Ely Appoints John Brownlie as Chairman and Trey Wasser as CEO and President
October 28, 2010
Ely Gold & Minerals Inc. (the "Company") is pleased to announce that
all the resolutions proposed at its Annual General Meeting of
shareholders of the Company held on October 22, 2010 were duly passed.
Shareholders approved the Company's new stock option plan, which allows
for the grant of options equal in number to 10% of the shares of the
Company outstanding from time to time, and elected John Brownlie, Trey
Wasser, and Ronald Husband to the board of directors.
At a meeting of the board of directors following the AGM, John Brownlie
was appointed Executive Chairman of the Board, Trey Wasser was appointed
CEO and President, and Scott Kelly was appointed Corporate Secretary
and was re-appointed as CFO, while Stephen Kenwood was appointed to the
Company's board of directors.
Ely is focused on acquisition and development of gold resources in the
Americas. The Company is currently evaluating near term production
assets with a partnership business model focused on cash flow.
On Behalf of the Board of Directors
Signed "Trey Wasser"
Trey Wasser, President
For further information, please contact Ely Gold & Minerals Inc. at 604-488-1104.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the 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.