International Gold Resources Inc. ("IGR") (Pink Sheets:IGRU) is pleased to announce that Tim B. Acton has been appointed as IGR's NEW CEO. Mr. Acton brings 35 years of hardrock metal mining experience in the United States, Canada, Central Asia, Russia, Australia, Mexico, and Indonesia. Most recently, Mr. Acton spent ten years at Newmont Mining Corporation. His responsibilities included operations startup of a 40,000 tpd crushing and heap leach gold operation in Uzbekistan; Director of operations during the engineering, construction and operations startup of the 120,000 tpd Batu Hijau open pit mining and concentrating copper/gold project in Indonesia; Director of business development for Central Asia and Russia; Operations manager of mining in Australia; Director of operations and business development for Canada and Mexico; and Senior Manager underground operations in Nevada. Prior to Newmont, Mr. Acton was Senior Vice President for Freeport Indonesia where he was instrumental in expanding production at the Ertsberg/Grasberg complex from 20,000 to 100,000 tpd from several underground and surface mines. Acton began his career with Magma Copper Company at their 60,000 tpd underground copper mine in San Manuel, Arizona. Mr. Acton holds a Bachelor of Science degree in Mining Engineering from the University of Arizona, Tucson, Arizona. �IGR has exciting assets in Brazil and the Yukon with tremendous potential. I look forward to helping IGR become one of the more significant exploration and development companies in the gold sector,� said Acton. �Tim Acton adds a great deal of depth and experience to the IGR management team,� said Roland Vetter, President and Chief Financial Officer. �His broad knowledge of the mining industry and his specific international experience are a good match for IGR and will greatly enhance our efforts at advancing exploration projects in North and South America.� �Over the next 60 days, I will work with IGR to strengthen our Board of Directors and management team,� said Acton. About International Gold Resources, Inc. The vision of International Gold Resources Inc. is to maximize shareholder value by acquiring and developing early stage gold exploration projects. The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
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