HALIFAX, NOVA SCOTIA--(Marketwire - May 30, 2008) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex")(TSX VENTURE:MXI) announces:
Chief Financial Officer
Effective June 1, 2008 Gary MacKenzie, CA, will be appointed interim Chief Financial Officer in place of Ms. Teri Anderson. Mr. MacKenzie, a director of Merrex, also serves as director and CFO of Shear Wind Inc. Ms. Anderson, who served as part-time CFO for Merrex, will be continuing her independent private practise. Merrex thanks her for her contributions to our growth.
Director of Finance
Mr. Chris Ryan, B. Comm., CA, has joined Merrex as full-time Director of Finance. Mr. Ryan, a Dalhousie graduate, has over 25 years experience in corporate finance. After completing his chartered accountancy Mr. Ryan joined FTSE 100 oil and gas company LASMO (previously London and Scottish Marine Oil Plc., now Eni Lasmo Plc.), one of Britain's largest independent oil and gas exploration companies. During his tenure at LASMO he served as Finance Manager participating in the marketing and sale of LASMO's Canadian operations to PanCanadian Petroleum. Mr. Ryan gained international experience working with both LASMO and Precision Drilling throughout South America. Mr. Ryan returned to Canada in 2003 as Director of Finance for Air Canada Jazz leading the finance team as Air Canada Jazz worked out of CCAA protection. Most recently Mr. Ryan served as Regional Controller for Major Drilling in Africa.
Management is pleased to have someone with Mr. Ryan's experience and credentials join our staff and look forward to him advancing into more senior roles as the corporation expands. The directors, management and staff welcome Mr. Ryan to the Merrex team.
Merrex Gold is a mineral resource exploration company focused on exploration for gold in West Mali, Africa, zinc in Cape Breton, Nova Scotia, nickel in West Voisey's Bay, Labrador, and gold in Red Lake, Ontario, with a solid organization of people and projects to enable continued aggressive exploration, discovery, and growth.
Or visit our website at www.merrexgold.com.
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
FOR FURTHER INFORMATION PLEASE CONTACT:
Merrex Gold Inc.
President & CEO
(902) 832-2223 (FAX)