Renforth Resources Inc.
CNSX : RFR

Renforth Resources Inc.

April 10, 2012 08:30 ET

Renforth Appoints New President & Chief Executive Officer As Well As Directors

TORONTO, ONTARIO--(Marketwire - April 10, 2012) - Renforth Resources Inc. ("Renforth" or the "Company") (CNSX:RFR) is pleased to announce that the Board of Directors has appointed Nicole Brewster as President and Chief Executive Officer of the Company.

Ms. Brewster has also been appointed as a director of the Company and as well, the Board of Directors has appointed Mr. Wally Rudensky, Chartered Accountant, as a Director and Chair of the Audit Committee.

Ms. Brewster comes to Renforth with a successful private company background in the mineral exploration industry, both as a property owner, an exploration contractor and a management consultant. In addition to certain technical abilities within this field, Ms. Brewster is a hands on business person comfortable operating and managing private companies within regulatory framework and requirements within the exploration industry, both private and public, including environmental and labour legislation, QA/QC and best practices for exploration, in conjunction with and to the benefit of affected local communities, in both Canada and other jurisdictions around the world. Ms. Brewster is the managing partner, in charge of the business affairs, of two exploration contracting companies, and maintains a role in other private companies. This is the first public appointment for Ms. Brewster, though she has been a founder of, and initially involved in the operations of, private companies which have gone on to be public through take-over or merger transactions. In addition to an experienced and successful exploration operator Ms. Brewster is also a significant shareholder in Renforth, and very motivated to add shareholder value to the Company.

Mr. Rudensky's professional background has been in taxation and finance. Wally started his career with Arthur Andersen (now Deloitte Alumni) and has been a partner at Evans Martin / MNP LLP, Chartered Accountants since 1982. Wally originally organized the firm's tax practice with particular attention to corporate reorganizations, domestic and international tax. These roots provided him invaluable tools to develop in the corporate governance and administration areas of companies in addition to providing advisory services in corporate finance, raising short and long term capital. Wally acts as CFO and director for a number of private and publicly traded companies in the energy sector, utilizing his skills in finance, tax and administration. Wally graduated from Ryerson University, has lectured on taxation at the Canadian Institute of Chartered Accountants as well as various universities, and has made presentations at numerous business seminars and conferences.

The Company has accepted David Danziger's resignation as President and Chief Executive Officer. David will continue to serve as the Company's Chairman. The Company has also accepted Paul Pathak's resignation as a Director of the Company. The Board of Directors wishes to thank Mr. Danziger for his efforts and leadership and Mr. Pathak for his dedication to the Company over the past several years.

The Company also announces that subject to regulatory approval, the Board of Directors has granted stock options pursuant to Renforth's incentive stock option plan to an officer to acquire

250,000 common shares of the Company. These stock options are exercisable at a price of $0.05 per Common Share and will expire five years from the date of the grant.

ABOUT RENFORTH

Renforth Resources Inc. is a Toronto-based exploration company pursuing the development of the Company's optioned New Alger project, located in the prolific Cadillac break between Rouyn and Val-d'Or, Quebec. In addition to this the Company is evaluating additional exploration opportunities on an ongoing basis.

No securities regulatory authority has approved or disapproved of the contents of this news release.

Contact Information

  • Renforth Resources Inc.
    Nicole Brewster
    President and Chief Executive Officer
    (416) 368-5049
    (416) 368-3151 (FAX)
    info@renforthresources.com

    Investor Cubed Inc.
    Neil Simon
    Principal
    (647) 258-3311 or (888) 258-3323
    (416) 363-7977 (FAX)
    nsimon@investor3.ca