Minsud Resources Corp.

Minsud Resources Corp.

October 27, 2011 14:52 ET

Minsud Appoints New Director and Grants Stock Options

TORONTO, ONTARIO--(Marketwire - Oct. 27, 2011) - Minsud Resources Corp. (TSX VENTURE:MSR) ("Minsud" or the "Company") is pleased to announce that, subject to the approval of the TSX Venture Exchange, Howard Coates has been appointed as an independent member of the board of directors of the Company. Mr. Coates is an economic geologist with 41 years of diversified experience and possesses a wide range of technical and managerial skills related to mining exploration and development. The board of directors of Minsud is now comprised of Carlos A. Massa, Alberto F. Orcoyen, Diego E. Perazzo, Scott F. White and Howard Coates.

The Company also announces that it has granted an aggregate of 225,000 incentive stock options to Mr. Coates under the Company's stock option plan. The options are exercisable at $0.40 per share, all of which options shall vest one‐quarter (1/4) on October 26, 2011, one‐quarter (1/4) on April 26, 2012, one‐quarter (1/4) on October 26, 2012 and one‐quarter (1/4) on April 26, 2013, and shall be exercisable for a term of five years.

Diego E. Perazzo, Chairman of the Company, said, "Speaking on behalf of all of us at Minsud, we welcome Mr. Coates to the Board and look forward to work with such an experienced professional in developing our company."

About Minsud Resources Corp.:

Minsud is a mineral exploration company focused on exploring its flagship Chita Valley project, primarily for gold, silver and copper in San Juan Province, Argentina.

Additionally, the Company holds a portfolio of approximately 75,000 ha of 100% owned exploration properties in Patagonia. Most of the key properties held by the Company are located in mining friendly provinces like San Juan and Santa Cruz, Argentina.

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

  • Minsud Resources Corp.
    Carlos Massa
    President and Chief Executive Officer

    Minsud Resources Corp.
    Mike Johnston