GREENWOOD VILLAGE, Colo., Jan. 13, 2004 (PRIMEZONE) -- Calais Resources Inc. (OTCBB:CAAUF) herein, the "Company" is pleased to announce the results of its annual general meeting of December 18, 2003 and update shareholders on recent initiatives of the Company aimed at providing strong management and support for the Company through the new year.
Shareholders present at the meeting and voting by proxy approved the election of management's nominees, being Tom Hendricks, Art Daher and Mel Martin, as the Directors of the Company for the ensuing year and also confirmed the appointment of KPMG LLP as the Company's auditor. Management is appreciative of the support of shareholders who attended the meeting and those shareholders that submitted their proxy for voting.
Subsequent to the annual general meeting, the newly elected directors of the Company confirmed the appointment of Tom Hendricks as President and Chief Executive Officer, Matt Witt as Chief Financial Officer and Corporate Secretary and Bob Akright as Vice President, Exploration.
The Company has consolidated all of its head office support and services at its new Greenwood Village, Colorado office. The Company has also changed its registered and records office to, and retained for Canadian corporate and securities law purposes the services of, Getz Prince Wells, Barristers & Solicitors of Vancouver, British Columbia. The law firm of Burns, Figa and Will of Denver, Colorado acts as outside counsel to the Company.
The Company has also ended its relationship with CIBC Mellon Trust. Pacific Corporate Trust Company, 10th Floor, 625 Howe Street, Vancouver, British Columbia V6C 3B8 (Telephone: (604) 689-9853; Facsimile: (604) 689-8144) has been appointed Canadian registrar and transfer agent in accordance with British Columbia corporate law.
The Company has undergone significant changes over the past six months and management continues to work diligently to seek further financing and commence a 2004 exploration program on the Consolidated Caribou Mines District gold and silver project in Colorado, its Faja de Oro gold project in the Republic of Panama, and its Nevada Manhattan gold project in Nye County, Nevada.
Safe Harbor
The future conduct of the company's business and its response to issues raised by third parties are dependent upon a number of factors, and there can be no assurance that the company will be able to conduct its operations as contemplated. Certain statements contained in this release using the terms "may", "expects to", "projects", "estimates", "plans", and other terms denoting future possibilities, are forward-looking statements in accordance with the Private Securities Litigation Reform Act of 1995. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks that are beyond our ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. The risks include, but are not limited to, the risks described in the above press release; those risks set out in the company's disclosure documents and its annual, quarterly and current reports; and the other risks associated with start-up mineral exploration operations with insufficient liquidity, and no historical profitability.