Dakota Territory Appoints Anthony Kamin to Board of Directors
Board Strengthened By Addition of New Director
Reno, Nevada, July 29, 2013 (GLOBE NEWSWIRE) -- Dakota Territory Resource Corp
(OTCQB: DTRC) ("Dakota Territory" or the "Company") announced today the
appointment of Anthony Kamin to its Board of Directors. Mr.Kamin serves as
the President of Eastwood Investment Management (EIM),which he founded in
2001. EIM is a multi-strategy, multi-asset class investment manager. Mr.
Kaminwas a Venture Partner with Venture Strategy Partners from 1998 to 2003.
Mr. Kamin is an active investor inresource companiesand has been
aconsultant to numerous companiesand institutions in the areas of
early-stage strategic planning and development.Mr. Kaminwas a director
ofOpexa Therapeutics (OPXA:NasdaqCM)from 2004 to 2006. Mr. Kamin served as
Chairman of the Board of Advisors of DevLab, a center for technology
commercialization at Northwestern University.Mr. Kamin received a Masters
Degree from Yale University in international relations with a concentration in
international law in 1985.
Mr. Kamin stated "Dakota Territory has amassed an impressive land position
centered on the gold bearing formations that hosted the Homestake Mine in the
Black Hills of South Dakota.The District has produced more domesticgold than
anydistrict in the U.S., other than the Carlin Trend, yet it is largely
unexplored in the modern era. Current industry economic conditions dictate
resource grade and location in safe low cost jurisdictions are imperative. The
high grade potential of Dakota Territory's targets in the Black Hills and a
management team that possesses unique mining and exploration expertise in the
District are significant and sustainable advantages".
"Tony is a vital addition to our team said Richard Bachman, president and
chief executive officer of Dakota Territory. "Strengthening our business and
finance capabilities is key to the success of our efforts fund and execute
exploration programs we believe are capable of providing for the significant
growth of the Company in the near term".
About Dakota Territory Resource Corp
Dakota Territory Resource Corp. is a Nevada Corporation with offices located
at Reno, Nevada. Dakota Territory is committed to creating shareholder value
through the acquisition and responsible exploration and development of high
caliber gold properties in the Black Hills of South Dakota.
In terms of total historic US gold production, the Black Hills ranks second
only to the Carlin District of northeast Nevada, with the gold production of
the Black Hills concentrated in a 100 square mile area known as the Homestake
District. Dakota Territory maintains 100% ownership of three mineral
properties including the Blind Gold, City Creek and Homestake Paleoplacer
Properties, all of which are located in the heart of the Homestake District
and cover a total of approximately 2,466 acres. The Blind Gold Property is
located approximately 4 miles northwest and on structural trend with the
historic Homestake Gold Mine. Through its 125 year production history, the
Homestake Gold Mine produced approximately 40 million ounces of gold and is
the largest iron-formation-hosted gold deposit in the world.
In the 1980's and 1990's Homestake Mining Company undertook a $70 million
exploration program managed by Richard Bachman, president and chief executive
officer of Dakota Territory that was focused primarily on the search for a
repeat of the Homestake Mine. This program successfully discovered significant
new gold mineralization beyond the confines of the producing mine,
demonstrating repeatability and the potential for additional gold deposits in
the Homestake iron-formation host. This program also proved the continuous
extension of the Homestake iron-formation to a distance of approximately 4
miles from the producing mine and under the Blind Gold Property.
Dakota Territory is uniquely positioned by the experience of its management
team in the Homestake District to leverage the extensive exploration efforts
of the past. For more information on Dakota Territory please visit the
Company's website at http://DakotaTRC.com/.
Investor Relations Contact: For more information, please contact Constellation
Asset Advisors, Inc. (775) 771-5808
Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission ("SEC") limits disclosure
for U.S. reporting purposes to mineral deposits that a company can
economically and legally extract or produce. Our property currently does not
contain any known proven or probable ore reserves under SEC reporting
standards. Our reference above to the various formations and mineralization
believed to exist in our property as compared to historical results and
estimates from other property in the district is illustrative only for
comparative purposes and is no indication that similar results will be
obtained with respect to our property. U.S. investors are urged to consider
closely the disclosure in our latest reports filed with the SEC. You can
review and obtain copies of these filings at http://www.sec.gov/edgar.shtml.
Safe Harbor Statement
This release contains forward-looking statements that are based upon current
expectations or beliefs, as well as a number of assumptions about future
events. Although we believe that the expectations reflected in the
forward-looking statements and the assumptions upon which they are based are
reasonable, we can give no assurance that such expectations and assumptions
will prove to have been correct. Forward-looking statements are generally
identifiable by the use of words like "may," "will," "should," "could,"
"expect," "anticipate," "estimate," "believe," "intend," or "project" or the
negative of these words or other variations on these words or comparable
terminology. The reader is cautioned not to put undue reliance on these
forward-looking statements, as these statements are subject to numerous
factors and uncertainties, including but not limited to: adverse economic
conditions, competition, adverse federal, state and local government
regulation, inadequate capital, inability to carry out research, development
and commercialization plans, loss or retirement of key executives and other
specific risks. To the extent that statements in this press release are not
strictly historical, including statements as to revenue projections, business
strategy, outlook, objectives, future milestones, plans, intentions, goals,
future financial conditions, events conditioned on stockholder or other
approval, or otherwise as to future events, such statements are
forward-looking, and are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. The forward-looking
statements contained in this release are subject to certain risks and
uncertainties that could cause actual results to differ materially from the
statements made. Readers are advised to review our filings with the Securities
and Exchange Commission that can be accessed over the Internet at the SEC's
website located at http://www.sec.gov.
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