May 13, 2010
EDGEWATER EXPLORATION ENGAGES KIN COMMUNICATIONS
Vancouver, British Columbia: Edward Farrauto, President and CEO of Edgewater Exploration Ltd. ("Edgewater" or the "Company")(EDW: TSX-V), is pleased to announce the engagement of Kin Communications, ("Kin") to assist with the Company's investor relations efforts.
Kin Communications is a Vancouver based, full service investor relations firm specializing in resource companies. Kin will assist Edgewater in creating communication and marketing strategies and building relationships with finance professionals, investors and media contacts.
Edgewater will pay Kin Communications a fee of $7,500 per month and will issue Kin 250,000 stock options to acquire up to 250,000 common shares of the Company at a price of $0.75 per share. The options are exercisable for a period of five years and in accordance with the TSX Venture Exchange policies, 25% of the options will vest each quarter from the date of grant. The options are subject to regulatory and shareholder approval. The agreement with Kin has an initial term of 12 months and is subject to regulatory approval.
Edgewater is a precious metal exploration company focused on advancing the Enchi Gold Project in South-west Ghana, West Africa as announced on May 5, 2010. The Enchi Gold Project covers a 40 kilometre strike length of the Bibiani Shear Zone that hosts a number of major gold mines and deposits including Red Back's Chirano Gold Mine located 70 km north-east of the Enchi Project and the Bibiani Gold Deposit located 90 km north-east of the Enchi Gold Project.
EDGEWATER EXPLORATION LTD.
Edward Farrauto, CGA
President and CEO
For Further information contact:
Ryan King, Vice-President
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.
Cautionary Note Regarding Forward Looking Statements
This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond Edgewater's control, that may cause actual results or performance to differ materially from those currently anticipated in such statements
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