Mar 29, 2011
Edgewater Exploration Announces Douglas Forster as Director
Vancouver, British Columbia: George Salamis, President and CEO of Edgewater Exploration Ltd. ("Edgewater" or the "Company") (EDW: TSX-V), 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.
President and CEO
For further information, please contact:
Ryan King, Vice President
Telephone: (604) 628-1012
"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."
You can view the Next News Releases item: Tue Apr 12, 2011, Edgewater Intersects 1.72 g/t Gold over 24 m on Boin Gold Zone and 4.75 g/t Gold over 11 m on Nyam Gold Zone At Enchi Project, Ghana
You can view the Previous News Releases item: Wed Mar 23, 2011, Edgewater Increases Enchi Gold Project Drill program to 35,000m
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