|Wed Jan 12, 2005|
Appoints new Director
|The Company is pleased to announce the appointment of Mr. David Shaw as a director of the Company. The Company is confident that David will become a vital component to the Company's management team and an important contributor to the Company's future success.|
Mr. Shaw graduated in 1973 from the University of Sheffield, England, with a B.Sc. (Sp. Hons.) in geology followed by a Ph.D. in structural geology from Carleton University, Ottawa.
Since completing his doctorate 25 years ago David has worked both in the technical and financial communities within the resource industry. Seven years were spent with Chevron Resources in Calgary and Vancouver, employed initially as an in-house structural consultant on both metal and hydrocarbon exploration programs and then as a member of a hydrocarbon project financial evaluation team. Upon leaving Chevron, he initiated and developed the Resource Research Group at Charlton Securities Ltd., Calgary before assuming the position of Senior Mining Analyst, Corporate Finance, at Yorkton Securities Inc. in Vancouver. Throughout David's career, he has built strong relationships with European financial institutions and the global mining community. Recently he has been assisting a Vancouver based junior exploration company with development and exploration and of its projects in Central and South America.
Keith Neumeyer, President commented; "David is a valuable addition to our management team. His successes and experience in the mining industry will definitely enhance the Company's objectives."
The Company has also agreed to grant a 200,000 Director's stock options to Mr. Shaw at a price of $1.79. The stock option is exercisable for a period of three years.
The granting of the stock options is subject to regulatory approval.
FIRST MAJESTIC RESOURCE CORP.
This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of First Majestic Resource Corp. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and the TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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