Pengram Corporation
OTCQB : PNGM

April 25, 2011 17:32 ET

Pengram Appoints Veteran Gold Exploration Geologist Howard Metzler to Board of Directors

BELLINGHAM, WASHINGTON--(Marketwire - April 25, 2011) - Pengram Corporation (OTCQB:PNGM), an emerging gold exploration company, today announced it has appointed Howard Metzler to its Board of Directors.

With over 30 years of hands-on experience, Mr. Metzler RPG, is an accomplished, veteran gold exploration geologist with an extensive exploration track record in all the major Nevada gold trends from the Cortez Trend to the Carlin Trend.

Commenting on his appointment to the Pengram Board, Mr. Metzler said, "After evaluating Pengram's portfolio of properties and those under consideration for acquisition, I am confident we have an opportunity to develop these highly prospective properties and build a company of major value. I am delighted to play a leadership role in Pengram's future."

"When it comes to exploration geology, there is no substitute for experience and no one knows the richest Nevada trends or their mineralization better than Howard," said Richard Donaldson, Chief Executive Officer, Pengram Corporation. "Howard is a seasoned professional with that special knack for mineral discovery and development, and we are excited to have him on board."

Howard Metzler Bio

Howard Metzler brings over 30 years experience in exploration geology, primarily high grade vein and disseminated gold/silver deposits in northern Nevada. Since 1985, he has served as principal and CEO of the Nevada-based geologic consulting firm Kayzak Resources. At Kayzak, his work includes covering properties as a Qualified Person in all of the major Nevada trends including Bald Mountain in the Battle Mountain – Cortez Trend, Eastgate & Silver Peak in the Walker Lane, and Midas in the Carlin Trend.

Since 1987, he has been actively involved in the mining of high grade, low sulfidation veins in the Ten Mile District, Humboldt County, Nevada as well as developing and mining high grade gold and gold "specimens" on proprietary district claims just south of Newmont/Fronteer Gold's Sandman project.

His extensive track of successful exploration and development includes:

  • Supervising Geologist for Romarco Minerals where, from 1995 to 1997, he supervised initial evaluation, mapping, geophysics and additional property acquisition at Midas, Nevada. Franco Nevada later bought Romarco's properties and developed that gold mine now owned and operated by Newmont Mining.
  • Founding member, of Mustang Minerals in 1997, for which he located and assisted in the acquisition of the property package to take Mustang public. Property was a high grade gold and copper target associated with the northwest extension of the Battle Mountain – Cortez Trend.
  • Senior Geologist for PPG Industries, from 1981 to 1982, where he designed and developed up a gold/silver exploration program in Nevada and Oregon.
  • Geologist and Technical Director for Ste-Genevieve Resources, 2005 to 2008, where he supervised development and maintenance of exotic and vms copper deposits in northern Arizona and skarn hosted copper at Yerington, Nevada.

Other key clients have included Simplot, SGV Resources, Anvil Resources, Tarpon Oil, Meyer Resources and many others.

Mr. Metzler is a Registered Professional Geologist (RPG) who earned his BSc in Geology at Boise State University, Boise, Idaho, in 1976.

About Pengram Corporation

Pengram is an emerging gold exploration company searching the globe for outstanding gold properties primarily in favorable mining jurisdictions. Its strategy is to evaluate and acquire properties where previous work has been conducted and yielded positive results for the presence of gold. Its portfolio currently consists of four properties -- three in Nevada and one in British Columbia -- under active evaluation for development, in addition to the Long Canyon Gold Trend Mineral Claims under due diligence and negotiation for acquisition.

Forward Looking Statement

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. The statements by our officers, and other statements regarding: optimism related to the business; expanding acquisition, exploration and development activities; and completing, a binding agreement for mineral project acquisitions; as well as the prospects, forecasts and projections for such mineral projects owned; and other statements in this news release are forward-looking statements. Such statements are based on current expectations, estimates and projections about the Company's business. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. In particular, there is no assurance that Pengram will complete an acquisition of the Long Canyon Gold Trend Mineral Claims or that the claims will contain the same or similar mineralization of Newmont's Long Canyon Deposit. The forward-looking statements contained in this news release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

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