SOURCE: Steele Recording Corporation

July 09, 2010 09:30 ET

Steele Recording Corporation Announces New CEO: Mining Veteran Scott Dockter

CARSON CITY, NV--(Marketwire - July 9, 2010) -  Steele Recording Corporation (the "Company") (OTCBB: SELR) announced today that it has named A. Scott Dockter as its President, Chief Executive Officer and Chairman of the Board of Directors, effective July 9,2010.

Peter Kristensen, the Company's former President and CEO who resigned as President and CEO on July 9, 2010, commented saying, "This was the strategic next step in the continued development of our new business model. Our search for direction and leadership has been focused and thorough. Mr. Dockter is an experienced and savvy industry veteran who, as a consultant, has been instrumental in putting our most recent acquisitions and business strategy together. I am happy to turn the reins over to such a competent professional with the experience to take the company to the next level."

Mr. Dockter, 54, has spent the last 30 years developing large scale mining and excavation projects. During his career he has overseen every facet of mining from grass roots exploration to full scale production throughout the western United States. He also has extensive experience in the public markets where he has interfaced with domestic and foreign institutional investors and raised more than $100 million in equity financing for a variety of companies in numerous industries.

Regarding his new responsibilities, Mr. Dockter stated, "This is an exciting opportunity with tremendous potential. I look forward to continuing to develop and refine both the exploration and market strategy of Steele Recording Corporation and its subsidiary, Steele Resources, Inc. The Company's team has a proven history of accomplishing the tasks and goals set before them. I am honored to be working with them and to continue the pattern of success."

Recently the Company has announced that it has entered into an LOI to acquire 8 new properties, as well as the continued development of its primary asset, the Comstock Tyler exploration project located near Virginia City, NV.

More information about Steele Resources, Inc. can be found at www.steeleresources.com.

Safe Harbor Statement

The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. Although Steele Recording Corp. believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Steele Recording Corp. cautions investors that any forward-looking statements made by Steele Recording Corp. are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those reflected in forward-looking statements include, but are not limited to, risks and uncertainties regarding the actual mineralization of Steele Recording Corp.'s mining properties, the unproven nature of and potential changes to Steele Recording Corp.'s business model, the risk that the capital and other resources that Steele Recording Corp. will need to exploit its business model will not be available, and the risks discussed in Steele Recording Corp.'s most recent Form 8-K dated June 17, 2010 and in Steele Recording Corp.'s future filings with the Securities and Exchange Commission.

Contact Information