January 3, 2008 - Vancouver, British
Columbia - Redcorp
Ventures Ltd. (TSX:RDV) is pleased to announce
that Gordon E. McKnight has been appointed to the position of Vice
President, Sales and Marketing. Mr. McKnight will be responsible for
concentrate sales contracts and administration, as well as logistical
coordination for the materials handling arrangements for Tulsequah Chief Mine concentrates.
Mr. McKnight has over 26 years experience specifically in the area of
mineral concentrate sales, transportation and marketing. He
previously acted as Marketing Manager for copper concentrate sales for
Princeton Mining Corporation and Highland Valley Copper and also marketed
asbestos products for Cassiar Mining Corporation
and Canadian Chrysotile Management Corp. Since 2003 Gordon has acted
as a consultant for several mining companies in the areas of base metal
sales and marketing as well as completion of logistical and transportation
studies.
"Gordon will be a great asset to oversee the capital and contractual
arrangements for the concentrate materials handling for the Tulsequah project and we are very pleased to have him
join our team as we move to finalize our concentrate sales
agreements", stated Redcorp President Terry
Chandler.
Redcorp Ventures Ltd. is a Vancouver
based mineral exploration and development Company with active projects in British Columbia, Canada
and Portugal.
Further information on Redcorp and the Tulsequah Project can be obtained on the Company's
website at www.redcorp-ventures.com and at Redfern's website at www.redfern.bc.ca or by calling toll-free to Troy Winsor, Manager of Investor
Relations or Salina Landstad, Manager of Public
Relations at the contact numbers listed below.
ON BEHALF OF THE BOARD OF DIRECTORS
OF REDCORP VENTURES LTD.
"Terence Chandler"
Terence Chandler
President and CEO
Certain of the statements made and information contained herein is
"forward- looking information" within the meaning of the Securities Act (Ontario)
and the Securities Act (Alberta.) Forward-looking
information includes disclosure regarding possible or anticipated events,
conditions or results of operations that is based on assumptions about
future economic conditions and courses of action and includes future
oriented financial information with respect to prospective results of
operations or financial position that is presented either as a forecast or
a projection. Forward looking information is often, but not always,
identified by the use of words such as "seek",
"anticipate", "believe", "plan",
"estimate", "expect" and "intend"; statements
that an event or result is "due" on or "may",
"will", "should", "could", or might"
occur or be achieved; and, other similar expressions.
More specifically, forward looking information contained herein includes,
without limitation, statements concerning our plans at our Tulsequah Project (inclusive of the Big Bull Project),
the net present value of the Tulsequah Project,
the timing and amount of estimated future production and mine life,
expected future prices of gold, silver, copper, lead and zinc, mineral
reserve and mineral resource estimates, estimated capital and operating
costs of the project, estimated capital pay-back period, estimated asset
retirement obligations, timing of development and permitting time lines;
all of which involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or achievements, or
industry results, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
information.
Forward-looking information contained herein is based on material factors
and assumptions and is subject to a variety of risks and uncertainties
which could cause actual events or results to differ materially from a
conclusion, forecast or projection in the forward-looking
information. These include, without limitation, material factors and
assumptions relating to, and risks and uncertainties associated with, the
availability of financing for activities when required and on acceptable
terms, the accuracy of the interpretation of drill results and the
estimation of mineral resources and reserves, the geology, grade and
continuity of mineral deposits, the consistency of future exploration,
development or mining results with our expectations, metal price
fluctuations, the achievement and maintenance of planned production rates,
the accuracy of component costs of capital and operating cost estimates,
current and future environmental and regulatory requirements, favourable
governmental relations, the availability of permits and the timeliness of
the permitting process, the availability of shipping services, the ultimate
recovery amount, if any, of our investment in third-party asset-backed
commercial paper (ABCP) that is currently undergoing liquidity
restructuring by the Committee representing the Montreal Accord, the
availability of specialized vehicles and similar equipment, costs of
remediation and mitigation, maintenance of title to our mineral properties,
industrial accidents, equipment breakdowns, contractor's costs, remote site
transportation costs, materials costs for remediation, labour disputes, the
potential for delays in exploration or development activities, timely
completion of future NI 43-101 compliant reports, timely completion of
future feasibility studies, the inherent uncertainty of production and cost
estimates and the potential for unexpected costs and expenses, commodity
price fluctuations, currency fluctuations, continuing global demand for
base metals, expectations and beliefs of management and other risks and
uncertainties, including those described under Risk Factors Relating to Our
Business in our Annual Information Form, filed on SEDAR on April 2, 2007,
and in each subsequent Management's Discussion and Analysis. Although we
have attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. There
can be no assurance that forward-looking statements will prove to be
accurate. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from any conclusions, forecasts or projections
described in the forward-looking information. Accordingly, readers are
advised not to place undue reliance on forward-looking information. Except
as required under applicable securities legislation, we undertake no
obligation to publicly update or revise forward-looking information,
whether as a result of new information, future events or otherwise.
Contacts:Salina Landstad
Manager, Public Relations & Corporate
Communications
(604)639-0135 / 1-888-669-4775
Troy Winsor
Manager, Investor Relations
1-888-225-9662
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