Platoro West Holdings Inc.

Platoro West Holdings Inc.

June 12, 2008 15:29 ET

Platoro West Holdings Inc. Lists on CNQ

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2008) - Platoro West Holdings Inc. ("Platoro" or the "Company") is pleased to announce that the Canadian Trading & Quotation System ("CNQ") has accepted the Company's listing application. Trading in the Company's common shares will commence at the opening on Friday, June 13, 2008 under the symbol "PLTO".

Platoro is an early stage precious and base metals exploration and development company engaged in the business of mineral exploration in the western United States with special emphasis on the state of Nevada. It currently has one material property interest - the Wildhorse Property located in Nevada. It also has a right of first refusal to acquire up to 172 other claims in Nevada. It intends to investigate and, if deemed advisable, to acquire, explore and develop other properties with mineral-bearing potential.

There are a total of 13,825,000 shares outstanding; of which 1,950,000 are subject to escrow.

The board of directors consists of:

Edward L. Devenyns, President and Director

Mr. Devenyns' career spans 29 years in business development and mineral land management associated with the precious metal, coal and uranium exploration/mining industry. Mr. Devenyns began his career in 1978 by acquiring uranium assets as a consultant for Kerr McGee Corporation. In 1979 he joined the initial founders of Santa Fe Pacific Minerals Corporation where he was responsible for all land matters involving the exploration and operational efforts of the company pertaining to precious metals, coal, uranium and other minerals. In 1985 Mr. Devenyns was co-founder of a private corporation which developed and acquired geologic prospects that were vended to major mineral exploration and mining companies while also providing professional land management services to clients in the industry. Since 1997 Mr. Devenyns has held the position of VP Land and Corporate Development with publicly traded junior exploration companies including Romarco Minerals Inc. and Metallic Ventures Gold Inc.; both TSX listed companies; and is currently VP of Lands and Corporate Development for Golden Predator Mines Inc.

Mr. Devenyns holds a degree in geology and business administration (double major B.A. 1978) and has been a member of the American Association of Professional Landmen since 1980.

Robert Eadie, Chief Executive Officer and Director

Mr. Eadie is a self-employed business owner and has many years of experience in working with and helping build start-up companies. He began his career as a corporate investor and public relations consultant and went on to establish his own investor relations consulting business. He has since become a manager, officer or director of a number of junior public companies, primarily in the natural resource sector. Mr. Eadie is currently President and a director of Starcore International Mines Ltd., a gold production and exploration company focused on Mexico, President and CEO of Golden Oasis Exploration Corp., a gold exploration company focusing on developing mineral assets in Nevada, President and CEO of American Copper Corporation, an exploration company in search of copper and molybdenum, President and CEO of Highland Resources Inc., Cortez Resources Corp. and Parlane Resource Corp., all capital pool corporations, and President of Lebon Gold Mines Limited, a mineral exploration company. Until January 2007 he was Executive Vice President of Klondex Mines Ltd., a gold and silver exploration and development company now listed on the Toronto Stock Exchange. All of the companies of which Mr. Eadie is currently president and a director of, are headquartered in Vancouver, British Columbia and listed on the TSX-V, with the exception of Starcore International Mines Ltd. which is listed on the Toronto Stock Exchange and Lebon Gold Mines Limited which is listed on the CNQ.

Gary Arca, Chief Financial Officer and Director

Mr. Arca is a Chartered Accountant (CA) and has been a member of the Canadian Institute of Chartered Accountants and British Columbia Institute of Chartered Accountants since 1980. He was a partner with two separate public accounting firms from 1996 to December 2005. Mr. Arca has extensive experience dealing with public companies and start-ups both from the perspective of management and as a consultant, and has served as a director of seven publicly traded resource companies in the past. In addition to the Company, he is currently a director and Chief Financial Officer of Starcore International Mines Ltd. which is listed on the Toronto Stock Exchange; Golden Oasis Exploration Corp., American Copper Corporation, Highland Resources Inc., Cortez Resources Corp. and Parlane Resource Corp., all of which are listed on the TSX Venture Exchange; and Lebon Gold Mines Limited, which is listed on the CNQ.

William M. Sheriff, Director

Mr. Sheriff is currently President and CEO of Golden Predator Mines Inc. (a TSX-listed company trading under the symbol GP), a Director of Uranium One (UUU-TSX), Eurasian Minerals Inc. (EMX-TSXV), Midway Gold Corp. (MDW-TSXV), and was previously the Chairman of the Board, Executive Vice President and co-founder of Energy Metals Corporation. He is considered to be one of the leading prospect developers in the Western United States having generated numerous exploration projects to many major mining companies including Newmont, Anglo, Uranerz, Atlas, Cordex, Homestake, FMC and others. Mr. Sheriff began his career with Cyprus Minerals-AMOCO in 1980 working on molybdenum deposits in Montana. From 1981 to 1984 as Research Geologist for Amselco Exploration, he was responsible for prospect generation for the southwest USA. From 1985 to present, he was founder and president of Platoro West Incorporated, a minerals exploration firm specializing in project identification and acquisition throughout the western USA. Platoro West has exclusive access to proprietary databases from Union Carbide and US Smelting's worldwide exploration programs along with Uranium exploration databases from UV Industries, Ranchers Exploration and Hecla Mining. From 2002 until present, Mr. Sheriff has served as the President of Pacific Intermountain Gold Corporation (PIGCO), a private corporation owned by Seabridge Gold Corporation (SEA-TSX, SA-AMEX). PIGCO holds over 30 advanced gold exploration projects throughout Nevada. Mr. Sheriff received his BSc in Geology from Fort Lewis College in Durango, Colorado and conducted graduate studies at the University of Texas-El Paso in Mining Geology and Mineral Economics.

James G.G. Watt, Director

Mr. Watt is currently Chairman of the Board of Golden Predator Inc. (a TSX-listed company) and a Fellow of the Institute of Canadian Bankers. Mr. Watt has many years of experience dealing with junior public companies both from the perspective of management and as a consultant. In the past five years he has served as a director and/or officer of the following public companies: Energy Metals Corp. (director, 1993 to 2007; president, 1998 to 2004); Tower Energy Ltd. (president and director, 2005 to 2006); Doublestar Resources Ltd. (director, 1996 to 2006); Senator Minerals Inc. (director, 1999 to 2004); Rock Resources Inc. (director, 2002 to 2004); New Sage Energy Corp. (formerly New Sage Resources Ltd. - director, 1998 to 2004); International Parkside Products Inc. (director, 2001 to 2002); First AU Strategies Corp. (director, 1998 to 1999); El Nino Ventures Inc. (president and director, 1998 to 2003); Datinvest International Ltd. (director, 2002 to 2003); Consolidated Beacon Resources Ltd. (president and director, 2002 to 2003); and Canadian Capital Corp. (director, April 2004 to September 2004).

Complete details regarding the Company and its business can be found in Company's prospectus dated April 29, 2008 as filed under the Company's profile on SEDAR (www.sedar.com).

ON BEHALF OF THE BOARD

Robert Eadie, Chief Executive Officer

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

Contact Information

  • Platoro West Holdings Inc.
    Robert Eadie
    (604) 602-4935 or Toll Free: 1-866-602-4935