VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2012) - International Enexco Ltd. (TSX VENTURE:IEC)(OTCQX:IEXCF)(FRANKFURT:IE6) (the "Company" or "Enexco") is pleased to announce that Todd Hilditch has joined the Company as a member of its Board of Directors.
Mr. Hilditch has over 18 years experience in the natural resource sector and holds or has held the position of President, CEO and Director of numerous TSX Venture listed companies including Salares Lithium Inc. which merged with Talison Lithium Inc (TSX:TLH) to become the world's largest producing lithium company in a $340 million merger. Mr. Hilditch has been President and CEO of Terraco Gold Corp. since inception in 1995. Mr. Hilditch graduated from Rensselaer Polytechnic Institute in Troy, New York with a Bachelor of Science degree in Management, majoring in Finance.
Arnold Armstrong, President & CEO stated, "We are very pleased to have Todd join us at this juncture when we are focused on advancing our Contact Copper project towards development. Todd's extensive experience in financing will greatly assist us in furthering the Project to its full potential."
In addition, the Company advises that it has granted incentive stock options to Todd Hilditch entitling him to purchase up to 100,000 common shares of the capital stock in the Company at a price of $0.60 per share until June 19, 2017. The above is subject to regulatory approval.
About International Enexco Ltd.
International Enexco Ltd is a North American exploration and development company focused on the feasibility stage Contact Copper Project in northern Nevada. The Company also pursues gold and silver exploration in Idaho and Nevada, and is advancing the Mann Lake Uranium Project located in Saskatchewan's prolific Athabasca basin. This project is a joint venture with Cameco as operator and Areva-two of the world's largest uranium companies.
On behalf of the Board of Directors, I look forward to keeping you updated with our corporate developments.
G. Arnold Armstrong, President & CEO
Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable. We seek safe harbor.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.