TSX-V: MDL VANCOUVER, Sept. 19 /CNW/ - Medallion Resources Ltd (TSX-V: MDL) announces that at its recent Annual General Meeting, shareholders voted in favour of all proposed resolutions including approval of the Company's stock-option plan and the election of the four-member Board of Directors. The new board consists of William H Bird, Donald M Lay, David A Haber and new member, Roderick C McKeen. Rod McKeen is a partner of Axium Law Corporation, a Canadian law firm that specializes in providing securities law, corporate finance, mergers and acquisitions and mining law advice to an international clientele of emerging companies. McKeen has 23 years experience in all aspects of advising mineral exploration and mining companies, including those listed on the Toronto, TSX Venture, American and London stock exchanges. In connection with the election of McKeen to the Board of Directors, the Company, under its Stock Option Plan dated 13 September 2006, has granted 100,000 incentive stock options, exercisable at $0.30 per share, for a term of five years. Medallion Resources Ltd (TSX-V: MDL) is exploring the Ocelot gold property, which is located 40 kilometres northwest of Austin, Nevada. Exploration 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 parallel to, and west of the Battle Mountain 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.