VANCOUVER, British Columbia, Feb. 22, 2007 (PRIME NEWSWIRE) -- Mr. Werner Grieder, Board Chairman of Irwin Resources, Inc. (Pink Sheets:IWRS), announced today that as the Company's continues its ongoing restructuring and evaluation of additional opportunities, the company is pleased to advise that Ms. Stacy Broadoway has accepted an appointment to the Board of Directors of Irwin Resources Inc.
Ms. Broadoway has extensive experience in the areas of corporate governance, deal structuring, inception and development of venture capital pools, mergers and acquisitions. Ms. Broadoway has consulted to over 24 public companies at the executive level, on regulatory compliance, business development as well as project management. She's has been directly involved with mining, oil and gas and high-tech ventures over the past seven years. Through Ms. Broadoway's vast experience and participation in workshops and training courses with the BC Securities Commission and the TSX Venture Exchange, Ms. Broadoway brings to the Corporation current and in-depth knowledge of regulatory issues faced by listed companies on both Canadian and U.S. stock exchanges.
To provide other avenues for investment and capital, and without any detrimental effects on the Company's U.S. or other country shareholders, the Company is contemplating structuring its West Bend Gold property into a wholly owned subsidiary and setting up for its Canadian investor, a "Flow Through Tax Shelter" and a "Super-Flow Through Tax Shelter." In short, an investment in the subsidiary will create a capital pool for exploration of the Company's property(s) while permitting the investor to write of the cost of his investment against other taxable income, thereby creating tax savings of up to about 46% depending on one's marginal tax rate, or greater, if the Super-Flow Though Program is available. Interested parties can contact the Company for more details on the availability of these opportunities
About Irwin Resources, Inc.:
Irwin Resources, Inc. is a junior resource company with offices in Vancouver, B.C., engaged in the acquisition, exploration and development of resources properties with the intent to prove up mineral deposits. See www.irwinresource.com
Safe-Harbor Statement: Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.