BELLINGHAM, Wash., Nov. 29, 2007 (PRIME NEWSWIRE) -- Chanaral Resources Inc. (Pink Sheets:CRLR) (Frankfurt:BYH) is pleased to announce the addition of Mr. David Cadwell to its Advisory Board effective immediately.
Mr. Cadwell brings over 40 years of geological and mining experience to the Company. He has worked on projects throughout Latin America, Australia, Asia and the Middle East, primarily in the exploration of porphyry copper as well as precious and industrial mineral exploration and development. His work has involved the design and implementation of broad exploration programs, management of project development from discovery through the development and feasibility stages to construction and initial operations. His operational experience also includes involvement in negotiations with governmental, international and local organizations, and labour and contractual groups.
During the course of his career, Mr. Cadwell has worked as Manager and Geologist of Asarco Inc., as well as a number of the company's subsidiaries. He has also worked for Anaconda Inc., Gold Fields PLC, Petrohue Alternative, and Outokumpu Oy in similar capacities.
Mr. Cadwell graduated from the University of Montana in 1961 with a BSc in Mining and Geological Engineering and currently resides in Panama.
Jan Olivier, President and CEO of Chanaral Resources commented, "We are very fortunate that a seasoned Geologist like Mr. Cadwell has accepted our request to serve on our Advisory Board. He has invaluable experience, and he also has intimate knowledge of the Company's property located near El Salado, Chile having explored it extensively in 1999 while employed with Asarco Inc."
Safe Harbour Statement Under the Private Securities Litigation
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.