TORONTO, ONTARIO--(Marketwire - Nov. 24, 2011) - Tawsho Mining Inc (TSX VENTURE:TAW) ("the Company"), is pleased to announce the appointment of Eduardo (Ed) Baer as President and CEO of Tawsho Mining Inc. Mr. Baer brings over 25 years of professional experience encompassing business development, strategic planning, and management expertise in the mining sector.
Most recently, Mr. Baer was instrumental in advancing the development of TSXV listed La Quinta Resources Corporation and International PBX Ventures. Mr. Baer, in his capacity as interim President and CEO, completed the turn-around of European Goldfields Ltd. Prior to European Goldfields, Mr. Baer served in a senior corporate development capacity to TSX listed Greystar Resources Ltd., and held senior executive positions with TSX and NYSE listed TVX Gold Inc. Mr. Baer is a Director of La Quinta Resources and previously held executive directorships at both European Goldfields and TVX Gold. Mr. Baer holds a Master of Science (Leadership) with Highest Distinction from Northeastern University and is currently completing an LLM degree from Osgoode Hall Law School/York University. Mr. Baer obtained the Institute of Corporate Directors' ICD.D designation in 2009.
Zoran Arandjelovic, Chairman of the Company, stated: "We are particularly enthusiastic about appointing Ed to lead the next stages of development for Tawsho. His capital markets expertise will be instrumental as the Company continues to enhance shareholder value."
"I am very pleased to join Tawsho Mining," said Mr. Baer. "The Company's Board has set out an aggressive strategy for growth that will enable management to enhance significant value for shareholders and allow us to build on our existing portfolio of assets."
Pursuant to the Company's Stock Option Plan, the Company announces the granting of 450,000 incentive stock options exercisable in two tranches to Mr. Baer. The options vest at CAN$ 0.30 and $0.60 respectively. The granting of the options is subject to regulatory acceptance.
Furthermore, the Company is pleased to announce the appointment of Omar M. Tazi as its CFO. Mr. Tazi has over 7 years of combined experience in public accounting and in industry. Mr. Tazi earned his Bachelor degree from Loyola University Chicago and is a member of the Certified General Accountant of Ontario. Mr. Tazi has been the Controller of Tawsho since 2010.
About Tawsho Mining Inc.: Tawsho is a mining exploration company focused on the acquisition, exploration and development of gold resources and advanced stage gold exploration projects. The Corporation is presently developing its Chevrier project (comprised of 557 claims, covering an area of 9542 hectares, or 95.4 sq. km) in the Chibougamau region of Quebec and its Whisker Valley project( comprised of 913 claims, covering an area of 21,875 hectares, or 218.8 sq. km) in Baie Verte, Newfoundland. Tawsho currently has approximately 22 Million shares outstanding.
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