VANCOUVER, Sept. 29, 2011 /PRNewswire/ - Guyana Frontier
Mining Corp. ("Guyana Frontier",
or the "Company") reports that Mr. Warren
Stanyer has been appointed the new President and Chief
Executive Officer for the Company, effective September 30, 2011. He has served as Chief
Operations Officer for Guyana Frontier since December 2010, and is the Chairman of the Board
of Directors.
Mr. Stanyer, a mineral exploration industry
professional, began his career in 1995 and gained experience in the
operations of mineral exploration companies and in the application
of modern exploration methods. He served as Vice-President,
Corporate Development and Corporate Secretary for Pioneer Metals
Corporation until it was acquired by Barrick Gold Corporation in
2006, and in the same positions for UEX Corporation until
June 2007. Mr. Stanyer was employed
as President and CEO of Northern Continental Resources Inc. from
June 2008 until it was acquired by
Hathor Exploration Ltd, in November
2009. Currently, he acts as a director for Nevada Sunrise
Gold Corp., ESO Uranium Corp., Datum Ventures Inc., and New Moon
Minerals Corp., an emerging public company.
Guyana Frontier thanks Mr. David Bending for his contributions to the
Company since October 2005 as
President and CEO, and wishes him well in his future business
endeavours.
In addition, the Company is pleased to announce,
subject to regulatory approval, the issuance of an aggregate of
675,000 incentive stock options to an officer, consultant, and
employees of the Company. Each option is exercisable to
acquire one common share of the Company at an exercise price of
$0.35 per share for a period of 3
years, expiring September 27,
2014.
About Guyana Frontier
Guyana Frontier is a public mineral exploration
company listed on the TSX Venture Exchange (TSX-V: GYG), and is
focused on the exploration, discovery and development of precious
metals deposits located within Guyana, South
America. Guyana Frontier began acquiring interests in
Guyanese exploration properties in 2007, and now holds various
rights to obtain working interests in approximately 342,000 acres
(138,400 hectares) of prospective lands. Guyana Frontier's main
exploration asset is the Marudi Mountain Gold Project, which was
the subject of extensive historical exploration, but has not been
the focus of a diamond drilling program since 2004. Guyana
Frontier's goal is to develop a significant gold resource at the
Marudi Mountain Gold Project, and to explore its other Guyanese
projects using funding from exploration partners.
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.
Forward Looking Statements
This news release contains forward-looking
statements that are based on Guyana Frontier's current expectations
and estimates. Forward-looking statements are frequently
characterized by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate", "suggest",
"indicate" and other similar words or statements that certain
events or conditions "may" or "will" occur, and include, without
limitation, statements regarding Guyana Frontier's plans with
respect to the exploration and development of its projects. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual events or
results to differ materially from estimated or anticipated events
or results implied or expressed in such forward-looking statements.
Any forward-looking statement speaks only as of the date on which
it is made and, except as may be required by applicable securities
laws, Guyana Frontier disclaims any intent or obligation to update
any forward-looking statement, whether as a result of new
information, future events or results or otherwise. Forward-looking
statements are not guarantees of future performance and accordingly
undue reliance should not be put on such statements due to the
inherent uncertainty therein.
SOURCE Guyana Frontier Mining Corp.