SOURCE: Thorium Power

April 02, 2008 09:00 ET

Thorium Power Appoints General Charles Guthrie to International Advisory Board

MCLEAN, VA--(Marketwire - April 2, 2008) - Thorium Power Ltd. (OTCBB: THPW), the leading developer of non-proliferative nuclear fuel technology and provider of comprehensive advisory services for emerging nuclear programs, today announced the appointment of General Lord Guthrie to its International Advisory Board.

General Charles Guthrie has served with distinction in the British Army for 44 years, advancing through the ranks to become the Chief of the Army Staff and then the Chief of the Defense Staff. Today, he serves as an independent member of the House of Lords in the United Kingdom parliament and advises numerous corporations around the world

"General Charles Guthrie is a highly distinguished and accomplished international dignitary, whose accomplishments have been recognized and rewarded on numerous occasions. His global work as an adviser to corporations and heads of state are commensurate with initiatives set forth for the International Advisory Board," said Seth Grae, Thorium Power's President and CEO. "The International Advisory Board has been an essential extension of the core management team. As I look at our recent corporate advances, both domestically and internationally, I am grateful to have received the accomplished support of the Board. The addition of General Guthrie is both an honor and a privilege."

General Lord Guthrie stated, "I have been involved in many meaningful global endeavors. Rarely does one come across solutions with as much impact as Thorium Power. This company has prospects of dramatically changing the energy landscape in a positive way. Joining Thorium Power is truly a unique opportunity. I look forward to doing my part in seeing the company's fuel technology become widely accepted and deployed."

General Guthrie has served a long distinguished career dedicated to the British Army, Defense and the United Kingdom government. In the private sector, General Guthrie has compiled a remarkable record serving as a Director of NM Rothschild & Sons Limited, Colt Defense LLC (USA), Sciens International Fund of Hedge Funds and Peter Hambro Mining Plc.

About Thorium Power, Ltd.

Thorium Power (OTCBB: THPW) is a pioneering U.S. nuclear energy company based in McLean, VA. The Company develops non-proliferative nuclear fuel technology and provides comprehensive advisory services for emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. Thorium Power's technologies, which are aimed at both existing and future reactors, include nuclear fuel designs optimized to address key concerns regarding traditional nuclear power, including proliferation of weapons, usable nuclear materials and reduction of nuclear waste. The Company maintains a seasoned team with unparalleled experience from the nuclear energy industry, regulatory and government affairs, non-proliferation and diplomacy. It leverages those broad and integrated capabilities by offering consulting and strategic advisory services to commercial entities and governments with a need to establish or expand nuclear industry capabilities and infrastructure. Thorium Power also maintains long-standing relationships with leading Russian nuclear entities, providing expert resources and facilities for its nuclear fuel development activities. The Company seeks and forms partnerships with participants in the global nuclear industry, allowing it to address a wide range of international opportunities.

DISCLAIMER

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, statements regarding benefits of the new agreement with Kurchatov and other statements identified by forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "expects," "projects" or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein. Reference is made to the risk factors contained in our latest annual report as filed with the Securities and Exchange Commission. These factors may cause actual results to vary from the forward-looking statements contained in this release.

Further information is available on Thorium Power, Ltd.'s website at http://www.thoriumpower.com

Contact Information

  • Contact:
    For more information:
    Peter Charles
    Thorium Power, Ltd.
    Tel: (703) 918-4932
    Email: Email Contact