Aguila Announces Former Ventana Gold Executive as CEO
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/08/12 -- Aguila
American Gold Limited. ("Aguila") or (the "Company") (TSX
VENTURE:AGL) announces that at its Annual General Meeting ("AGM")
held November 7, 2012, shareholders elected Messrs. John Huguet, Nick
DeMare, John Bortnak, Dusan Berka, Christopher Verrico and Blair Way
as directors of the Company. The shareholders also passed all other
resolutions including an ordinary resolution to ratify the existing
stock option plan, pursuant to which the Company may grant stock
options up to 10% of its issued and outstanding common shares at the
time of the grant.
At a directors meeting held after the AGM, the directors appointed
Mr. John Huguet as Chairman, Mr. Blair Way as President and Chief
Executive Officer, Mr. Nick DeMare as Chief Financial Officer and
Corporate Secretary and Mr. James McCrea as Vice-President,
John Huguet states: "We are very pleased to have attracted Blair to
this role. His management and interpersonal skills combined with his
background and experience with mining projects in many different
countries makes him well suited for leading this company to the next
Blair was most recently, Vice President, Project Director, member of
the Executive Management Team, reporting to the CEO of Ventana Gold's
LaBodega project in Colombia. Ventana was purchased by Ike Batista in
2009 for $1.5 billion. Prior to the success at the Ventana Gold
Corp., Blair served as President and Project Director for Oceanagold
Philippines on the Didipio Gold Copper project. Prior to that he was
Project Manager Non Ferrous Group with Hatch Associates (Brisbane)
where he provided project management support for various mining and
metal related projects in Australia, South Africa, China, Papua New
Guinea and South East Asia. Prior to that Mr Way was Project Director
- Major Projects for BHP Billiton (QNI Pty Ltd) in Townsville,
Queensland. While with BHP, Mr Way led a project management group
that was responsible for implementing A$210 million of improvement
projects(brownfield) from pre-feasibility through to commissioning
throughout the refinery.
He holds a Bachelor of Science (Geology) from Acadia University in
Nova Scotia, Canada and a Masters of Business Administration from the
University of Queensland, Australia.
"I look forward to leading the company and driving the exploration
activities on the Angostura project to an NI 43101 compliant
resource. This asset exhibits all the attributes I look for in a
project. I greatly anticipate working with the AGL team, with the aim
of growing the company through to mid-tier status."
ON BEHALF OF THE BOARD,
Blair Way, President and CEO
Aguila American Gold Ltd.
Aguila American Gold Ltd. is an emerging gold exploration company
with an experienced geological and executive management team focused
on advancing and developing their flagship prospective gold project,
Angostura. Angostura is located 180 kilometres southwest of city of
Cuzco, in the Department of Apurimac, southwestern Peru. Angostura is
located in a prolific mineral trend, approximately 25 kilometres from
the Las Bambas Mine, a $4.5 billion mining project being developed by
Xstrata Mining Pty.
For more information visit www.aguilaamerican.ca.
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.
Aguila American Gold Ltd.
(604) 685 9316
(604) 683 1585 (FAX)
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