TSX-V: LER
PRESS RELEASE
4 March, 2008
Lero Announces Board Restructuring
______________________________________________________________________________________
LONDON, UNITED KINGDOM--(March 4, 2008) - The Board of Lero Gold Corp.
("Lero", or the "Company") (TSX VENTURE:LER) is pleased to announce the
appointments of Dr Alexander Yakubchuk as Director and Chief Executive
Officer and Mr Massimo Carello as Non-executive Director. In addition, Dr
Sergey V. Kurzin has been elected Chairman while Darryl Yea has stood down
as Non-executive Chairman. Restructure is effective 3 March, 2008.
Dr Yakubchuk joined Lero in January 2008 as a consultant, bringing more
than 14 years experience gained in the states of the FSU, including
Russia,
Kazakhstan, Kyrgyzstan and Uzbekistan, as well as internationally in
Australia, Mongolia, China, Canada, and some European countries. Most
recently he held the position of Exploration Manager for Europe and the FSU
for Gold Fields International Services Ltd. Dr Yakubchuk has previously
worked and consulted to companies such as BHP-Billiton, Norlisk Nickel,
Goldcorp, Rio Tinto, World Bank and Inco. and previously lectured as an
Associate Professor at Lomonosov Moscow State University for 5 years.
Mr Carello currently holds non-executive positions with Uranium One Inc.
and ACUFON International Ltd. Mr Carello has over 30 years of international
senior management and director level experience and has been a former
Chairman and CEO of Fiat UK and Diners Club UK. He is also currently an
international adviser to Aksia Group Spa. Incentive stock options (the
"options") to purchase up to 200,000 shares, vesting immediately, were
granted to Mr Carello on March 3, 2008, subject to TSX-V regulations and
approval. The options are exercisable for a term of five years at the price
of CAD$0.56 per share.
As a result of Dr Yakubchuk and Mr Carello's appointments, Nick Clarke
(previously President and CEO) will continue as Executive Director, Dr
Sergey Kurzin (previously Executive Director) has been elected Chairman,
while Darryl Yea has stood down as Non-executive Chairman, remaining an
adviser to the Board. Messrs Marc Prefontaine and Mark Corra continue to
hold the positions of Non-executive Directors.
Executive Director, Nick Clarke commented:
"We are delighted Alexander and Massimo have agreed to join the Lero
board. These are strategic board appointments as their technical and
operational skills will complement our existing high quality team, and I
know that we will be able to draw on Alexander's vast experience and
impressive track record.
Both arrive at an exciting time for the company. Within months, we are due
to have a resource calculation for the Taldybulak copper-gold project in
Kyrgyzstan, as well as for our Kazakhstan-based Karchiga copper project.
On a separate note, I would like to thank Darryl for his contribution and
support of the Company."
Notes to Editors:
1. Lero Gold Corporation (TSX VENTURE:LER) is a base and precious metal
exploration company led by a senior management team with extensive
expertise in mineral exploration and advanced project management. In July,
2006 Oriel Resources Plc completed its previously announced transfer and
sale of its gold related assets into Lero Gold Corporation ('Lero')
(formerly ELE Capital Corporation - 'ELE'). Lero resumed trading on TSX
Venture Exchange (TSX-V) on Thursday, July 27, 2006 under the trading
symbol "LER". Lero Gold is currently seeking and evaluating advanced
exploration stage gold and base metal projects in Kazakhstan, Kyrgyzstan
and
Russia. The Company is currently exploring advanced staged gold
deposits in the Tien Shan gold belt in the Kyrgyz Republic and Rudny Altai
belt in Kazakhstan.
The TSX Venture Exchange does not accept responsibility for adequacy or
accuracy of this release.
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For further information please contact:
Investor Relations, Vanguard Shareholder Solutions
Tel: 866.341.4111 or 604.608.0824
Email:
ir@vanguardsolutions.ca
www.lerogold.com
Lero Gold
Vanguard Shareholder
Solutions
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provides, for remuneration,
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