Telkwa
Gold Corporation (TKW-TSXV) ("Telkwa") is pleased to announce that effective
February 1, 2008, Kirk McKinnon, has been appointed President & CEO,
Richard Schler, appointed Vice-President of Finance
& CFO and Michael Marchand, P. Geol., appointed
as Vice-President of Exploration.
Kirk McKinnon, Richard
Schler, and Bill Nielsen, P. Geo., have been appointed Directors of Telkwa
Gold.
Nick Carter and Geoff
Fulton have resigned from the board of directors and Darrell McTavish has
resigned as Vice-President of Corporate Development. Telkwa recognizes and
thanks them for their years of support and wishes them well in their future
endeavours. Kenneth Thompson has resigned as Chairman of Telkwa but remains a
director.
Kirk McKinnon stated that,
"On behalf of the new management team, we gratefully acknowledge the
opportunity presented to us by Telkwa Gold. Given Telkwa's exceptional
properties in Nevada,
Michael Marchand, P.Geol., wants to focus full time
on the Company's exploration initiatives. With the existing infrastructure
and skilled personnel in our other managed companies (MacDonald Mines
Exploration, Uranium Star Corp. and VenCan Gold Corp.) coupled with the
established relationships we enjoy in the financial markets in Toronto, we
collectively believe we can maximize the exploration objectives of Telkwa
Gold. We are focused on aggressively advancing Telkwa's current properties
and will look to complete a first-phase financing in the near future. We are
equally committed to enhance Telkwa's exploration programs in Nevada."
Management is currently
carrying out a technical review of Telkwa's assets and will initiate
exploration programs in the near future. Initial emphasis will be on the Iron
Cap copper property, located in the Yerington Area of Nevada where appreciable past copper
production has taken place. Several other exploration companies such as
Pacmag Metals Ltd., Nevada Copper Corp. and Quatterra Resources Inc., have
significant resources in the immediate area of the Iron Cap Property. The
Iron Cap Property hosts widespread copper and gold occurrences on surface and
is along strike of Pacmag Metals' existing copper deposit. It is the
Company's intention to explore aggressively for similar mineralization in the
subsurface, and exploration work is expected to commence within the month.
Bill Nielsen, P. Geo,
Director will combine with both Michael Marchand, P. Geo., and Robin
Chisholm, P. Geo., President of Taiga Consultants to design and manage
Telkwa's exploration programs.
The head office of Telkwa
has relocated to 1000-141
Adelaide Street West, Toronto, Ontario, Canada
M5H 3L5. Michael
Marchand, P.Geol., will continue to operate from
Telkwa's existing Calgary Office.
Telkwa's current
exploration focus is in Nevada,
where it has three properties; the Iron Cap copper property, and the Warm
Springs and Stealth Gold properties. Telkwa maintains its website at www.telkwagold.com
with corporate information, reports and images of our exploration projects.
For further information
contact:
Toronto
Office:
Brent Nykoliation, Director of Business Development
Ph: (416) 364-4986
Fax (416) 364-2753
or
J. A. Kirk McKinnon, President and CEO
or
Richard Schler, Vice President and CFO
Calgary
Office:
Michael Marchand, Ph.D., P.Geol.
Vice-President of Exploration
2328 Sumac Rd NW
Calgary, AB T2N 3T9
Ph: 403-282-5105
Email: info@telkwagold.com
The TSX Venture Exchange
has not reviewed and does not accept responsibility for the adequacy or accuracy
of this release. This news release may contain forward-looking statements
including but not limited to comments regarding the timing and content of
upcoming work programs, geological interpretations, receipt of property
titles, potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore, involve inherent risks
and uncertainties. Actual results may differ materially from those currently
anticipated in such statements.
This news release is not
for dissemination in the United States
or to any United States
new service, and does not constitute an offer to sell or a solicitation of an
offer to buy the securities in any jurisdiction. The common shares of Telkwa
Gold Corp will not be and have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, or to a U.S. person, absent registration or applicable
exemption there from.