney for his many contributions to the development of the company over the years and wish him every success in the future.

International KRL Resources Corp. specializes in acquiring and developing outstanding early-stage exploration properties with the potential to yield world-class deposits. The Company is currently exploring for uranium, copper, and gold in the Yukon Territory, Saskatchewan, Ontario and British Columbia. For more information on the properties and International KRL Resources Corp. please visit www.krl.net and SEDAR and EDGAR websites.

ON BEHALF OF THE BOARD

Seamus Young, President, CEO

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

Contact Information

  • International KRL Resources Corp.
    Mr. Seamus Young
    President, CEO
    (604) 689-0299 or Toll Free in U.S.A.: 1-800-665-3772
    (604) 689-0288 (FAX)
    info@krl.net
    www.krl.net