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TSX.V : VMI
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| | Thu May 3, 2007
Vault Minerals Appoints CFO and Industry Consultant
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| | Kirkland Lake, Ontario. Vault Minerals Inc. (TSX-V: VMI) ("Vault" or "the Company") announces the recent appointments of Ms. Tara Gilfillan, CA to the position of Chief Financial Officer and R.V. (Ray) Zalnieriunas, P.Geo as senior technical advisor to the Company.
Ms. Gilfillan is a chartered accountant with over fifteen years of experience in accounting, financial auditing, and senior management in a wide variety of privately held and public companies. She has experience in the mining industry in auditing and management roles. Her most recent position was Corporate Controller of Northgate Minerals Inc. Ms. Gilfillan obtained her CA designation in 1995 while working for PriceWaterhouseCoopers (formerly Price Waterhouse) and graduated with a commerce degree (B.Comm) from Queen's University in 1992.
Ms. Gilfillan replaces Ms. Kathy Reid, who is stepping down to pursue other business interests. Vault's President and CEO, Joe Horne, said: "The company and board thank Ms. Reid for her guidance and many contributions to Vault's development over the last few years. We are very pleased she will continue to consult to the company on a part-time basis."
Mr. Zalnieriunas is a well known and respected consulting geologist with 30 years of exploration experience. His background and specific talents are especially relevant to the further development of the Company's exploration projects.
Mr. Horne further commented: "We are enthused to have attracted such qualified personnel as Tara and Ray to our management team, and look forward to working with each in their respective capacities".
In conjunction with the appointments, the Company has granted 350,000 incentive stock options exercisable at $0.35 for a five-year period.
About Vault
Vault Minerals Inc. is a Canadian junior exploration company engaged in gold and base metal exploration in Ontario. Its principal properties include the Kirkland Lake and Lebel gold properties in Kirkland Lake and the Percy Lake VMS base metal property north of Sault Ste. Marie. The Company's capital consists of 28,051,093 issued and outstanding common shares which are listed for trading on the TSX Venture Exchange under the symbol 'VMI'.
On behalf of the Board of
VAULT MINERALS INC.
"Joe Horne"
Joseph D. Horne
President & CEO
For additional information, please visit our website at www.vaultminerals.com or contact Joe Horne, President, or Dan McCormack, P.Geo, Vice President at (705) 567 4511.
This Press Release may contain forward-looking statements that involve inherent risks and uncertainties. Actual events or results could differ materially from the Company's forward-looking statements and expectations, and the Company disclaims any obligation to update these forward-looking statements.
"The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release." |
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| | You can view the Next Press Releases item: Tue Jul 17, 2007, Vault Intersects Gold in Multiple Structures at Lebel
You can view the Previous Press Releases item: Thu Apr 26, 2007, Goldcorp to Commence Drilling on Vault Minerals' Lebel Gold Property
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