CALGARY, ALBERTA–(Marketwire – March 25, 2011) – BACANORA MINERALS LTD. (the “Corporation” or “Bacanora”) (TSX VENTURE:BCN) is pleased to announce the appointment of Mr. Colin Taylor of Saskatoon, Saskatchewan as the Vice President, Corporate Development for Bacanora. Mr. Taylor is the founder of Valour Consulting Corp. and serves as its Chief Executive Officer and President. Valour Consulting services the junior resource industry with focus on corporate development and management. From March 2010 to March 2011 he was employed with BEC International Corp., where he was exposed to a wide range of managerial roles within the resource industry in both Canada and abroad. From December 2005 to March 2010, he served as a commissioned officer and pilot in the Canadian Forces. The preceding balance of 2005 he was employed with Pacific and Western Bank of Canada, corporate headquarters, London Ontario. Prior to 2005 he was employed with Claude Resources Inc. at the Seabee gold mine and operated several successful sole proprietorships. Mr. Taylor graduated with a B.A in Philosophy from the University of Western Ontario in 2001.
In connection with the foregoing appointment, Bacanora also announces the grant of an aggregate of 100,000 options to acquire common shares in the capital of Bacanora at a price of $0.50. Such options (and the common shares exercisable upon exercise) are exercisable for a period of 5 years from the date of grant and will be subject to applicable securities law hold periods.
Forward Looking Statements
Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except as required by applicable securities requirements, the Corporation undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
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 the release.
For more information, please contactBacanora Minerals Ltd.
President and Chief Executive Officer
(403) 237-6144 (FAX)