Portage Minerals Inc.

Portage Minerals Inc.

February 07, 2011 17:10 ET

Portage Adds New Director to the Board

TORONTO, ONTARIO--(Marketwire - Feb. 7, 2011) - The Board of Directors of Portage Minerals Inc. (the "Company") (CNSX:RKX) is pleased to announce that Greg Gibson, President and Chief Executive Officer of Trelawney Mining and Exploration Inc. (TSX VENTURE:TRR) has joined the Board of Directors effective immediately. Mr. Gibson is a well known and highly respected executive in the mining industry. Mr. Gibson has worked for JS Redpath in Canada and the USA, Dynatec Mining Ltd. in Canada and the USA, Yilgarn Star Gold Mine in Australia and Copper Mines of Tasmania in Australia.

According to Ken Hight, Chairman and Chief Executive Officer of the Company, "We are very excited that Greg has joined the Board of Portage. Trelawney Mining and Exploration has become very successful under Greg's leadership. His years of mine management experiences in Australia, Ontario and British Columbia, will add insight to the Board and benefit our company as we work to explore the potential of moving our four advanced gold and antimony exploration properties into operating mines. On behalf of the Board, I extend an enthusiastic welcome to Greg." 

As a result of this appointment, Portage has granted Mr. Gibson 595,000 stock options priced as 350,000 @$0.15 and 245,000 @$0.26; which vest on a schedule of 1/3 upon grant, 1/3 in six months and the balance after twelve months.

Change to Fiscal Year End

Further, the Company announced that it has changed its year end from December 31 to January 31 effective immediately. Therefore, the 2010 annual filings will be audited and reported as at January 31st 2011. This change was made as a result of the amalgamation with Rockport Mining Corp., which had a January 31st year end.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this press release are made as of the date hereof and Portage undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. 

CNSX does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Portage Minerals Inc.
    Ken Hight
    President & Chief Executive Officer
    (506) 529-8206
    (506) 529-8595 (FAX)
    CHF Investor Relations
    Robin Cook
    Senior Account Manager
    +1 416.868.1079
    +1 416.868.6198 (FAX)