April 10, 2012 - Equitas Resources Corp. (TSXv: EQT) (FSE: T6U1) (the “Company or Equitas”) announces the following changes to the Company’s Board of Directors.
Mr. Richard Yu has tendered his resignation to Zijin Mining Group and therefore has stepped down from the Board of Equitas. As part of their strategic investment in Equitas, Zijin Mining Group has nominated Mr. Michael Guo to replace Mr. Yu on the Company’s Board. With the encouragement and support of both Equitas and Zijin Mining Group, Mr. Yu has agreed to remain as a special advisor to the Company.
“By adding Mr. Guo to the Company’s Board, and retaining Mr. Yu as a special advisor, we have expanded the technical expertise of the Company. Mr. Guo is a welcome addition to the Company and has previously worked with some of our other team members during his tenure at Dahrouge Geological Consulting Ltd. in Edmonton and has a strong understanding of Canadian geology,” states Jay Roberge, President and CEO of Equitas.
Mr. Michael Guo is a Canadian geologist with experience in North America and internationally, managing a wide range of mineral projects. Mr. Guo is currently the Deputy General Manager of the Overseas Development Department of Zijin Mining Group and a Mine Geologist for Cameco Corporation’s Eagle Point Mine. Previous to his current position, Mr. Guo worked with Dahrouge Geological. Mr. Guo is a graduate of the University of Science and Technology of China where he received his Ph.D in Geology and is a registered professional geologist in China and Canada.
The Company continues to review acquisition targets to build its asset base and expand their exploration portfolio. In addition, the Company is in the initial planning stages of preparing for a comprehensive exploration drilling program on the Company’s DAY Copper Gold Porphyry project in north central British Columbia.
About Equitas Resources Corp.
On Behalf of the Board of Directors
Equitas Resources Corp.
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Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include that the acquisition of additional projects or assets, and a comprehensive exploration drilling program for the DAY project.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.