Sacre-Coeur Minerals Appoints Jennifer Todhunter as New CFO
Ms. Todhunter has recently served as the Company's VP Financial Administration and Corporate Secretary. Prior to that, she served as Finance Manager, from May 2005. Ms. Todhunter has extensive accounting and finance experience, dealing with the complexities of both private and public corporations. She has spent the last thirteen years working with public companies, predominantly those in the mining industry.
In connection with the appointment of Ms. Todhunter as CFO, the Company has granted her incentive stock options, subject to any necessary regulatory approvals, to purchase up to 75,000 shares of its Common Stock. The options are exercisable for a term of three years at a price of CAD $0.11 per share.
According to Mr. Gregory Sparks, CEO of the Company, "We thank Mark for his valuable contributions to Sacre-Coeur Minerals over the past year and wish him well in his new endeavors. Over the past seven years with the Company, Jennifer has proven herself to be a highly capable senior financial administrator. She is thoroughly familiar with all financial and legal aspects of the Company, and is very well qualified to seamlessly take on her new role as CFO. We are delighted to welcome Jennifer into this important senior executive role."
About Sacre-Coeur
The Company is engaged in the acquisition, exploration, development, and production of properties for gold, metals and diamonds in South America, initially focussing on exploration and production of gold from its properties in Guyana. The Company presently holds 100% interest in approximately 850 sq. km of mineral properties in Guyana, including the Million Mountain Property which hosts an NI 43-101 compliant hard-rock resource of 12,119,285 tonnes grading 1.0 g/t Au Measured, and 2,175,278 tonnes grading 0.9 g/t Au Indicated for a total 451,000 tr oz Au combined. The Company has offices in Vancouver, Canada and Georgetown, Guyana. More information about the Company is available at www.scminerals.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF SACRE-COEUR MINERALS, LTD.
"Gregory B. Sparks"
Gregory B. Sparks, P. Eng., President & CEO
For further information, contact:
Sacre-Coeur Minerals Ltd.
Gregory Sparks, President and CEO
Email: greg@scminerals.com
Phone: 604-899-0100
Fax: 604-899-0200
Don Mosher-B&D Capital, Corporate Consultant
Email: don@scminerals.com
Phone: 604-899-0100
Mobile: 604-617-5448
Fax: 604-899-0200
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We can give no assurance that the forward-looking information will prove to be accurate. Forward-looking information by its nature is based on assumptions and involves known and unknown risks, uncertainties and other factors, including those discussed in the Company's quarterly and annual management discussion and analysis, which are available at www.sedar.com under the Company's profile, any of which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The forward-looking information is based on a number of assumptions that management believes are reasonable, including but not limited to assumptions about; the price of gold; the financial condition of the Company; anticipated costs and expenditures; estimated production; mineral resources or reserves; and metallurgical recoveries; general business conditions; and the ability to achieve our goals. The forward-looking information is also subject to certain risks, uncertainties and other factors associated with our business, including but not limited to: gold price volatility; risks of not meeting production and cost targets; discrepancies between actual and estimated production; mineral reserves and resources and metallurgical recoveries; mining operational and development risk; litigation risks; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment and operating in foreign countries; currency fluctuations; speculative nature of gold exploration; global economic climate; dilution; share price volatility; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the Company's quarterly and annual management discussion and analysis. Should underlying assumptions prove incorrect, or should one or more of the risks, uncertainties or other factors materialize, actual results may vary materially from those expressed or implied in the forward-looking information.
Forward-looking information is designed to help you understand management's current views of our near and longer term prospects, and it may not be appropriate for other purposes. Forward-looking information is based on the reasonable beliefs, estimates and opinions of management at the date the statements are made and is subject to change without notice. These factors should be carefully considered and viewers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date of this news release. We will not necessarily update this information unless we are required to by applicable securities laws.
Sacre-Coeur Minerals, Ltd.
Suite 1450, Box 11553
650 West Georgia Street
Vancouver, BC, V6B 4N8