TORONTO, Aug. 16, 2007 (PRIME NEWSWIRE) -- Silver Dragon Resources Inc. (OTCBB:SDRG) is pleased to announce the appointment of Colin P. Sutherland as Chief Financial Officer and as a member of the Board of Directors. As Chief Financial Officer, Mr. Sutherland will be responsible for the overall management of the Company's consolidated financial reporting requirements.
Mr. Sutherland is a chartered accountant with extensive management and financial market experience, and also serves as President and C.E.O. of Nayarit Gold Inc. He was the former Chief Financial Officer of Gammon Lake Resources Inc. (TSX: "GAM"; AMEX: "GRS") and of Mexgold Resources Inc. (TSXV: "MGR"). During his three year tenure at Gammon Lake, Mr. Sutherland was (i) instrumental in placing the Ocampo Mine (gold and silver -- Chihuahua State, Mexico) into production and (ii) responsible for completing Gammon Lake's successful merger with Mexgold Resources, both of which significantly contributed to Gammon Lake's market capitalization increasing from $300 million to more than $2 billion.
"We are extremely pleased to have someone of Colin's caliber and background joining Silver Dragon as we continue to develop our resources with the intention of bringing our properties into full scale production, and growing the company to the next level. Colin's experience with corporate mergers and acquisitions, public accounting and finance, along with his experience within the precious metals sector, make him a valuable addition to our executive management team," commented Mr. Marc Hazout, President and Chief Executive Officer of Silver Dragon Resources, Inc.
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.