Vancouver, British Columbia - February 16, 2011 - Laurentian Goldfields Ltd. (TSX-V: LGF) ("Laurentian") is pleased to announce the appointment of Mr. Darin Labrenz, P.Geo., as President, CEO and Director of Laurentian. Mr. Labrenz brings over 19 years of global mineral exploration, development and production experience to the Company and recently held the position of Vice President, Business Development for Terrane Metals Corp.
"The Board is very pleased to welcome Mr. Labrenz to the Company", states Brian P. Fowler, P.Geo., Chairman for the Laurentian Board of Directors. "Mr. Labrenz has the necessary business and technical skill to spearhead Laurentian's continued growth as both a leading project generator and an advanced project developer."
Mr. Labrenz was previously employed by Placer Dome Inc. for a period of 10 years and worked in a variety of technical and managerial roles at the corporate head office in Vancouver, B.C., Campbell Mine (Red Lake Mine), Turquoise Ridge Mine (Nevada) and North Mara Mine (Tanzania). Mr. Labrenz's diverse experience base includes the design and supervision of exploration programs, resource estimation, operational management, feasibility studies and economic evaluations. In the role of Chief Geologist at the North Mara Mine, Mr. Labrenz managed the geological transition from exploration, feasibility and pre-development to production.
"I am very pleased to be joining the Laurentian team", states Darin Labrenz. "The company has delivered on its strategy, generating a portfolio of high-quality projects, and I am excited for the opportunity to lead the company into the next phase of development."
Mr. Labrenz is eager to commence work with Laurentian's Vice President of Exploration, Mr. Patrick Lengyel, P.Geo., whose technical expertise has been and will continue to be the driving force behind Laurentian's rapid rise to a leading gold project generator. The Company has active Canadian joint venture projects with two major gold mining companies (Kinross Gold Corp. and Anglogold Ashanti Ltd.), and more recently optioned the advanced Thundercloud gold project from Teck Resources Ltd. Laurentian is currently drilling the Goldpines North Property with joint venture partner Kinross Gold Corp. and intends to conduct a 4,000 metre diamond drill program this spring on the Thundercloud gold property.
The Laurentian Board has accepted the resignation of Mr. Andrew Brown, M.Sc., P.Geo., the Company's outgoing President, CEO and Director. The Board thanks Mr. Brown for his contribution to the Company and wishes him well with his future endeavours.
About Laurentian Goldfields Ltd.
Laurentian is run by a team of exploration professionals focused on discovery and growth in under-explored regions of mining-friendly jurisdictions. Laurentian generates new projects by employing leading edge exploration concepts and techniques to quickly and cost-effectively screen vast tracts of land for geological and geochemical signatures known to be associated with world class gold deposits.
ON BEHALF OF THE BOARD OF DIRECTORS,
"Brian P. Fowler"
Brian P. Fowler, P.Geo.
Chairman of the Board
Neither 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.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to mineral potential and planned exploration, development and production activities. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, realized mineralization of properties and the timing and success of future exploration, development and production activities.
For further information, please contact:
Brian P. Fowler, Chairman of the Board
Tel: (604) 646-1582
Fax: (604) 646-8088
Michael Joyner, Humbercrest Capital
Tel: (416) 722-4925