Worldwide Promotional Management Inc.

Worldwide Promotional Management Inc.

October 07, 2011 15:28 ET

Worldwide Appoints Dr. George Gale as Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 7, 2011) - Worldwide Promotional Management Inc. (CNSX:WRL) ("Worldwide") is pleased to announce the appointment of Dr. George Gale as a Director.

Dr. Gale has been a mineral deposit geologist for more than 40 years. He has been associated with the discovery of a number of mineral deposits in Manitoba, Newfoundland and Norway. As VP Exploration and director for Harvest Gold and VMS Ventures Inc., Dr. Gale took the lead role in building VMS Ventures' extensive Manitoba property package in the Manitoba Flin Flon - Snow Lake greenstone belt. In addition, he led the exploration activities that resulted in the discovery of the high-grade Manitoba Reed Lake VMS deposit in 2007, which was one of the most significant copper discoveries in Canada this decade and ultimately resulted in the development of a strategic partnership with HudBay Minerals.

Dr. Gale was the head of the Mineral Deposits Section of the Manitoba Geological Survey from 1977 to 1999, is intimately familiar with the Fox Lake project and will advise Worldwide's exploration activities based on his extensive geological expertise in Manitoba.

Carson Seabolt, Chief Executive Officer, states, "The appointment of George Gale is a crucial development for the Company and a major endorsement of the exploration potential at our Fox lake Mine property. His knowledge and experience will be invaluable as we move to execute our first phase program, which is designed to test the geophysical signature identified down-dip and below the known mineralization."

Worldwide Promotional Management Inc. has granted a total of 600,000 common share stock options with an exercise price of $0.15 and a term of 5 years, vesting immediately, expiring October 5, 2016 to a director and various consultants to the Company. 500,000 of these 600,000 stock options have been allocated to Dr. Gale.

About Worldwide

Worldwide is presently focused on the exploration of the Fox Mine property in Manitoba, Canada. A total of approximately 12 million tons grading 1.82% copper and 1.78% zinc were produced from the Fox Mine in the years 1970 to 1985. Worldwide is utilizing modern deep penetrating geophysical techniques to target new discoveries at depth and in proximity to the historic mine site.

On behalf of the board of directors


Carson Seabolt, Chief Executive Officer

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's listing of its common shares on the Canadian National Stock Exchange. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.

The CNSX has neither approved nor disapproved the information contained herein.

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