MONTREAL, March 17, 2011 (GLOBE NEWSWIRE) -- Shamika2Gold, Inc. (OTCBB:SHMX) is pleased to announce the appointment of Christoph Eibl to its board of directors. Mr. Eibl brings extensive international corporate finance in natural resources to the Company.
Mr. Eibl is chief executive officer of Tiberius Asset Management AG, a private investment management company managing approximately 2.7 billion USD based in Zug, Switzerland. Since 2005 he has also been head of the company's commodity trading and sales division. Prior to joining Tiberius Asset Management, Mr. Eibl was the vice-president at Dresdner-Kleinwort-Wasserstein where he was responsible for trading precious metals and commodities. He started his career at Baden-Wurttembergische Bank AG in 2000 where he was a proprietary trader and responsible for the establishment of the company's commodity trading division.
"An important part of building Shamika2Gold into an exploration and production company focused on developing gold resources around the world is establishing a board of directors with the right complement of business experience and contacts," said Robert Vivian, president and chief executive officer. "In Christoph Eibl, we are adding a director with relevant experience in the capital markets who has forged strong relations with banks, hedge funds and commodity investors. We look forward to Christoph's contributions to helping the company achieve its ambitions."
Mr. Vivian added, "Shamika2Gold has been moving quickly to implement its strategy of becoming a premier gold exploration company with operations in diverse countries, developing gold resources in high potential locations around the world. Already we are in the process of acquiring 23 exploration licenses in Woburn Township, Quebec, covering land totaling 13.91 square kilometres that contains alluvial gold deposits, and a gold and ruby exploration license in Cambodia covering approximately 158 miles in the Samlaut district adjacent to the famous Pailin ruby gem area. These licenses build on the portfolio of gold exploration projects we have underway in the Democratic Republic of Congo, where we are expanding our exploration program. It's a busy time at Shamika2Gold and we are excited about the future."
About Shamika2Gold, Inc. (OTCBB:SHMX)
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.
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 the this release, and other written or oral statements made by Shamika Resources, 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: Shamika Resources, Inc. Robert Vivian, President and CEO 514-939-9990 ext. 33 www.ShamikaResources.com