Siga Resources Inc.
OTC Bulletin Board : SGAE

September 23, 2010 18:09 ET

Siga Resources Appoints a New Director, President & CEO

SOUTH LAKE TAHOE, CALIFORNIA--(Marketwire - Sept. 23, 2010) - Siga Resources Inc. (OTCBB:SGAE) is pleased to announce the appointment of Edwin Morrow to the company's Board of Directors to replace the vacancy created by the resignation of Mr. Arun Kumar as Director and President. Mr. Morrow accepts the position of President and Chief Executive Officer (CEO).

Mr. Morrow is an accomplished mining professional with over 35 years of experience in the exploration and development of mineral deposits. Mr. Morrow has held line, executive and consulting positions in the mining and minerals industry.

Mr. Morrow managed Laminco Resources Inc, (a TSE listed public company) beginning in October of 1995 as President and Chief Operating Officer. He was named Chief Executive Officer in September of 1996. Laminco developed precious metals and copper resources in Canada, and North and South America. Laminco Resources was merged with a Norwegian public company in 2001, and he served as Chief operating officer and served on the Board of Directors of the merged company until December 2005.

From 1993 to late 1995 Mr. Morrow was Director of Geology Services at Homestake Mining Company's flagship operation in Lead, South Dakota. In this position he was responsible for the mine's geology, exploration and grade control programs. The Homestake mine, in operation for over 120 years, produced in excess of 500,000 ounces of gold annually from both underground and open pit sources.

In 1981, Mr. Morrow was retained to lead a new US based hard minerals division for Asamera Oil Inc, a Canadian Oil producer. Within 36 months and starting with one assistant, the US minerals division grew into a producer with over 250 employees. Until Mr. Morrow left Asamera Minerals U.S., Inc. in 1993, he held multiple positions including General Manager Minerals, and General Manager of Exploration and Acquisition. Asamera held interests in precious metals, strategic and industrial minerals projects. Asamera was working globally and had active projects in Canada, the USA, Mexico, Guatemala, West Germany, South East Asia and Australia. Under Mr. Morrow's direction, Asamera discovered and placed into production the Cannon Gold Mine in Wenatchee Washington, U.S.A. Asamera also acquired and operated the Gooseberry Mine, an underground gold/silver property near Reno, Nevada.

Mr. Morrow's knowledge and experience will help accelerate the development of Siga's mineral assets. He reinforces the company's commitment to research, acquire and develop precious metal properties in Fiji and throughout North and South America.

About Siga Resources Inc.

Siga Resources Inc. is a mineral resource exploration and development company holding a 100% interest in the Valolo Gold Claim located in the Republic of Fiji. Siga is targeting properties that have the potential for early positive cash flow. Siga is presently reviewing a number of precious metal properties that are near-to, or in production, located in North and South America. Siga, founded in 2007, is based in South Lake Tahoe, California.

Forward-Looking Statements

You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will", "anticipates", "believes", "plans", "goal", "expects", "future", "intends", and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release.

Contact Information

  • Siga Resources Inc.
    Edwin Morrow
    Director
    1-530 577-4141