Edgewater Exploration Announces Douglas Forster as Director
30 March 2011 - 8:00AM
Marketwired
George Salamis, President and CEO of Edgewater Exploration Ltd.
("Edgewater" or the "Company") (TSX VENTURE: EDW)(OTCQX: EDWZF), is
pleased to announce that Mr. Douglas Forster, M.Sc., P.Geo. has
joined the board of directors of Edgewater.
Mr. Forster is President and CEO of Featherstone Capital
Advisors Inc. and is a director of Calibre Mining Corp. and
Pinecrest Resources Ltd. and a former director of Potash One Inc.
He has been associated with the mineral exploration and mine
development industry for the past 30 years and holds a B.Sc. (1981)
and M.Sc.(1984) in economic geology from the University of British
Columbia and is a registered member of the Association of
Professional Engineers and Geoscientists of British Columbia. Mr.
Forster has extensive experience in resource project development,
mergers and acquisitions, public company management and finance. He
has been a founder, senior executive and/or director of numerous
publicly traded companies listed on North American stock exchanges
and has recently been involved in major project acquisitions for
Terrane Metals Corp, Calibre Mining Corp., Avanti Mining Inc., MBAC
Fertilizer Corp. and Edgewater Exploration Ltd.
Concurrent with Mr. Forster's appointment Mr. Edward Farrauto
has stepped down from the Board of Edgewater. Mr. Farrauto will
continue with the Company in his role as Chief Financial
Officer.
George Salamis, President and CEO of Edgewater comments, "As one
of the founding members of Edgewater, we are pleased to have Doug
join our board. The capital markets experience that Doug brings
will be of great value for the current and future growth of
Edgewater. I would also like to thank Mr. Farrauto for his
contributions at the Board level and look forward to continuing to
work with Ed in his capacity as CFO."
The Company has granted Mr. Forster 250,000 stock options at an
exercise price of $0.85 per share and valid for a period of five
years from the date of grant.
About Edgewater Exploration Ltd.
Edgewater is a mineral exploration company focused principally
on acquisitions, advancement and development of precious metal
properties. Edgewater is currently developing the Enchi Gold
Project in Ghana, West Africa and the Corcoesto Gold Project in
northwest Spain.
On behalf of the board of EDGEWATER EXPLORATION LTD.
George Salamis, President and CEO
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: Edgewater Exploration Ltd. Ryan King Vice President
(604) 628-1012 rking@edge-water.com www.edge-water.com
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