SOURCE: Sungro Minerals, Inc.

March 18, 2010 16:30 ET

Sungro Minerals, Inc. Announces the Appointment to the Board of Directors of Mr. Thomas J. Craft, Jr.

WARWICK, RI--(Marketwire - March 18, 2010) -  Sungro Minerals, Inc. (OTCBB: SUGO) today is pleased to announce the continued development of its Board with the addition of Mr. Thomas J. Craft, Jr.

"Mr. Craft's credentials are extensive and vast, and his knowledge of the public marketplace will help Sungro achieve its mining and exploration milestones," said Mr. Frederick Pucillo, CEO of Sungro. "Tom is an experienced attorney and businessman and is currently admitted to practice law in Florida. 

He specializes in SEC, business and transactional law," stated Mr. Pucillo.

"With the Conglomerate Mesa acquisition, it is time to focus both on the drilling, testing, and mining of the property, as well as adding depth to the management team. His insight and knowledge will be instrumental in leveraging the substantial opportunity the Conglomerate Mesa offers."

Mr. Craft stated, "Having had the opportunity to view preliminary documents of the property and meeting with industry professionals, I am very excited to be part of what could be the largest mining and exploration project in North America, especially having been previously explored by BHP Billiton and Newmont Mining. The Carlin Trend is the most prolific structurally and stratigraphically controlled sediment-hosted gold system in North America and hosts as many as thirty gold producing mines and development projects, on which 100 million ounces of gold production and inventory have been identified according to some of the documents I have read." Mr. Crafts resume is quit extensive and will be posted on our website shortly. Following is a brief summary of Mr. Craft's current profile.

Thomas J. Craft, Jr.
Director
American International Industries, Inc.
Kemah, TX
Sector: SERVICES  / Business Services

44 Years Old
Thomas J. Craft, Jr., a Florida attorney, specializes in federal securities law and mergers and acquisitions. He practices securities law in Florida. Mr. Craft has more than 15 years of experience in federal securities matters as well as the public markets generally. Mr. Craft has served on the board of directors of several public companies prior to joining the Company's board of directors on November 22, 2002. Mr. Craft has served as a member of our Audit Committee since 2002 and in April 2007. Mr. Craft was appointed as a member of our Compensation Committee and Nominating Committee. Mr. Craft has served as an officer and a director of Peregrine Industries, Inc., a public reporting company, since March 2004.

Separately, the company has filed its 10-K and can be found at: www.sec.org and on our website: www.sungrominerals.com

About Sungro Minerals, Inc.
Sungro Minerals, Inc. is an early stage Mining and Exploration Company seeking to acquire, develop, and manage various mineral properties and resources.

Forward-Looking Statements
This news release contains "forward-looking statements." Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. In general, estimates of 3P (proven, possible & probable) reserves are based upon a number of factors and assumptions made as of the date on which the estimates were determined, such as geological, technological and engineering estimates and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking estimates. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, except as required by law. Readers should also refer to the Company's current annual report and other periodic filings, which are available at www.sec.gov for additional discussion of risks and uncertainties. The reader is cautioned not to place undue reliance on forward-looking statements.

Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. The Company uses certain terms in this release such as "mineralized gold zones" that the SEC's guidelines strictly prohibit the Company from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in the Company's periodic and other filings filed with the SEC on EDGAR at www.sec.gov.

Contact Information

  • Contact:

    Sungro Minerals, Inc.
    Erwin Vahlsing, Jr.
    Tel: (401) 648-0805
    Fax: (401) 648-0699
    www.sungrominerals.com