RE: News on Mountain Lake Resources Halifax, Nova Scotia CANADA, March 20, 2012 /FSC/ - Mountain Lake Resources Inc (MOA - TSX Venture, MLKRF - OTCB Pink),("Mountain Lake" or the "Company") announces the resignation of Gary Woods as President, Chief Executive Officer and Director of the Company. Gary is resigning for personal reasons and will remain with the Company in a consulting capacity. The Board of Directors wishes to thank Gary for his years of service to the Company.
Effective immediately, Allen Sheito, Chairman and Director of the Company, will assume the offices of President and Chief Executive Officer on an interim basis.
The Company also announces the appointment of Paul Smith as Chief Operating Officer, effective immediately. Paul has been the Exploration Manager of the Company for the past year and has supervised the Glover Island Gold Project. Prior to joining Mountain Lake, Paul was Vice President - Field Operations, Compliance and Permitting with Acadian Mining Corp. Prior to that, Paul spent 33 years with the Nova Scotia Department of Natural Resources as a Senior Research Gold Geologist for the Mineral Resources Section serving his final two years as Liaison Geologist for the Mineral Resources Branch. Paul holds both a BSc and a MSc in Geology from Acadia University.