TORONTO, July 11, 2007 (PRIME NEWSWIRE) -- Silver Dragon Resources Inc. (OTCBB:SDRG) is pleased to announce the appointment of Mr. Sri Siva-Kumaran to be the Company's Controller. Mr. Siva-Kumaran will be responsible for the day-to-day administration and consolidation of the Company's worldwide financial statements.
Formerly of Lipton Wiseman Altbaum & Partners LLP, Chartered Accountants, Mr. Siva-Kumaran brings over 30 years experience in financial management, including financial modeling, GAAP consolidation, process engineering and corporate restructuring. He has over 10 years of mining experience, and his international exposure includes North America, South America, Europe, Africa and Asia.
Mr. Siva-Kumaran is a fellow member of the Chartered Institute of Management Accountants (UK).
"I am confident that Sri's impressive degree of accounting experience, together with his mining background will be highly beneficial to Silver Dragon Resources Inc.," said Marc Hazout, President and CEO. "He will be instrumental in the ongoing consolidation of our financials for the successful reporting and audit of our operations in China, Mexico, and North America, as well as the implementation of our new proprietary mining accounting software."
About Silver Dragon
Silver Dragon Resources Inc. is a mining and metal company focused on the exploration, acquisition, development and operation of silver mines in proven silver districts globally. Silver Dragon's objective is to acquire silver mining assets that contain promising exploration targets, have highly leveraged, out-of-the-money silver deposits, and/or are producing properties with significant untapped exploration potential. It is management's objective to grow Silver Dragon into a significant silver producer by developing the Cerro las Minitas and the Erbahuo projects in Mexico and China. For more information, please visit the Company's website at: www.silverdragonresources.com (now available in Chinese).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.