Worldwide Promotional Management Inc.

Worldwide Promotional Management Inc.

July 08, 2011 09:00 ET

Worldwide Appoints Mr. Carson Seabolt as President and CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2011) - Worldwide Promotional Management Inc. (CNSX:WRL) ("Worldwide") is pleased to announce the appointment of Mr. Carson Seabolt as President and CEO.

Mr. Seabolt has extensive capital markets experience and has acted as an advisor for numerous TSX listed resource issuers. He has a global network within the resources industry and has used this to source, finance and market projects spanning a wide range of sectors. Mr. Seabolt is currently an officer of Terra Nova Minerals and was formerly employed by a Toronto based, leading merchant bank focused on the global resource sectors and was instrumental in the initial financing of Forbes Coal, a TSX listed South African coal producer.

Mr. Seabolt is a partner at Skanderbeg Capital, a Vancouver based financial group focused on resource exploration and development in North America, Europe and the Balkan countries.

Mr. Seabolt's appointment comes as Worldwide is awaiting a geophysical report from a deep penetrating geophysical program recently completed on the company's wholly owned Fox Lake VMS Project located in Manitoba, Canada. The results from this survey will be used to guide a planned Fall 2011 drilling program that will target high-grade VMS deposits at depth, additional large high-grade VMS lenses along strike and bulk-tonnage copper and zinc potential near surface.

Concurrent to Mr. Carson Seabolt's appointment as President and CEO, present CEO Joel Dumaresq will move to the position of non-executive Chairman of the board.

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 was 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

Per: " Joel Dumaresq ", Director

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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