December 8, 2008 - Saskatoon, Saskatchewan. Star Uranium Corp. (SUV-TSX Venture), Shane Resources Ltd. (SEI-TSX Venture) and United Uranium Corp. (UUC-TSX Venture) (collectively the “Corporations”) are pleased to announce that Mr. Kyle Kozuska, CIM, CFA has been appointed as Interim President and Chief Executive Officer.
Mr. Kozuska stated: “My focus as Interim President will be in defining the best options and strategy for all of our land interests. We are securely financed and continue to focus on conserving shareholder capital. I look forward to updating shareholders with our progress.” Mr. Kozuska is the President and Portfolio Manager of Paradigm Portfolio Management Corporation, as well as a director of each of the Corporations. Mr. Kozuska graduated from the University of Saskatchewan with a Bachelor of Commerce with a double major in Finance and Economics. Mr. Kozuska worked in the investment management business at both CIBC Wood Gundy, and Merrill Lynch Canada Inc. (formerly Midland Walwyn), before founding Paradigm Portfolio Management Corporation.
Caution Regarding Forward-Looking Statements Certain statements in this press release may contain “forward-looking statements” within the meaning of securities legislation. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. All forward-looking statements contained in this press release are based on the Corporations’ current beliefs as well as assumptions made by and information currently available to the Corporations concerning exploration plans, development, strategies and mining activities. When relying on our forward-looking statements to make decisions with respect to the Corporations, investors and others should carefully consider the foregoing. Star and United do not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Corporations or on their behalf. More information about risks and uncertainties affecting the Corporations and their business is available in the Corporations’ regulatory filings which are posted on sedar at www.sedar.com.
are pleased to announce the appointment Derrek Fahl as a director of the Corporations. Derrek Fahl, B.Comm, LL.B, is a director of Wallace Meschishnick Clackson Zawada LPC. Derrek graduated from the University of Saskatchewan with a Bachelor of Commerce and a Bachelor of Laws. Derrek is a member of the Law Society of Saskatchewan. His legal practice focuses on corporate finance and mergers and acquisitions.
The Corporations are also announcing that Mr. Eric Wray has resigned as director of the Corporations for personal reasons effective immediately, and wish to express their gratitude for his contributions to the Corporations and wish him success in his future endeavors.
announced today that Mr. Eric Wray has resigned as President and CEO of the Corporations for personal reasons effective immediately. The Corporations would like to thank Mr. Wray for his past contributions.
The Corporations expect the appointment of an interim President and CEO will occur shortly.
The Corporations are Canadian based entities focused on the strategic acquisition and development of uranium, diamond and other precious metal properties on a worldwide basis.
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