News Out!
Silver Dragon Resources Inc. Announces Senior Management Changes
2008-04-21 09:00 ET -News Release
TORONTO,April 21, 2008 (PRIME NEWSWIRE) -- Silver Dragon Resources Inc.(OTCBB:SDRG) announced today that Marc Hazout, founder and director,has stepped down as President and CEO effective immediately. The boardof Silver Dragon has appointed Colin Sutherland, currently CFO, asinterim CEO. The Company has begun a comprehensive search process for anew CEO to lead Silver Dragon.
Colin Sutherland, CFO and interim CEO, stated that: "I lookforward to continuing to work with this team and building on thesuccesses of the exploration program we have been pursuing. I amconfident that our search process will find the right CEO candidate forSilver Dragon. I also thank Marc for his service during a challengingperiod in the company that he founded."
Marc Hazout, Founder and Director, stated that: "I am veryexcited about the future of the company I founded. Silver Dragon isvery fortunate to have assembled the team it has in place to advanceour Cerros las Minitas project in Mexico and our Erbahuo projects inChina to the next level. I look forward to continuing to work with thisteam as an advisor and director and building on the successes of theprojects in order to maximize shareholder value."
About Silver Dragon Resources Inc.
Silver Dragon Resources Inc. is a mining and metal companyfocused on the acquisition, exploration, development and operation ofsilver mines in proven silver districts exclusively in China andMexico. Silver Dragon's objective is to acquire silver mining assetsthat contain promising exploration targets, and/or producing propertieswith significant untapped exploration potential. It is management'sobjective to grow Silver Dragon into a significant silver producer bydeveloping Cerros las Minitas in Mexico and the nine Erbahuo propertiesin China. With operations in Mexico, the world's leading producer ofsilver, and in China, the world's largest consumer of silver, SilverDragon is prepared to participate in China's increasing demand forsilver. For more information, please visit the Company's website at:www.silverdragonresources.com (now available in Chinese).
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Safe Harbor Statement under the Private Securities LitigationReform Act of 1995: The statements contained herein which are nothistorical, such as statements regarding the exploration anddevelopment of the Projects, outcome and timing for the completion offurther assays and Silver Dragon's future prospects, areforward-looking statements. Forward-looking statements are statementsthat are not historical facts and are generally, but not always,identified by the words "expects," "plans," "anticipates," "believes,""intends," "estimates," "projects," "aims," "potential," "goal,""objective," "prospective," and similar expressions, or that events orconditions "will," "would," "may," "can," "could" or "should" occur.Forward-looking information is subject to known and unknown risks,uncertainties and other factors that may cause the actual results,level of activity, performance or achievements of the Company to bematerially different from those expressed or implied by suchforward-looking information, including risks associated with the miningindustry such as economic factors, government regulation and approvals,environmental risks, actual results of exploration activities, futurecommodity prices, permitting timelines, capital expenditures, possiblevariations in ore reserves, resources, grade or recovery rates,requirements for additional capital, changes in laws or policies,changes in project parameters as plans continue to be refined,conclusions of economic evaluations as well as other risks detailedfrom time to time in the Company's filings with the Securities andExchange Commission.
CONTACT: Silver Dragon Resources Inc.
Colin Sutherland
(416) 223-8500
1-866-512-SDRG (7374)
info@silverdragonresources.com
