GoviEx Uranium Appoints International Business Executive Jean Lamarre as New Chairman of the Board

MONTREAL, QUEBEC--(Marketwire - Jan. 24, 2011) - Govind Friedland, founder and Chief Executive Officer of GoviEx Uranium, announced today that Jean Lamarre, a GoviEx director for the past three years and an international business executive, has been appointed Chairman of the GoviEx Uranium Board.

"With our projects now steadily advancing through the exploration stages toward development, Jean Lamarre's extensive experience helping senior management in their efforts to build successful mining companies, as he's done as the Executive Chairman of West African gold miner SEMAFO, a shareholder of GoviEx, will significantly benefit the board and contribute to the continued growth of our company," Mr. Friedland said.

"Jean shares our vision that GoviEx can emulate SEMAFO's example and establish itself as a successful and responsible mining company in West Africa. His international construction and engineering knowledge gained in guiding projects from concept to reality -- especially in Niger, where he has been active for more than 40 years -- will prove to be a huge asset for GoviEx." 

In addition to his position on the GoviEx board, Mr. Lamarre is President of Lamarre Consultants, a family company he founded in 1995 that specializes in strategic business development and financing. He also sits on numerous boards in Canada and West Africa. Mr. Lamarre previously served as Chief Financial Officer of the Canada-based Lavalin Group (now SNC-Lavalin), one of the world's largest construction and engineering firms. He also was International Vice President of Canam-Manac Group, an important structural steel company, where he supervised operations in China, France, Mexico and Venezuela.

Mr. Lamarre succeeds Sir Sam Jonah, who served as chairman of GoviEx for three years until his resignation from the board last November for personal reasons. Sir Sam remains a substantial minority shareholder in the company and prior to departing exercised all of his stock options, which generated more than US$900,000 for the GoviEx treasury.

GoviEx Uranium is a private company focused on the exploration and development of uranium tenements in Niger.