Parallel Resources Ltd.
TSX VENTURE : PAL

Parallel Resources Ltd.

September 30, 2010 11:20 ET

Parallel Announces Resignation of Board Member

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2010) - David Thornley–Hall, CEO of Parallel Resources Ltd. (TSX VENTURE:PAL), announces that Bradford Cooke has resigned from the Company's Board of Directors effective September 23, 2010.

Mr. Cooke has been involved in transitioning the Company from a CPC to a TSX Venture Exchange listed junior exploration company.

David Thornley-Hall, CEO and Director, added, "We wish to thank Bradford for his support and contributions to the Company and wish him the best in his future endeavours."

Parallel Resources Ltd. is a TSX-V listed mineral exploration company focused on acquiring and exploring district-scale poly-metallic properties with precious metal credits in Mexico. The Company's goal is to create shareholder value by developing mineral projects that have the potential to become large new mineral discoveries and ultimately, profitable mines.

PARALLEL RESOURCES LTD.

David Thornley-Hall, Chief Executive Officer

CAUTIONARY DISCLAIMER – FORWARD LOOKING STATEMENTS
Certain statements contained herein constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, are "forward-looking statements". We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties, as discussed in the Company's filings with Canadian and United States securities agencies. The Company expressly disclaims any obligation to update any forward-looking statements other than as required by applicable law. We seek safe harbour.

"Neither 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

  • Parallel Resources Ltd.
    Gregg Wilson
    Toll Free: 1-877-684-9700 or (604) 685-9790
    (604) 685-9744 (FAX)
    info@parallelresources.com