Southwestern Resources Corp.

Southwestern Resources Corp.

April 04, 2007 17:00 ET

Southwestern Resources Appoints Giovanni Susin Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 4, 2007) - Southwestern Resources Corp. (TSX:SWG) ("Southwestern" or "the Company") has appointed Giovanni Susin to the position of Vice President, Finance and Chief Financial Officer, effective May 1, 2007. Mr. Susin replaces Parkash Athwal, who is retiring after 13 years with the Company.

Mr. Susin has been Southwestern's Controller since 2000 and has seen the Company through a significant period of growth. He holds a B.B.A. from Simon Fraser University and is a Chartered Accountant. Mr. Susin articled with Deloitte & Touche LLP and worked in the telecom industry for five years before joining Southwestern.

Southwestern's President and CEO John Paterson said: "The Company and Board thank Ms. Athwal for her many contributions to Southwestern's success over the years. We are sad to see Ms. Athwal leave, but are pleased she will be consulting to the Company on a part-time basis. We are delighted to have such a qualified candidate as Giovanni to advance into this very important position, and look forward to working with him going forward."

Ms. Athwal said: "I have enjoyed 13 years with Southwestern and seeing the company progress from a newly listed company to a very successful enterprise. Today Southwestern is at an exciting stage in its growth and has a strong financial foundation. It was a very tough decision for me with the demands of raising young children on the one hand and a commitment to Southwestern on the other. I feel it's important for me at this stage to take a break from my career and spend a little more time with my family than I have been able to in the past."

About Southwestern

Southwestern is a Vancouver-based mineral exploration company engaged in the identification, acquisition, evaluation and exploration of gold, silver and base metals mineral properties in China and Peru. At the end of 2006, the Company had $46 million in cash and short-term investments, $41 million market value of other investments, and no debt. Southwestern is a reporting issuer in British Columbia, Alberta, Manitoba, and Ontario and trades on the Toronto Stock Exchange under the symbol SWG.

Forward-looking Statements

Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors disclosed in the Company's Annual Information Form for the fiscal year ended December 31, 2006 under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

Contact Information

  • Southwestern Resources Corp.
    Meghan Brown
    Manager Investor Relations
    (604) 669-2525
    (604) 688-5175 (FAX)