Marauder Resources East Coast Inc.

Marauder Resources East Coast Inc.

September 16, 2008 17:56 ET

Marauder Resources East Coast Inc. Announces Resignation and Appointment of Directors and Issuance of Options

CALGARY, ALBERTA--(Marketwire - Sept. 16, 2008) - Marauder Resources East Coast Inc. ("Marauder" or the "Corporation") (TSX VENTURE:MES) announces that Mark Haughey has resigned from the board of directors of Marauder effective immediately.

Robert V. Shields, President and C.E.O. of Marauder stated that the decision of Mr. Haughey is a direct result of Mr. Haughey's intention to relocate to Spain, which will result in him not having sufficient time available in the future to devote himself to his role as a director of Marauder. Mr. Shields, on behalf of Marauder, wishes to thank Mr. Haughey for his service to the Corporation.

Marauder is pleased to announce that Paul Gouin has joined the board of directors. Mr. Gouin is an engineer with over 30 years of experience in the oil and gas industry who specializes in the supervision of drilling difficult wells, including highly pressured, deep and critically sour wells. Mr. Gouin has been employed by two major international oil and gas companies and currently is a consultant for a number of major oil and gas companies. Mr. Gouin has managed drilling and completion operations in the U.S. Gulf Coast, the Wyoming "hard rock region" and the Western Canadian Foothills.

Marauder also announces that it granted options on September 16, 2008 to acquire up to an aggregate of 550,000 common shares ("Common Shares") of Marauder to Paul Gouin and Don Kempf, both directors of Marauder. The grant of options is for a five year term, expiring on September 16, 2013. The options vest over three years (1/3 on each of the first, second and third anniversary of the grant date). The options are exercisable at a price of $0.25 per Common Share.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Marauder Resources East Coast Inc.
    Robert V. Shields
    (403) 262-3907
    Marauder Resources East Coast Inc.
    720, 440 - 2nd Avenue, S.W.
    Calgary, Alberta T2P 5E9