news on name changeClan Resources Ltd. Becomes Energy Metals Corporation and Announces Management Changes
NEWS RELEASE TRANSMITTED BY CCNMATTHEWS Clan Resources Ltd. December 20, 2004 - 09:07:54 ET Clan Resources Ltd. Becomes Energy Metals Corporation and Announces ManagementChanges VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 20, 2004) - Clan ResourcesLtd. (the "Company") (TSX VENTURE:CLU) is pleased to announce a change ofname, a new trading symbol and a number of appointments which are intended tostrengthen the management team. Change of Name and New Trading Symbol The Company has changed its name to Energy Metals Corporation effectiveDecember 17, 2004 to better reflect the Company's focus on the acquisition,exploration and development of uranium assets. The Company's new tradingsymbol is EMC and the common shares will commence trading on the TSX VentureExchange under the new name on Monday, December 20, 2004. There are no changesto the Company's share capital structure associated with the name change. In connection with the Company's name change, the Company has adopted a newform of share certificate. Shareholders may obtain the new form of sharecertificate by surrendering their existing share certificate to PacificCorporate Trust Company, the Company's transfer agent in Vancouver, BC. Management Changes Effective December 17, 2004, the Company has appointed Paul Matysek, adirector of the Company since 1999, as the new President and CEO. James G. G.Watt, who served as President since 1998, will assume the position of Chairmanof the board of directors. Mr. Matysek is a professional geologist with over 25 years of internationalexploration and development experience. He holds a Bachelor of Science degreefrom the University of Toronto and a Masters of Science degree in Geology fromthe University of Toronto. Mr. Matysek has been in a senior management ordirector position with several natural resource exploration and developmentcompanies, notably First Majestic Resource Corp., First Quantum Minerals Ltd.,Vannessa Ventures Ltd., and Odyssey Resources Ltd. Mr. Matysek has beeninstrumental in the acquisition and development of a number of significantprecious metal and base-metal properties which include the 2.4 million ounceCrucitas Gold Project in Costa Rica and the Altintepe and Tavsan Gold Projectsin Turkey. Mr. Matysek also brings financing capabilities to the Companyhaving been involved in raising over $25 million for various exploration anddevelopment projects since 1999. As Chairman of the board, Mr. Watt will continue to work closely withmanagement and the board of directors in the implementation of EMC's businessplan. The Company is also pleased to announce the appointment of William M. Sheriffas President of the Company's wholly-owned subsidiary, Energy MetalsCorporation (US). Mr. Sheriff is known to be one of the leading prospectdevelopers in the Western United States having generated numerous explorationprojects to many major mining companies including Newmont, Anglo, Uranerz,Atlas, Cordex, Homestake, FMC and others. He began his career with Cyprus Minerals-AMOCO in 1980 working on molybdenumdeposits in Montana. From 1981 to 1984 as Research Geologist for AmselcoExploration, he was responsible for prospect generation for the southwest USA.From 1985 to present, he was founder and president of Platoro WestIncorporated, a minerals exploration firm specializing in projectidentification and acquisition throughout the western USA. Platoro West hasexclusive access to proprietary databases from Union Carbide and US Smelting'sworldwide exploration programs along with uranium exploration databases fromUV Industries, Ranchers Exploration and Hecla Mining. From 2002 until present,Mr. Sheriff has served as the President of Pacific Intermountain GoldCorporation (PIGCO), a private corporation owned by Seabridge GoldCorporation. PIGCO holds over 30 advanced gold exploration projects throughoutNevada. Mr. Sheriff received his BSc in Geology from Fort Lewis College inDurango, Colorado and conducted graduate studies at the University of Texas-ElPaso in Mining Geology and Mineral Economics. The Company is also pleased to announce the appointment of Jay McMurray ofLittleton, Colorado as Chief Geologist. Mr. McMurray has worked as aconsultant on worldwide uranium resources and supply and demand issues for thepast 14 years. He has 42 years of experience in natural resource explorationand development, including 33 years in the uranium industry. Mr. McMurray hasworked with several uranium-mining companies on exploration and developmentprojects throughout the western United States including Exxon Minerals andRocky Mountain Energy/Union Pacific Minerals. In addition, he has worked as aconsultant on exploration projects in Canada, Gabon and Paraguay and hasvisited most of the major uranium mines in the world as part of hisindependent consulting activities. His clients include NAC International,Cameco Corporation, Newmont Mining Corporation, Taiwan Power Company, theInternational Atomic Energy Agency and the OECD Nuclear Energy Agency. Energy Metals Corporation is a Canadian listed company involved in the mineralresource sector. EMC has adopted a strategy which will see the company focuslargely of the acquisition, exploration and development of uranium assets aspart of its long-term strategy to take advantage of the growth in the U.S. andworldwide electrical energy demand. This increasing demand is occurring at atime when mine supplies are dwindling and inventories are being depleted. /T/ ON BEHALF OF THE BOARD OF DIRECTORSOF ENERGY METALS CORPORATION "signed"Per:
Paul Matysek, M.Sc., P.Geo.
President, CEO and Director /T/ FOR FURTHER INFORMATION PLEASE CONTACT: Energy Metals Corporation Paul Matysek, M.Sc., P.Geo. (604) 684-9007 (604)408-4799 www.energymetalscorp.com THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITYFOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.