Portal Resources Ltd.

Portal Resources Ltd.

August 07, 2008 09:25 ET

Portal Appoints New President/CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 7, 2008) - Portal Resources Ltd. (TSX VENTURE:PDO) is pleased to announce the appointment of David Hottman as President and CEO.

Mr. Hottman is a founder of Portal Resources Ltd. and has served as a director since August 2000. Mr. Hottman has nearly 20 years of experience in management and corporate finance within the mining sector. He was a founder of Nevada Pacific Gold Ltd. serving in various capacities as Chairman, CEO and/or President from 1997 to 2007. Nevada Pacific Gold was a successful gold and silver production/exploration company focused in Nevada, USA and Mexico prior to a hostile takeover by USGold in March 2007. Before starting Nevada Pacific, David was a founding team member of Eldorado Gold Corporation (1992 to 1997) a gold production/exploration company with projects in Mexico, Brazil, Argentina and Turkey. Mr. Hottman has been involved in raising over $300 million for these companies.

The Company wishes to thank Mr. Bruce Winfield, Portal's former President and CEO, for his dedication and work with Portal. Mr. Winfield will remain active on the Board of Directors, contributing to the direction of the company.


David Hottman, Chairman and CEO

This Press Release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein.

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

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