Pitchstone Exploration Ltd.

Pitchstone Exploration Ltd.

November 08, 2005 19:36 ET

Pitchstone Appoints Robert Armstrong as Chairman

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 8, 2005) -


Pitchstone Exploration Ltd. ("Pitchstone") (TSX VENTURE:PXP) announces that Robert C. (Bob) Armstrong, B.A.Sc., Ph.D., has been appointed Chairman of the Board of Directors effective November 4, 2005. Dr. Armstrong is one of the founders of the company and has served as a director since May 2003. He is currently President of Armstrong Associates International, LLC. Previously, Dr. Armstrong was the Executive Vice President and COO of Echo Bay Mines Ltd. He was also with Cominco Limited as General Manager at the Pine Point zinc-lead mine and General Superintendent at the Polaris zinc-lead mine. Pitchstone has granted 150,000 stock options to Dr. Armstrong. The options have an exercise price of $0.68/share and a term of five years.

The other Pitchstone directors are Ted Trueman, George Woollett, Paul Geyer, and Eric Schwitzer. Ted Trueman, M.Sc., P.Geo., P.Eng., is President and CEO. He is President of Trueman Consulting Ltd. and prior to that was Manager Minerals, CDC Oil & Gas Ltd., Senior Exploration Geologist, Eldorado Nuclear Ltd., and the Mine Geologist at Port Radium, Northwest Territories.

George N. Woollett, B.A., P.Geol., has over 40 years of experience in mineral exploration and mining, primarily in uranium and precious metals. Mr. Woollett is a partner in Trigg, Woollett and Associates Ltd. and was formerly Chief Mine Geologist with Eldorado Nuclear Ltd. at both the Beaverlodge and the Port Radium operations.

Paul Geyer, B.A.Sc., P.Eng, is an electrical engineer and President and CEO of Medical Ventures Corp. He has received the Entrepreneur of the Year Award from the Richmond Chamber of Commerce and has been named a Top 40 Under 40 Award Winner for the top business people in British Columbia.

Eric Schwitzer, B.Sc., S.M., CBV, is Managing Partner of Enterprise Capital Management Inc. He was formerly Senior Vice President, Strategic Development at Westcoast Energy Inc. and Managing Director of ScotiaMcLeod Inc. He is a director of several public companies.

Pitchstone also announces that the company will continue to engage the services of SKAN Consulting Inc. Suraj Ahuja, M.Sc., P.Geo., principal of SKAN Consulting Inc., has extensive experience in uranium exploration, particularly in the Athabasca Basin, Saskatchewan.

Pitchstone is a uranium exploration company with seven exploration projects in the Athabasca Basin, including a major land position in proximity to the two highest grade, large uranium deposits in the world. In the Hornby Bay Basin, Pitchstone has three projects including an interest in a significant, N.I. 43-101 compliant uranium resource (see Oct. 14, 2005 News Release). Drilling is currently underway on the Athabasca lands where the company's experienced uranium exploration team is the operator.

On behalf of the Board,

E.A.G. (Ted) Trueman, CEO and Director

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

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