Mar. 3, 2011 (TheNewswire.ca) --
Windstorm Resources Inc. (TSX-V: WSR, "Windstorm" or "the Company") is pleased to announce the appointment of Mr. Roman Friedrich III as director and Audit, Governance and Compensation Committees Chair.
Mr. Friedrich has been an investment banker and commercial banker for over thirty years, specializing in service to the mining and metals industries, with particular emphasis on Mexico and South America. He is Senior Managing Director and head of Metals and Mining Investment Banking at McNicoll Lewis & Vlak ("MLV"), a New York based investment bank. Immediately prior to joining MLV in September 2010, Mr. Friedrich managed Roman Friedrich & Company ("RFC"), a boutique investment banking firm specializing in M&A advisory to the mining industry. Before founding RFC, he was the Managing Director at TD Securities responsible for its global mining M&A business. Over his career, he has provided numerous companies with advice on acquisitions, mergers and divestitures, as well as providing valuations and fairness opinions to companies in the mining, metals and other industries. His investment banking activities have included the raising of equity and debt capital and the arranging of project finance. Mr. Friedrich serves as a Director of the Board of Trustees of several NYSE listed closed end mutual funds including Claymore Dividend and Income Fund and Claymore/Guggenheim Strategic Opportunity Fund, in addition to serving as a member of the Independent Review Committees and independent Director of the family of Canadian closed end mutual funds and ETFs managed by Claymore Investments Inc. listed on the TSX. Mr. Friedrich holds a B.A. from Rutgers University and attended business school at New York University.
"We are delighted that Roman has agreed to join our Board of Directors. Roman's wealth of experience will serve Windstorm well as we continue to advance and strengthen the Company" said Dr. Gerald Carlson, President and C.E.O.
The Company has granted Mr. Friedrich incentive stock options to purchase up to 165,000 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.42 per share. These options are subject to a four-month hold period.
Mr. Friedrich replaces outgoing director Mr. Sean Hurd. The Company wishes to thank Mr. Hurd for his contributions to the growth and success of the Company.
About Windstorm Resources Inc. (TSXV:WSR)
Windstorm Resources is a new company focused on precious metals exploration in North America, led by an industry-renowned management team with technical expertise and market experience. Windstorm's Caldera project is highly prospective for the discovery of high sulphidation epithermal gold mineralized system with the potential to host a bulk tonnage gold deposit. Management will continue to evaluate quality drill-ready prospects aiming to build an attractive portfolio of gold and silver projects offering multiple opportunities for discovery success. Windstorm is a member of the Grosso Group, a management company specializing in resource exploration for over 18 years.
ON BEHALF OF THE BOARD
"Gerald Carlson"
_______________________________
Dr. Gerald Carlson, President & CEO
For further information please contact:
Corporate Communications Tel: 1-604-687-1828 Toll-Free: 1-800-901-0058
Email: info@windstormresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits (TSX:MDM) (OOTC:MNLDF) on adjacent properties are not indicative of mineral deposits on our properties.
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