HONG KONG, Aug. 19, 2010 (GLOBE NEWSWIRE) -- Element92 Resources Corp. (OTCBB:ELRE) announced today that the has State of Wyoming has accepted the Amended Articles changing the name of the Company to Yinfu Gold Corporation. The Company will now proceed to take the necessary steps to change our CUSIP number and OTCBB Trading Symbol. The Company is currently developing a website (www.yinfugold.com) to reflect the new opportunities and direction.
Additionally, the Company announced that is has appointed Daniel Huang as the Company's Chief Geologist. Mr. Huang has 30 years of technical and business experience in the mineral resources industry. He has been responsible for base metal and gold exploration and mineral property acquisition for several junior Canadian mining companies in China and with two Australian geological service companies to provide independent reports for companies involved in initial public offerings. His nine-year experience with the China Ministry of Land and Resources involved mineral resources assessment and provided him with first-hand knowledge of the Chinese mining industry system and personal networks.
Mr. Huang holds a bachelor's degree in geology from Hebei Geological Institute in China and a master's degree of geology from the University of Hawaii, United States. He also spent two years as PhD pre-candidate for mineral economics in the geological department of Queen's University, Canada.
Daniel Mckinney, Yinfu Gold's CEO, commented, "we are most pleased at the addition of Mr. Huang to our executive team. He brings excellent credentials as well as many years of experience and will be leading the due diligence process of our many gold mine acquisition opportunities for the Company."
Yinfu Gold Corporation is a mineral exploration and mining company incorporated in the State of Wyoming. The Company owns two gold mines in Shandong China and holds options on 14 mineral claims located in Huddersfield Township and Clapham Townships in the Province of Quebec, Canada. Yinfu Gold trades on the OTCBB under the symbol "ELRE." The transfer agent is Transfer Online, Inc. of Portland, Oregon.
Forward-Looking Statements
Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, which could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.