HASTINGS RESOURCES CORP.
FOR IMMEDIATE RELEASE
Wednesday, February 20, 2008
(No.
2008-02-01)
Contact:?????
????????????????? Investor Relations
Phone (604) 684-2181
info@hastingsresourcescorp.com
Hastings
Resources Announces Name Change
Vancouver, British Columbia ?
February 20, 2008? Hastings Resources Corp. (TSX Venture Exchange: HAS;
Frankfurt Stock Exchange: GQ4), is pleased to announce that the
Company has changed its name from Garnet Point Resources Corp. to Hastings
Resources Corp.? The Company will
commence trading under its new name and symbol, HAS, at the open on February
21, 2008.? There is no consolidation of
share capital.
Hastings
Resources Corp. is a Canadian public company focused on the
exploration and discovery of uranium and associated molybdenum, tungsten, tin,
and tantalum in BC, Canada.?
The
Rossing project is a regional exploration program focused on the discovery of
new intrusive hosted deposits of uranium and associated lithophile metals,
including molybdenum, tungsten, tin, and tantalum.? The project consists of 19 separate
properties and a total of 41,377 Ha of mining claims.? The northern property package is located
about 100 km east of Adanac Molybdenum Corp.?s Ruby Creek project, which hosts
220 million pounds of molybdenum.
The
Company?s exploration programs are supervised by James M. Dawson, P.Eng., a
Consulting Geologist and a Qualified Person as defined by National Instrument
43-101.?
Mr.
Dawson?s recent experience includes designing, implementing and managing a
regional exploration project for Wealth Minerals Ltd. (TSXV:WML), which has resulted in two major uranium
discoveries in Argentina.
He also acts as a director of Minefinders Corporation (TSXV:MFL), which has a
large gold-silver resource in Mexico,
currently being brought into production.
Clive Aspinall, P.Eng managed the exploration of the
company?s northern B.C. properties during August and September.? Mr. Aspinall worked as geological assistant
with Mobil of Canada in Libya
while living in East Africa.? He completed geological studies at McGill
(B.Sc), and later at Camborne School of Mines (M.Sc) in the UK.?
During the late 1960?s he co-discovered and staked
the Ruby Creek (Adanac) molybdenum property, for Canadian Johns-Manville Co.
Ltd. In the 1980?s he helped co-discover the Twin Zone on the Snip Gold
property for Cominco Ltd., which became a lucrative gold mine during the early
1980s.? Also, during the 1980s he
co-discovered the Al Jalamid phosphate deposit, possibly one of the world?s
largest known deposits of this type, as well as a bauxite deposit near the
Saudi-Iraq border when contracting to the current Saudi Arabian Geological
Survey.?
He was member of the Rio Tinto Zinc geological team
who discovered the Kelian Gold Mine in the jungles of Kalimantan
in late 1970?s. Based in Whitehorse YT
and Atlin BC, he
is currently active in Argentina
and NW-BC searching for mineral deposits in relatively un-explored areas.?
ON BEHALF
OF THE BOARD OF DIRECTORS
