Colorado Resources Appoints Greg Dawson as VP-Exploration
September 14 2011 - 5:38PM
Marketwired
COLORADO RESOURCES LTD. (TSX VENTURE: CXO) ("Colorado" or the
"Company") is pleased to announce the appointment of Mr. Greg
Dawson as the Company's Vice President of Exploration.
Mr. Greg Dawson, P.Geo., Msc, has over 25 years of experience in
the exploration business and most recently was the President of
Redtail Metals Corp. Previous to Redtail Metals, he spent several
years with Teck Exploration Ltd. working internationally in Central
Asia and South America.
Mr. Dawson is a member of the Association of Professional
Engineers and Geoscientists of British Columbia and is a director
of the Association for Mineral Exploration British Colombia
(AMEBC).
Mr. Adam Travis President and CEO of Colorado Resources states:
"I have known Greg for a number of years and he brings to the
Colorado Team a depth of experience in designing and conducting
successful exploration programs in a variety of geographic and
geologic environments."
Colorado further advises that 150,000 stock options at a price
of $0.70 per common share (the "Options") in accordance with the
policies of the TSX Venture Exchange have been granted to Mr.
Dawson.
The Options have been granted in accordance with the terms of
the Company's 10% rolling stock option plan approved on March 18,
2011.
About Colorado
Colorado is currently engaged in the business of mineral
exploration for the purpose of acquiring and advancing mineral
properties located in British Columbia and the Yukon and is also
aggressively seeking properties in Latin America. Colorado's
primary focus is on the Oro Property located in the MacMillan Pass
area of the Yukon, in which it has the option to acquire a 100%
interest.
ON BEHALF OF THE BOARD OF DIRECTORS OF COLORADO RESOURCES
LTD.
Adam Travis, President and Chief Executive Officer
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information within
the meaning of Canadian securities laws. Such information includes,
without limitation, information regarding proposed exploration
activities. Although the Company believes that such information is
reasonable, it can give no assurance that such expectations will
prove to be correct. Forward-looking information is typically
identified by words such as: believe, expect, anticipate, intend,
estimate, postulate and similar expressions, or are those, which,
by their nature, refer to future events. The Company cautions
investors that any forward-looking information provided by the
Company is not a guarantee of future results or performance, and
that actual results may differ materially from those in
forward-looking information as a result of various factors,
including, but not limited to, the state of the financial markets
for the Company's equity securities, the state of the market for
gold or other minerals that may be produced generally, recent
market volatility; variations in the nature, quality and quantity
of any mineral deposits that may be located, the Company's ability
to obtain any necessary permits, consents or authorizations
required for its activities, to raise the necessary capital or to
be fully able to implement its business strategies and other risks
associated with the exploration and development of mineral
properties. The reader is referred to the Company's prospectus
dated September 16, 2010 for a more complete discussion of such
risk factors and their potential effects, a copy of which may be
accessed through the Company's page on SEDAR at www.sedar.com.
Neither the 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.
Contacts: Colorado Resources Ltd. Adam Travis President and
Chief Executive Officer (250) 768-1511 or Toll Free: 1-888-860-2666
Colorado Resources Ltd. Terese Gieselman Chief Financial Officer
and Secretary (250) 768-1511 or Toll Free: 1-888-860-2666 (250)
768-0020 (FAX) www.coloradoresources.com
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