TSX-V: MDL VANCOUVER, Oct. 5 /CNW/ - Medallion Resources Ltd is pleased to announce that it has appointed David Fry as a director, subject to TSX Venture Exchange approval. The Medallion Board now consists of William H Bird, Donald M Lay, David A Haber, Roderick C McKeen and David Fry. David Fry has over 20 years business experience. For the past 14 years in his capacity as a consultant for companies in a number of industry sectors including mining, oil and gas and manufacturing, he has been extensively involved in corporate communications and corporate finance work. He started his career in the advertising industry working for Scali, McCabe, Sloves and McCann Erickson. Mr Fry obtained a Bachelor of Arts degree from the University of Saskatchewan. Medallion, under its stock option plan dated 13 September 2006, has granted David Fry options to purchase 100,000 common shares of the Company at 30 cents per share. The options are good for five years and are subject to regulatory approval. Medallion Resources Ltd (TSX-V : MDL) is a professionally managed Canadian publicly traded company exploring for precious and strategic metals in North America. The Company is presently exploring the Ocelot gold property, which is located 40 kilometres northwest of Austin, Nevada. Exploration work targets potentially deep, high-grade mineralization of the epithermal quartz-adularia gold-exploration model. Gold deposits such as Midas, Silver Cloud, and deeper portions of Sleeper and Grassy Mountain exemplify this model. Typical of the epithermal quartz-adularia gold model, the Ocelot property contains widespread occurrences of silicification, anomalous gold values and a quartz-adularia hot-springs system. The Ocelot property lies at the intersection of two major Nevada gold trends, the Independence - Crescent Valley Lineament and the Austin-Lovelock mineral belt. Both trends host significant gold deposits and the intersection of the two trends creates an excellent gold-exploration target. The Austin-Lovelock mineral belt is the next major Nevada mineralization trend west of, and parallel to the Battle Mountain - Cortez trend. ON BEHALF OF THE BOARD OF DIRECTORS "William H Bird", PhD, PGeo, President & CEO William H. Bird, PhD, PGeo, serves the Board of Directors of the Company as an internal, technically Qualified Person. Technical information in this news release has been reviewed by Dr Bird and prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. Company management, who take full responsibility for content, prepared this news release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.