Silvore Fox Minerals Corp.
TSX VENTURE : SFX

Silvore Fox Minerals Corp.

December 15, 2010 09:54 ET

Silvore Fox Minerals Announces Management Changes

HALIFAX, NOVA SCOTIA--(Marketwire - Dec. 15, 2010) - Silvore Fox Minerals Corp. (TSX VENTURE:SFX) (the Corporation) is pleased to announce the appointment of George Supol (C.A.) as Chief Financial Officer of the Corporation. Mr. Supol is also Chief Financial Officer of Viking Gold Exploration Inc., and is a Chartered Accountant with an added speciality in Information Technology. He is also the founder and President of inbusys inc., a Toronto-based consulting firm which services both corporate I.T. and accounting clients. 

The Corporation also announces that it has granted an option to George Supol to purchase 100,000 Common Shares of the Corporation at a price of $0.11 per share, which option is to expire on November 30, 2015.

"I am pleased to announce that George has accepted the invitation to become Silvore Fox's Chief Financial Officer. His experience in our sector will provide valuable guidance as we continue to grow," states Harry Cabrita, President and Chief Executive Officer. 

The Corporation also announces that Mr. Cameron McIntosh, Chief Financial Officer, and Mr. Stephen Webster, Secretary, have resigned from their respective positions. Both Mr. McIntosh and Mr. Webster were founding members of Silvor Foxx Capital Corp., the CPC Corporation that made its qualifying transaction on the Coxheath Deposit. Both Mr. McIntosh and Mr. Webster agreed to stay with the Corporation, post CPC transaction, to facilitate the orderly transition to a suitable replacement. The Corporation wishes to thank Mr. Webster and Mr. McIntosh for their dedicated service to the Corporation. The Corporation also advises that Fred Bonner, Vice-President, Operations, has also resigned from his position, effectively immediately. The Corporation would also like to thank Mr. Bonner for his professional contributions and wish him well in his new endeavours. 

Helen Gao, Vice-President, replaces Mr. Webster as Secretary.

About Silvore Fox Minerals Corp.

Silvore Fox Minerals Corp. is a Bedford, Nova Scotia, Canada based public mineral exploration company with 100% mineral rights to the claims at Coxheath, Cape Breton Island, Nova Scotia (known as the 'Coxheath Deposit'). On November 17th, 2010, Silvore Fox entered into a Strategic Agreement with Beijing Donia Resources at the China International Mining Conference, 2010.  Donia is the parent company of Sino Minerals Corp., which currently owns 40.27% of the Corporation. These strategic partnerships provide the Corporation with a strong platform for growth through mineral exploration expertise, funding and strategic acquisitions. SFX has an experienced management and geological team.

The Coxheath deposit model is believed to be analogous to Pacific Rim volcanogenic porphyry copper deposits. Alteration patterns in association with the regional geological setting further suggest a possible model linking the diorite-hosted porphyry-style mineralization at Coxheath and an epitheral system approximately 4km to the east.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the Policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information