Navasota Resources Ltd.
TSX VENTURE : NAV

Navasota Resources Ltd.

July 10, 2008 12:37 ET

Navasota Appoints New Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 10, 2008) - Navasota Resources Ltd. ("Navasota") (TSX VENTURE:NAV) is pleased to announce that Andriyko Herchak, C.A. has agreed to join its Board of Directors.

Andriyko Herchak is the Chief Financial Officer of Hathor Exploration Limited, an exploration company with a major uranium discovery in the Athabasca Basin. Prior to joining Hathor, Mr. Herchak held several senior financial positions with publicly traded entities, including six years at Intrawest Corporation and with FACS Records Income Trust. Mr. Herchak is a Chartered Accountant who also worked with the international accounting firm of Deloitte & Touche and holds a Bachelor of Commerce degree from the University of British Columbia. Mr. Herchak brings solid experience in finance and business matters, public reporting and corporate governance.

Navasota has granted stock options to Mr. Herchak entitling him to purchase 200,000 shares over a five year term expiring July 10, 2013 at an exercise price of $0.68 per share. Pursuant to the company's stock option plan, it will be a term of the stock option agreement that a mandatory hold period will be imposed upon the sale or disposition of any shares acquired for four months from the date of the grant of the stock options.

For more information on Navasota and the Koba Bauxite Project, please visit: www.navasota.com.

On behalf of the Board of Directors

Navasota Resources Ltd.

James T. Gillis, Chairman of the Board, Corporate Secretary & CFO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this release nor any other regulatory body has approved or disapproved of the information contained herein.

Contact Information

  • Navasota Resources Ltd.
    James T. Gillis
    Chairman of the Board, Corporate Secretary & CFO
    (250) 374-7377
    (250) 374-9296 (FAX)
    Website: www.navasota.com