Firesteel Resources further strengthens board with new directors

• David Forest, founder of Sunward Resources Ltd, currently COO of Condoto Platinum and VP Exploration for Asia Pacific mining, appointed to Firesteel's board of directors;
• Dr. Peter Pollard, Chairman of Kalimantan Gold Corporation Ltd., director of Hunter Bay Minerals PLC and G4G Resources, appointed to Firesteel's board of directors;
• Lloyd Worthing resigns as director from the board of Firesteel Resources.

VANCOUVER, Sept. 4, 2013 /CNW/ - Firesteel Resources Inc. ("Firesteel" or the "Company") (TSX-V: FTR) announces the appointment of David Forest and Dr. Peter Pollard to Firesteel's board of directors and the resignation of Lloyd Worthing from its board of directors.

Mr. Michael Hepworth, President & CEO stated, "We wish Lloyd Worthing every success and thank him for his many years of service and contribution on Firesteel's board.  Firesteel is delighted to announce the appointment of Dave Forest and Peter Pollard to the Company's Board of Directors.  These appointments add significant geological and capital markets strength to our board. We now have a solid team of experienced directors who can also help us achieve our prospect generator strategy more rapidly.  Peter is an international authority on copper porphyries and Dave's geological, financial and capital markets experience, both skill sets will be invaluable as we develop Firesteel to its full potential."

About David Forest:

David Forest is a geologist with a decade of experience in the mining, oil & gas and environmental sectors. He currently serves as Chief Operating Officer of Condoto Platinum NL, a publicly listed company on the ASX, which holds a ground-breaking agreement to explore for platinum and other metals in cooperation with indigenous Afro-Colombian groups in Choco, western Colombia. Mr. Forest is also Vice-President Exploration for Asia Pacific Mining Limited, a private company among the first western firms to apply for mineral licenses in the newly-opened nation of Myanmar. 

Mr. Forest is a founder and former Chief Operating Officer of Sunward Resources Ltd., a TSX listed copper-gold company with assets in Colombia.  During his time as Chief Operating Officer, the company expanded its Titiribi copper-gold project in Antioquia, Colombia from 3.7 million ounces of resource to over 11 million ounces. He was also instrumental in raising over $80 million in financing for Sunward Resources Ltd. 

Mr. Forest is a former investment analyst with Casey Research, and a frequent presenter at conferences and on business television. He is author of the Pierce Points Free Daily E-Letter covering breaking developments in natural resources and finance.

About Dr. Peter Pollard:

Dr Peter Pollard is a consulting economic geologist with over 25 years of experience in project generation and evaluation, principally in copper, gold and tin deposits worldwide.

He is currently chairman and non-executive director of Kalimantan Gold Corporation Limited and a non-executive director of Hunter Bay Minerals plc. and also a non-executive director of G4G Resources Limited.

Dr. Pollard has extensive porphyry and skarn Cu-Au experience gained through major international assignments with PT Freeport Indonesia, Ivanhoe Mines, Minera Escondida, NICICO, Intergeo, Asia Gold, CVRD, Penoles  and Ok Tedi.

He holds a Bachelor of Science (Hons) and PhD degrees in geology  from James Cook University, Australia and is a member of the Australasian Institute of Mining and Metallurgy (Chartered Professional) and a Fellow of the Society of Economic Geologists. Dr Pollard has been an employee of Pollard Geological Services Pty. Ltd. for 25 years providing consultancy services and training courses to the minerals exploration and mining industries worldwide.

In conjunction with their appointment to the board, Mr. Forest and Dr. Pollard have each been granted 150,000 options, exercisable at $0.10 per share for a period of five years.

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Advisory Regarding Forward Looking Statements

This news release contains forward-looking statements. Users of forward-looking statements are cautioned that actual results may vary from forward-looking statements contained herein. Forward-looking statements include, but are not limited to: expectations, opinions, forecasts, projections and other similar statements concerning anticipated future events, conditions or results that are not historical facts. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". While the Company has based these forward-looking statements on its expectations about future events as at the date those statements were prepared, the statements are not a guarantee of the Company's future performance.  Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurance that such expectations will prove to be correct. 

The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement and are made as of the date of this new release.  Unless otherwise required by applicable securities laws, the Company does not intend nor does it undertake any obligation to update or review any forward-looking statements to reflect subsequent information, events, results or circumstances or otherwise.

 

SOURCE: Firesteel Resources Inc.

Firesteel Resources Inc.
Michael Hepworth
President and Chief Executive Officer
[phone]
[email protected]