Teslin River Resources Corp.
TSX VENTURE : TLR

Teslin River Resources Corp.

January 11, 2011 09:00 ET

Teslin Announces Additions to Management Team and Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 11, 2011) - Teslin River Resources Corp. (TSX VENTURE:TLR) ("Teslin" or the "Company") announces that a number of changes have been made to the management team and board of directors of Teslin as a result of the purchase of all of the issued and outstanding shares of Queensgate Resources Corporation ("Queensgate") as announced January 10, 2010.

Mr. John Burgess and Mr. John Kerr will join Teslin as President and VP Exploration respectively. Both Mr. Burgess and Mr. Kerr will also join the Company's Board of Directors. Michael Sweatman will relinquish the position of President but will remain Chief Executive Officer and will also remain on the Board of Directors. Mr. Glen MacDonald will resign from the Board of Directors. Mr. MacDonald will remain with the Company in the capacity of being the founding member of the Company's new Advisory Board.

Mr. John Icke and Mr. Hein Poulus will remain Directors and Mr. Icke will become Executive Chairman of the Board.

John Burgess graduated from Oregon State University with a degree in Civil Engineering and subsequently completed his MBA at McGill University. His experience includes work with Schlumberger Limited working offshore in Indonesia and the Gulf of Mexico. Mr. Burgess also worked with shopping centre developer Ivanhoe Cambridge as assistant director of planning and strategy before working with TiCan Metals Inc. a company working on developing sustainable titanium sponge capacity in Quebec. Mr. Burgess was appointed president and CEO of Queensgate Resources from January 2008 until it's acquisition in January 2011.

John Kerr, P. Eng. Geologist, graduated from the University of British Columbia with a Bachelor of Applied Science (B.A.Sc) degree in Geological Engineering. He has participated in the mining industry continuously since graduation as an exploration geologist. His expertise is epithermal and sedex-hosted precious metal deposits in the southwest United States, strata controlled gold deposits and porphyry copper/gold/molybdenum deposits of the western Cordillera and VMS deposits in all areas of North America. Successful ventures include recognition and discovery of the Santa Fe gold mine, identification of the Calvada gold mine and discovery of the Mindora gold/silver deposit, all located in Nevada. Mr. Kerr has sat on the boards of numerous public companies. He currently runs a geological consulting practice out of Vancouver, B.C., with projects located in all areas of North America.

The Board of Directors would like to thank Mr. MacDonald for his assistance during his tenure on the Board.

About Teslin River Resources Corp.

Teslin River Resources Corp.'s strategy is to build shareholder value by acquiring, exploring and developing a portfolio of copper and copper-gold porphyry properties throughout North and South America. Teslin has optioned the Tagai and Kenny Dam properties in central British Columbia. Prospecting has returned strong copper anomalies some of which are accompanied by high gold values. Teslin also holds the Rand Claims located approximately 7 kilometres southeast of Horsefly in the Cariboo region of central British Columbia adjacent to where Gold Fields Limited is drilling under an option agreement with Fjordland Exploration Inc. and Cariboo Resources Ltd. Based on the reported work and drilling by surrounding operators, the area is considered prospective for a large copper-gold porphyry body. 

About Queensgate Resources Corporation

Queensgate Resources Corporation is a private company, founded in 2008, whose principal interest has been exploring and developing epithermal precious metal resource potential in Nevada. Queensgate is currently developing two properties, both having sufficient work to develop drilling programs for the 2011 drilling season. The acquisitions and work programs have been led by Mr. John Kerr, whose has 40 years of expertise and experience in Nevada precious metal deposits and Mr. Kerr will continue to provide similar opportunities to the management team of Teslin.

ON BEHALF OF THE BOARD

Michael Sweatman, President and CEO

Neither 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

  • Nicola Street Capital
    Mike Rodger
    604.569.0056