Pitchstone
Engages Investor Relations Firm
Pitchstone Exploration Ltd. (TSX-V: PXP; ?Pitchstone?)
is pleased to announce that it has retained JNS Capital Corp. (JNS) to provide
investor relations services. The specific services will be provided by
Jag Sandhu, President of JNS. Mr. Sandhu has a B.A. in economics and has
held positions of vice president corporate development and finance with several
Canadian public companies.
The role
of JNS will be to improve shareholder communications for Pitchstone and expand
its field of potential investors. Steve Blower, President of Pitchstone,
commented that ?with the large amount of drilling and other exploration
activities we?re undertaking in Canada
and Africa this year, it is important that
investors be kept up to date with clear and regular communication. Jag
will help us to be more focused on achieving that.?
JNS is a Vancouver
based investor relations firm specializing in capital market solutions for
junior mining companies. In consideration of the services to be provided,
Pitchstone will pay JNS $5,000 per month and issue 80,000 share purchase
options exercisable for a period of five years at an exercise price of $1.07
per share. The initial term of the contract is one year and either party
may terminate the arrangement with 30 days notice.
Pitchstone
is actively exploring for uranium in four proven districts. The property
portfolio features ten projects in the eastern Athabasca
Basin, Saskatchewan, five
of which are joint ventured with Uranium One Inc. and five being 100%
owned. In addition, there are four joint venture projects with
Triex Minerals in the Hornby Bay Basin, Nunavut, an exploration partnership
with Cameco and Motapa Diamonds in the Franceville Basin, Gabon, and an option
on three projects in Namibia.
Pitchstone has a unique group of geologists with extensive uranium
exploration and production experience.
On behalf
of the Board,
E.A.G.
(Ted) Trueman, CEO and Director
For further information contact: Steve Blower,
President, (604) 630 5563,
Mark T. Brown, CFO, (604) 687 3520, or see www.pitchstone.net
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 assumptions,
estimates, and other forward-looking statements regarding future events.
Such forward-looking statements involve inherent risks and uncertainties and
are subject to factors, many of which are beyond Pitchstone?s control, that may
cause actual results or performance to differ materially from those currently
anticipated in such statements.
Claire Stewart
Office Manager
Pitchstone Exploration Ltd.
315 -
1100 Melville Street
Vancouver BC V6E
4A6
Ph.: 604 630-5563
Fax: 604 630-5564
e-mail: cstewart@pitchstone.net
www.pitchstone.net