TORONTO, Jan. 31, 2005 (PRIMEZONE) -- Canary Resources, Inc. ("Canary") (Pink Sheets:CYRR), a coalbed methane (CBM) company, is pleased to announce that effective at the market open on Jan. 31, 2005 the trading symbol for the company has changed from SKHR to CYRR.
James Beatty, CEO of Canary Resources, Inc. commented, "The new symbol better reflects the focus of the Company -- coalbed methane development. Canary is committed to building long-term shareholder value."
THIS NEWS RELEASE DOES NOT CONSTITUTE ANY OFFER OF ANY SECURITIES FOR SALE.
About Canary Resources Inc.
Canary Resources Inc. was incorporated under the laws of the State of Delaware, for the purpose developing its acreage in Coalbed Methane Gas. Canary Resources Inc. is a coalbed methane company which is developing over 75,000 acres in the Forest City Basin in Kansas and Missouri. Coalbed methane (CBM) is natural gas or methane that occurs in coal beds and has been generated during the conversion of plant material to coal. Although minor differences in geologic conditions alter production methods, coalbed methane is transported, sold, and used in a similar way to natural gas produced from conventional gas and petroleum fields.
NOTE TO EDITORS: If you would like additional information on Canary Resources Inc, please view Canary Resources Inc at our website at www.canaryresources.com. To receive an Investor Kit or additional information for Canary Resources, or to join the company's mailing list, please contact Investor Relations Department at 416-867-8083 or by emailing investors@canaryresources.com .
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends""potential" and similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition or alteration.