VANCOUVER, BRITISH COLUMBIA, Jan. 4, 2010 (Marketwire) -- Paget Minerals Corp. ("Paget") (TSX VENTURE:PGS) today announced the appointment of David Volkert as President and Chief Executive Officer of Paget Minerals Corp. effective January 4, 2010.
Mr. Volkert is a mine finder with a long, successful career in the mining industry and has held various senior positions, including Exploration Manager and Chief Geologist for Barrick Gold Corporation, where he was instrumental in the discovery of the Laguna Norte gold deposit and the acquisition of the Pierina gold deposit in Peru. As Vice President Exploration for Bear Creek Mining Corp. he spearheaded the discovery of the Corani and Santa Ana silver-lead-zinc deposits in Peru. A successful mineral exploration geologist with over 30 years international experience (USA, West Africa, Ecuador, Turkey and Canada) in the technical, managerial and business aspects of mineral exploration programs, he holds a BSc Geological Engineering degree from the Colorado School of Mines.
Commenting on his appointment, Mr. Volkert said: "Paget is uniquely positioned with a diverse portfolio of mineral projects focused on Canada and, taken to its full potential, this Company will be a serious industry competitor realising value for shareholders. It is a privilege to join the Paget team and together pursue that ambitious vision."
Brian R. Booth, who is currently President and Chief Executive Officer of Paget, will step down from that position with effect from January 4, 2010. Mr. Booth will continue in his role as a director and contribute his valuable skills and experience in that capacity to the company.
Alan J. Whitehead, Chairman of Paget's board of directors said: "On behalf of the board of directors, management and staff of Paget I would like to congratulate David on his appointment and wish him every success in taking the company forward. I also extend our sincere appreciation and thanks to Mr. Booth for his valuable contribution in leading the company during the company's early stages of development."
About Paget Minerals Corp.
Paget Minerals Corp. is a British Columbia company focused on mineral exploration and the development of a diverse range of precious metals, base metals and rare earth elements in the Cordillera of British Columbia and the Canadian Shield in Eastern Canada.
On Behalf of the Board of Paget Minerals Corp.,
Alan J. Whitehead, Chairman
Neither 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.
