February 1, 2010 -- Vancouver, BC -- Laurentian Goldfields Ltd. (LGF.TSX-V) (the "Company") is pleased to announce the appointment of Dr. Mark O'Dea to the board of directors of the Company.
Dr. O'Dea is President and CEO of Fronteer (FRG --TSX/NYSE Amex). Under Dr. O'Dea's leadership, Fronteer has rapidly grown into a well-funded gold company with a strong operational team and a focus on future production in Nevada.
Andrew Brown, President and CEO of Laurentian states "I look forward to drawing on Mark's valuable company-building experience as we chart a course for the future growth of Laurentian."
Pursuant to the terms of the Company's stock option plan, Mr. O'Dea has been granted 200,000 incentive stock options exercisable at $0.17 per share for a period of five years.
About Laurentian Goldfields Ltd.
Laurentian Goldfields Ltd. is a team of highly skilled exploration professionals focused on gold discoveries in Canada's frontier exploration areas. Laurentian's innovative exploration approach has drawn the attention of major mining companies such as AngloGold Ashanti Ltd. and Kinross Gold Corporation, who are currently fully-funding over $4 million in grass roots exploration alliances with the Company. Laurentian is committed to the identification and acquisition of new exploration opportunities, in addition to the advancement and growth of our current project portfolio.
ON BEHALF OF THE BOARD OF DIRECTORS,
Andrew Brown, M.Sc., P.Geo.
President and CEO
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:
Vanessa Pickering, Manager, Corporate Communications
Tel: (604) 646-1598
Fax: (604) 642-2411