SOURCE: Gondwana Energy Ltd.

December 01, 2006 17:48 ET

Robert Van Tassell Appointed to the Company's Board of Directors

TAMPERE, FINLAND -- (MARKET WIRE) -- December 1, 2006 -- Gondwana Energy Ltd. (OTCBB: GNWA) is pleased to announce the appointment of Mr. Robert Van Tassell of High River, Alberta as a new director to the Company's Board of Directors.

Mr. Van Tassell has not had any material direct or indirect interest in any of our transactions or proposed transactions over the last two years. A description of his business experience is set forth below.

Robert Van Tassell is a fortunate addition to Gondwana's board of directors, due to his world-class experience and wide-ranging success. Involved in the Canadian mining industry for 42 years before retiring from full-time ventures in 1998, he spent the last 16 years as Vice President of Exploration for precious metals with Goldcorp Inc., formerly known as Dickenson Mines.

Exploration teams led by him are credited with such significant discoveries as the Husky Mine, which produced over 17 million ounces of silver, the Minto copper deposit, currently under development for production by Sherwood Copper and more recently Goldcorp's famed High Grade Zone which is currently producing in excess of 500,000 ounces of gold per year at a grade of over 2.0 ounces per ton gold. Mr. Van Tassell's extensive experience with gold, silver and copper mining makes him uniquely qualified to serve on the Gondwana board.

"Robert's success in helping to discover some of the more famous mines discovered in the Canadian Shield should provide a tremendous benefit to our company as we move forward in Finland. Robert's experience is balanced between precious and base metals as is our current portfolio in Finland which consists of gold, copper and nickel assets," stated Dan Hunter, CEO of Gondwana Energy Ltd.

From 1984 through 1993, Mr. Van Tassell served as a board member of the Prospectors and Developers Association of Canada (PDAC) -- as Chairman of the Program and Environmental Committees. At the PDAC's annual conference in 2000, his many contributions to the geological community were honored when he was presented the coveted Special Achievement Award.

Mr. Van Tassell has also served as a director of the Yukon Chamber of mines for eleven years, two of them as President. He served four terms on the board of the Northern Resource Conferences, two of them as Chairman and has taught introductory and advanced prospecting courses for the Chamber of Mines. He is a life member of the CIM and the Geological Association of Canada.

Reached for comment, Mr. Van Tassell stated, "I have been aware of the potential for new mine discoveries in Finland for a long time now. It is no secret that Finland's untapped geology is strikingly similar to that found in Canada's Canadian shield. It is with great optimism that I add my experience to the board of Gondwana and embark with the team to fully exploit our initial assets and to assist with the evaluation of additional acquisitions."

Mr. Van Tassell continued, "I believe the Company's approach to building a company focused on the development of both gold and base metals, especially nickel, should prove a winning formula. It is rare today to find a country such as Finland which offers first world geopolitical stability while simultaneously offering third world mining possibilities and I am proud to be part of the team."

Gondwana Energy Ltd. has previously announced its intention to change its name to better reflect its new direction. The proposed new name will be FinMetal Mining Ltd. and shareholder approval for the name change will be sought as soon as practical.

On Behalf of the Board:

Daniel Hunter

Gondwana Energy Ltd.
Suite 700, One Executive Place
1816 Crowchild Trail N.W.
Calgary, AB, Canada T2M 3Y7

B: 403-313-8985
F: 403-220-1389
Disclaimer

This release contains forward-looking statements that are based on the beliefs of Gondwana Energy Ltd.'s management and reflect Gondwana Energy Ltd.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. When used in this release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward-looking statements. Such statements reflect the current views of Gondwana Energy Ltd. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements.

Contact Information

  • Contact:
    Daniel Hunter
    Gondwana Energy Ltd.
    Suite 700, One Executive Place
    1816 Crowchild Trail N.W.
    Calgary, AB, Canada T2M 3Y7
    B: 403-313-8985
    F: 403-220-1389