TORONTO, ONTARIO--(CCNMatthews - Nov. 29, 2005) - Exall Resources Limited (TSX:EXL) is pleased to announce that Derek C. Rance, P. Eng., MBA, BSc. (Min. Eng.), FCIM, has re-joined Exall's Board of Directors after a short hiatus. Mr. Rance was a director of the Corporation until the May 11, 2005 Annual General and Special Meeting of Shareholders after which he was to have been appointed as a director of the previously contemplated Gold Eagle Mines Ltd. Since the Gold Eagle Mine Project will now remain in Exall Resources Limited, Mr. Rance will re-join the Exall Board.
Mr. Rance is currently the Chairman of Behre Dolbear & Company, Limited, having served as its President and Chief Executive Officer from 1997 to 2003 in Toronto. Behre Dolbear, founded in 1911, has been continually operating for 90 years. The company, with headquarters in Denver, Colorado, is a preeminent technical and managerial consultant to the mining industry on a worldwide basis. It specializes in mineral industry studies for mining companies, financial institutions, and natural resource firms. Typical studies conducted by Behre Dolbear are reserve compilations and audits, mineral property evaluations and valuations, due diligence studies for acquisition purposes, assistance in negotiating mineral agreements, and market analyses. The firm works worldwide with a broad spectrum of commodities including base and precious metals.
Prior to Behre Dolbear, Mr. Rance was the President and Chief Operating Officer of Iron Ore Company of Canada ("IOC") from 1989 to 1997 which, under his tenure, achieved the largest reduction in cost of the 13 North American iron ore producers. IOC also became the first mining company in the world to achieve ISO 9002/87 certification and again repeated this achievement under his leadership when being certified to the new ISO 9002/94 standard. From 1965 to 1975, Mr. Rance was Director and Mine Manager of Dickenson Mines Limited in Red Lake, Ontario, which is now known as Goldcorp Inc.'s flagship Red Lake mine.
"Mr. Rance has continued to be part of Exall's Gold Eagle development team during his absence from the Board and we welcome him back as a Director of the Company" said Stephen G. Roman, Exall's Chairman and CEO.
Exall Resources Limited is a Toronto Stock Exchange listed company that trades under the symbol EXL (S.E.C. registration #82-3535). Exall is active in the business of gold exploration and development in Red Lake, Ontario, as well as oil and gas exploration, development and production from its properties in Alberta, British Columbia, Texas and in the North Sea offshore the United Kingdom.
There are currently 70.8 million common shares issued and outstanding.
FOR FURTHER INFORMATION PLEASE CONTACT:
Exall Resources Limited
Stephen G. Roman
Chairman, President and CEO
(416) 368-5146 (FAX)