VANCOUVER, BRITISH COLUMBIA, Mar 23, 2011 (MARKETWIRE via COMTEX News Network) --
NewstrikeCapital Inc. (TSX VENTURE: NES) ("Newstrike" or the "Company") ispleased to announce that at the February 17th, 2011 meeting of its boardof directors, the Newstrike board approved resolutions increasing thesize of the board from 4 to 5 and the appointment of Dr. Wojtek Wodzickias a member of Newstrike's board.
Dr. Wodzicki is currently thePresident and CEO of NGEx Resources Inc., a TSX-V listed explorationcompany with gold and copper projects in North and South America andAfrica.
Since 1987, Dr. Wodzicki has worked in the internationalmining industry, managing exploration programs on five continents. Hisimpressive career with Teck Cominco Ltd. included managing explorationoffices in Bolivia, Peru, Chile, and Argentina. In 2001 Dr. Wodzicki wasappointed Teck Cominco's General Manager of Exploration for NorthAmerica and Europe-Africa. He holds a doctorate in Geosciences from theUniversity of Arizona.
In connection with this appointment, theCompany has granted Dr. Wodzicki 350,000 stock options, each exercisableinto one common share of the Company at an exercise price of $1.35 for aperiod of ten years from this date. The grant is subject to regulatoryapproval.
About Newstrike
Newstrike is a gold-silverfocused explorer, targeting known and historic mining districts inMexico. Current management and directors co-discovered Goldcorp's andTeck's significant discoveries in Guerrero Gold Belt in Guerrero State,currently in advanced stages of exploration and production.
Newstrikeholds a 100% interest in certain exploration properties in Mexicolocated within two established mining districts; the gold bearingoxidized iron skarn-porphyry camp of the Guerrero Gold Belt, and thepolymetallic Ag-Au-Cu rich epithermal camp of the mining districts ofOaxaca State, and is increasing its position as strategic opportunitiespresent themselves.
Forward-looking statements
Certainstatements made and information contained herein constitute"forward-looking information" (within the meaning of applicable Canadiansecurities legislation). Such statements and information (together,"forward looking statements") relate to future events or the Company'sfuture performance, business prospects or opportunities. Forward-lookingstatements include, but are not limited to, statements with respect tofuture production levels, future capital expenditures and theirallocation to exploration and development activities, future drillingand other exploration and development activities, and dates by whichcertain areas will be explored, developed or reach expected operatingcapacity, that are based on forecasts of future results, estimates ofamounts not yet determinable and assumptions of management.
Allstatements other than statements of historical fact may beforward-looking statements. Any statements that express or involvediscussions with respect to predictions, expectations, beliefs, plans,projections, objectives, assumptions or future events or performance(often, but not always, using words or phrases such as "seek","anticipate", "plan", "continue", "estimate", "expect, "may", "will","project", "predict", "potential", "targeting", "intend", "could","might", "should", "believe" and similar expressions) are not statementsof historical fact and may be "forward-looking statements".Forward-looking statements involve known and unknown risks,uncertainties and other factors that may cause actual results or eventsto differ materially from those anticipated in such forward-lookingstatements. The Company believes that the expectations reflected inthose forward-looking statements are reasonable, but no assurance can begiven that these expectations will prove to be correct and suchforward-looking statements should not be unduly relied upon. The Companydoes not intend, and does not assume any obligation, to update theseforward-looking statements, except as required by applicable laws. Theseforward-looking statements involve risks and uncertainties relating to,among other things, changes in oil prices, results of exploration anddevelopment activities, uninsured risks, regulatory changes, defects intitle, availability of materials and equipment, timeliness of governmentor other regulatory approvals, actual performance of facilities,availability of financing on reasonable terms, availability of thirdparty service providers, equipment and processes relative tospecifications and expectations and unanticipated environmental impactson operations. Actual results may differ materially from those expressedor implied by such forward-looking statements.
Neither the TSXVenture Exchange nor its Regulation Services Provider (as such term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Contacts: Newstrike Capital Inc. Richard O'C. Whittall Director,President & CEO 604.605.4654 Website: www.newstrike.com Blogsite:https://newstrikecapital.com/blog
SOURCE: Newstrike Capital Inc.
https://www.newstrike.com https://newstrikecapital.com/blog
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