Rio Cristal Announces Appointment of Mr. Andre Gauthier to its Board of Directors
February 6th, 2012
Vancouver, Canada and Lima, Peru - (February 6, 2012) Rio Cristal Resources Corporation (TSXV:RCZ) ("Rio Cristal" or the "Company") announced that Mr. Andre Gauthier has been appointed a Director of the Company.
Thomas Findley, President and CEO of Rio Cristal, said "I am very pleased to announce that Andre Gauthier has agreed to join us as a Director of the Company. Andre has a wealth of experience with junior exploration companies in Peru and elsewhere and he will bring great value to our Board of Directors."
Mr. Gauthier has over 30 years experience in the investment in mining and exploration in Peru, Canada, China and other countries. He currently serves as President of Lara Exploration Ltd. a junior minerals exploration company headquartered in Lima with 16 active exploration projects, most of them with joint venture partners. He was previously International Exploration Manager for Cambior Inc. and led the exploration teams that discovered the La Granja and La Virgen copper and gold deposits in Peru and the Pachon copper deposit in Argentina, among others. He was also President of Maxy Gold before its merger with Lara Exploration and President of Inca Pacific Resources Inc. prior to its sale to Cia. Minera Milpo S.A. last year.
Mr. Gauthier holds a Masters Degree in Mineral Exploration from the University of Quebec and resides in Lima.
The Company also announced that it has granted a total of 150,000 options to Mr. Gauthier. The options vest over two years, have a term of five years and were priced at the closing price on February 1, 2012, the day the options are granted.
About Rio Cristal Resources Corporation
Rio Cristal Resources is a Canadian corporation focused on the discovery and further development of zinc, copper and gold deposits in Peru. The Company's most advanced exploration project is the 18,000 hectare Bongará zinc claim block located in northern Peru. Over 7,000 meters have been drilled at the Cristal zinc oxide project and an updated 43-101 Technical Report is in process and expected to be complete by mid February or sooner.
The Company is also actively reviewing other zinc, gold and copper prospects in Peru.
The Company's shares are listed on the Toronto Stock Exchange, Venture Segment and the Bolsa de Valores de Lima (Lima Stock Exchange) under the symbol RCZ.
For further information for investors, please contact Lucia Cestti via email at investor@riocristalresources.com.
Information about Rio Cristal Resources Corporation can also be found on the Company's website, www.riocristalresources.com.
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential exploration results, future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future results, events and objectives could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Rio Cristal's expectations include exploration and other risks detailed from time to time in the filings made by the Company with securities regulators.
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.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
