VANCOUVER, BRITISH COLUMBIA, Nov. 24, 2009 (Marketwire) -- Underworld Resources Inc. (TSX VENTURE:UW) is pleased to announce the appointment of Christopher E. Herald as a Director to the Board.
Mr. Herald is a geologist with 33 years of diversified experience in the minerals exploration industry. He is presently the Chief Executive Officer and a Director of Solitario Resources Corporation based in Wheat Ridge, Colorado. Mr. Herald is also a Director for Atna Resources Ltd. Mr. Herald previously served as a director and Chief Executive Officer of Crown Resources Corporation, which was acquired by Kinross Gold Corp. in 2006, and a director of Battle Mountain Gold Exploration Corporation, which was acquired by Royal Gold Corp. in 2007. Mr. Herald currently serves as Chairman of the Denver Gold Group, a not-for-profit industry association recognized for organizing the pre-eminent North American and European gold conferences for institutional investors. Mr. Herald received a M.S. in Geology from the Colorado School of Mines and a B.S. in Geology from the University of Notre Dame.
Mr. Herald brings a spectrum of technical experience in exploration and development with successful junior mining companies that will strengthen the Board of Underworld Resources and assist with the progression of Underworld's new Yukon gold discovery. The Board of Directors of Underworld welcomes Mr. Herald to the Company.
Underworld announces the granting of 150,000 stock options priced at $1.30 to a Director of the Company. The options are exercisable for a period of ten years.
Underworld Resources is a well-structured junior exploration company focused on expanding the White Gold Discovery in the Yukon. The Company anticipates an initial resource estimate for the Project during the first quarter of 2010.
ON BEHALF OF THE BOARD OF DIRECTORS
Adrian Fleming, President
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.