TORONTO, ONTARIO--(CCNMatthews - Aug. 9, 2007) - WSR Gold Inc. ("WSR" or "Company") (TSX VENTURE:WSR) is pleased to announce, effective August 8, 2007, the appointment of Mario A. Miranda to the position of Chief Financial Officer.
Mr. Miranda graduated from Concordia University, Montreal, QC in 1987 with a B.A. in international economics and holds a Graduate diploma in public accounting from McGill University, Montreal, QC in 1991. Mr. Miranda is also a member of the Ontario Institute of Chartered Accountants (CA).
Prior to joining WSR, Mr. Miranda spent over 19 years working in financial roles for companies such as Kinross Gold Corporation, Northfield Capital Corp., Ernst and Young LLP, Bolivar Gold Corp. and Pacific Stratus Energy.
John Tait, President and CEO, stated "I am delighted to have Mario join the WSR team." He added, "Mario brings to our Company his broad business and international finance experience. In addition, he has a great knowledge and understanding of how to get our job in Guyana done. His attributes will be vital to the next phase of the development and growth of the Company."
In addition, the Company announces the resignation of Steve Austin as CFO. John Tait stated "We very much appreciate Steve's significant contribution as CFO and wish Steve continued success in his future endeavours."
WSR Gold Inc. is a Canadian based mineral exploration Company primarily focused on the exploration and development of gold deposits in the Guiana Shield of South America. The Guiana Shield is in the northern part of the Amazon Craton and covers parts of Guyana, Venezuela, Suriname, French Guyana and northern Brazil. The Peter's Mine Property is under option to WSR from Guyana Goldfields Limited (TSX:GUY) and is on a significant deformation structure known as the Mango Trend. WSR can earn a 50% interest in the Peter's Mine Property by spending $5 million over 3 years.
WSR's shares trade on the TSX Venture Exchange under the symbol "WSR". There are currently 80,292,652 shares issued and outstanding.
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Westchester, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
WSR Gold Inc.
President and CEO