MONTREAL, June 24, 2011 (GLOBE NEWSWIRE) — Shamika2Gold, Inc. (OTCBB:SHMX) (the “Company”) announced that Mr. Christophe Eibl has decided to step down from the Company’s Board of Directors. Consequently, the Company announced that it has appointed Mr. Kim Koffel as a member of the board.
Mr. Koffel brings extensive international program management experience with large infrastructure program in challenging environments, having worked for over twenty years across Europe, Africa and the Middle East.�The Company believes his experience will be immensely valuable to Shamika2Gold’s international activities.
“I have had the privilege to work in the field with Kim structuring the development of a major mining project situated in a secluded environment of the globe. �Kim holds unsurpassed managerial acumen combined with forward-looking know-how and the talent to execute set objectives in an efficient and timely manner,” said Fred Clement de la Forge, Executive Vice-President and Chief Operating Officer. “Kim Koffel will add great value to ensure the responsible development of our present properties and help to finalize the acquisition of high value properties we are now ready to acquire. We look forward to Kim’s contributions to ensure Shamika2Gold’s rapid development worldwide.”
Robert Vivian, Shamika2Gold’s President and Chief Executive Officer, added, “I am very pleased to have Kim join our board and management team.�His field experience will be a great asset in developing Shamika2Gold’s projects and future acquisitions.”
Mr. Koffel added, “It is with great pleasure that I have become associated with Shamika2Gold and hope to develop their responsible mining program.�Of special interest has been working with Shamika to develop solutions to the social problems associated with conflict minerals and the proposed SEC reporting requirements coming from the Dodd Frank Act.�Shamika brings a unique approach to resolving the issues of artisanal and large scale mining operations and traceability.�Shamika’s approach to traceability and conflict minerals means for the first time a mining operation will become a consumer brand.”
About Shamika2Gold, Inc.
Shamika2Gold is an international junior gold company with strategic holdings in Africa and Southeast Asia. The Company focuses on acquiring high potential projects in overlooked and underexplored jurisdictions that have the potential to become significant assets. The Company mitigates political risk by developing a geographically diverse portfolio, partnering with highly experienced country management teams.
Shamika2Gold, Inc. is 51% owned by Shamika Resources, Inc., a private company domiciled in Canada. Shamika Resources has extensive holdings of mineral resources. The corporate strategy of Shamika2Gold, Inc. is to develop a portfolio of mineral companies, unlocking value for shareholders, and facilitating multinational access to the capital markets.
Forward Looking Statements
This press release contains forward-looking statements that reflect the Company’s current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Shamika2Gold, Inc., are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance and achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors that are disclosed under the heading “Risk Factors” and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
CONTACT: Shamika2Gold, Inc.
Robert Vivian, President and CEO
514-939-9990 ext. 33
http://www.shamika2gold.com
http://bit.ly/mGPepO
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