Beaufield Resources Inc is pleased to announce the appointment of Mr. Peter G. White as an independent director of the Corporation subject to regulatory approval. The Board of Directors has granted incentive stock options to Mr. White to purchase up to an aggregate of 500,000 common shares in the capital stock of the Corporation exercisable for a period of 5 years at $0.29 per share.
After obtaining a B.A. (McGill) and a law degree (Laval), Mr. White was successively special assistant to the Hon. Maurice Sauvé, federal minister of forestry and rural development and to the Hon. Daniel Johnson, Premier of Quebec.
In 1969 with two partners he purchased the Sherbrooke Daily Record, followed by other dailies, and formed the Sterling Newspaper group, with papers in British Columbia, Saskatchewan and Prince Edward Island. Sterling Newspapers later became a wholly-owned subsidiary Hollinger Inc. Most of Hollinger’s Canadian newspapers were purchased by CanWest Global Communications Corp. in 2000.
From 1983 to 1986 Mr. White worked in Ottawa for Brian Mulroney as a member of his transition team and later as Special Assistant for Appointments. In March 1986 he returned to the private sector as chairman, president and CEO of Domgroup Ltd. (formerly Dominion Stores Ltd.) and Publisher of Saturday Night Magazine. In 1987 Mr. White became founding chairman of the Public Policy Forum.
From July 1988 to September 1989 Mr. White was Principal Secretary to the Rt. Hon. Brian Mulroney, Prime Minister of Canada. From September 1996 to December 1997, he was chairman of the PC Canada Fund, the fundraising arm of the Progressive Conservative Party of Canada.
In the voluntary sector, Mr. White is a former chairman of the Institute for Research in Public Policy (IRPP). He has been a trustee of the Fraser Institute, and has served on the Canadian Advisory Board of INSEAD. He was also co-chair of the Borderlines series of national consultations on Canada-U.S. relations from 2003 to 2005, and chairman of the board of trustees of the Schmeelk Canada Foundation from 2004 to 2008. Mr. White’s activities on the international scene were recognized in 1997 as he was named Chevalier de l’Ordre National de la Légion d’Honneur by the President of France for his efforts in developing stronger economic ties between the two countries as President of the Canada-France Business Club and long-time president and later chairman of the Canadian Institute of International Affairs.
Mr. White has been a director of many public companies over the years.
Beaufield has approximately $8 million in working capital, no debt and a promising portfolio of gold and base metal properties all located in the provinces of Quebec and Ontario. Beaufields 100% owned Opinaca gold property adjoins the Goldcorp Inc. Eleanore mine which is under development with a reported investment of 1.3 billion dollars. Beaufield has completed drilling on its 100% owned Tortigny zinc-copper-silver property. A 43-101 report has been contracted. Beaufield owns 3 other gold properties being explored by optionees.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. Actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control. These factors include: results and timing of exploration activities, general market and industry conditions and other risks disclosed in the Company’s filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. Depending on exploration results, the Company may at any point modify the suggested work program in this release.
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.