WINNIPEG, Manitoba, July 16, 2008 (PRIME NEWSWIRE) -- Mainstream Minerals Corporation (TSX-V:MJO) is pleased to announce the appointment of Mr. Lawrence Shewchuk to the position of President & Chief Executive Officer. Mr. Shewchuk has been a director of the Corporation since his appointment to the Board of Directors on May 28th, 2008. His appointment as a director was recently approved by the TSX Venture Exchange.
Mr. Shewchuk replaces Mr. Neil Sullivan, B.A., LLB., who was appointed as the Corporation's interim President & CEO on September 15th, 2007. That interim appointment was subsequent to the sudden passing of Mr. Gerald Colborne, President & CEO on July 28th, 2007.
Going forward, Mr. Sullivan will continue serving the Corporation, both as a director and as a member of the Board's various committees. The Board of Directors would like to express its gratitude to Mr. Sullivan for his ongoing dedication and service to the Corporation.
Mr. Lawrence Shewchuk
Mr. Shewchuk is a businessman, community leader and longtime resident of Red Lake, Ontario. Since the late 1960s, he has owned, and still operates, many successful private commercial enterprises in the Red Lake area, including one that was involved in the acquisition and disposition of mining claims. For 22 years, he was a licensed commercial and residential realtor and appraiser. He is currently the owner and operator of the Norseman Inn and The Red Lake Inn, both of which are located in Red Lake and are major suppliers of board and lodging services to the mining industry. His other enterprises include equipment storage and core cutting facilities. For 5 years, he was the chairman of the local Red Lake school board. Mr. Shewchuk is also a director of King's Bay Gold Corporation (TSX-V:KBG).
About Mainstream Minerals
Mainstream Minerals Corporation is a mineral exploration and development company focused on precious metal mining properties with economic potential, with the aim of bringing such properties to commercial production. The Company's portfolio of properties is primarily located in the prolific Red Lake Gold Camp of Northwestern Ontario. The properties include - (i) 50% of the Bobjo Mine project, (ii) 50% of the Phyllis Lake project, (iii) 50% of the Woman Lake North of South Bay project and (iv) 100% of the Stake Lake project.
MJO Shares Outstanding: 18,031,087
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe MJO's future plans, objectives or goals, including words to the effect that MJO's management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.