June 01, 2005 15:17 ET

Mirabel Resources Inc. Welcomes Mr. John Stella as Investor Relations Manager

POINTE-CLAIRE, QUEBEC--(CCNMatthews - June 1, 2005) - Mirabel Resources Inc. (TSX VENTURE:RMB) is pleased to announce that it has retained the services of Mr. John Stella as an independent consultant for its investor relations department. "We are pleased to welcome Mr. Stella to our team and firmly believe that the combination of his experience, strategies and methodology will strengthen Mirabel's profile and enhance the Company's visibility within the financial community", declared Donald Brisebois, President and CEO of Mirabel Resources Inc.

The agreement signed between the parties' states that Mr. Stella will be paid a monthly retainer of $ 5 000.00 and the agreement will have an initial term of 18 months. Mr. Stella has been involved in investor relations for the past 12 years. During that time he has served small-micro cap companies both as an independent consultant and also as Vice-President of one of the largest investor relations firms in Canada. His former occupations include employment as Director of Commercial Credit with a major Canadian financial institution.

Management would also like to take this opportunity to announce a re-pricing of the shares with regards to the $300 000 in flow-through financing, previously announced on April 20th, 2005. The price of flow-through shares will be reduced from $0.37 to $0.32 per share. Proceeds from this financing will be used to initiate exploration work on the recently acquired Russian Kid Gold Mine property.

Mirabel Resources Inc., is a Canadian junior exploration company actively involved in the acquisition, exploration and development of gold projects. The Company's exclusive thermal fragmentation process combined with its growth strategy place it as the partner of choice for the development of narrow high-grade gold bearing quartz vein properties. A TSX-V listed company Mirabel Resources trades under the symbol RMB.

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

Contact Information

  • Mirabel Resources Inc.
    Donald Brisebois
    President and CEO
    (514) 428-4185
    (514) 630-6989 (FAX)
    (514) 247-2549 (Cell)
    Mirabel Resources Inc.
    John Stella
    Investor Relations
    (514) 428-4185
    (514) 630-6989 (FAX)
    (514) 718-7976 (Cell)