VANCOUVER, British Columbia – (August 7, 2009) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announce an addition to the Board of Directors of the company as well as management changes within the company.
Mr. Ken Thorsen has been appointed by the Board of Directors as the new Chairman of the Board and has resigned as President and Chief Executive Officer. Mr. Thorsen continues to manage Oroco’s exploration and development of the Cerro Prieto project and this new appointment will allow him to devote his time more specifically to this and the company’s other resource projects.
Mr. Craig Dalziel has been appointed to the Board of Directors and will become the new President and Chief Executive Officer. Mr. Dalziel brings over 25 years of financial and investment experience to the company, most recently as President and a Director of ATM Mining Corp., a British Columbia resource management company which founded both Oroco Resource Corp. and Northern Rand Resource Corp. Northern Rand is a TSX-V listed company of which Mr. Dalziel is currently President and Chief Executive Officer.
Mr. Stephen Leahy has resigned his position as Executive Chairman and will remain as a director of and financial consultant to the company.
These changes and additions to management will assist in the execution of the strategy of the company, which remains the accelerated development of the Cerro Prieto precious and base metal resource in northern Sonora, Mexico. As a part of that strategy, the company has recently commenced an 8000 meter drill program with the initial goal of expanding resources to the north of the existing (indicated) resource of 297,000 ounces of oxide gold.
For further information, please contact:
Mr. Craig Dalziel, President and CEO
Oroco Resource Corp.
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.