North Atlantic Resources Ltd.
TSX : NAC

North Atlantic Resources Ltd.

September 17, 2007 10:17 ET

North Atlantic Appoints New President and CEO

TORONTO, ONTARIO--(Marketwire - Sept. 17, 2007) - North Atlantic Resources Ltd. (the "Company") (TSX:NAC) reports that Scott Waldie has been appointed as the President and Chief Executive Officer of the Company. Mr. Waldie has been appointed to fill the vacancy created by the resignation of Dr. Jon North as President, CEO and a director of the Company. Dr. North will provide consulting services to the Company during a transition period.

Lyle R. Hepburn, the Chairman of the Company, stated "We are very pleased to have Scott Waldie step in to the President and CEO position, to lead the Company as it focuses on its core gold exploration projects in Mali. Mr. Waldie has been a director of the Company since inception, and has considerable expertise and more than 30 years experience in mineral exploration and mining finance. We would also like to thank Dr. Jon North for his contribution to the Company over the years."

Mr. Waldie said "I am excited to take on this new role with the Company. Under Dr. North's leadership, the Company's has assembled a truly outstanding portfolio of gold exploration projects. Equally important, we have an excellent team of mineral exploration professionals based in Mali, which enables the Company to explore its existing projects and to identify and pursue potential new acquisitions. We also intend to pursue our strategy of capitalizing on the Company's oil and gas and uranium interests in west Africa."

Please explore www.nac-tsx.com to view maps and more project details.

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Contact Information

  • North Atlantic Resources Ltd.
    Scott Waldie
    President and CEO
    (416) 703-6348
    (416) 703-6507 (FAX)
    or
    North Atlantic Resources Ltd.
    Nathalie Roy
    Corporate Affairs
    (416) 703-6348
    (416) 703-6507 (FAX)
    Email: info@nac-tsx.com
    Website: www.nac-tsx.com