TORONTO, ONTARIO -- (Marketwire - Jan. 10, 2012) -
Olivut Resources Ltd. ("Olivut" or the "Company") (TSX VENTURE:OLV) announces the resignation of Dr. Leon Daniels as a director of the Board.
The Company appreciates the contributions Dr. Daniels has made over the past four years and looks forward to continuing a working relationship with him on a consulting basis as the Company develops its projects.
Olivut is a diamond exploration company with a 100% mineral interest in the HOAM Project in Canada's Northwest Territories and option agreements with Orosur Mining Inc. whereby Olivut may earn up to 80% interest in diamond prospecting and exploration licenses located in northern Uruguay, South America and with Latin American Minerals Inc. and certain of its Paraguayan subsidiaries to explore the Itapoty Diamond Project located in central Paraguay, South America. Please visit
www.olivut.com for detailed corporate and project information.
This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Leni Keough, P.Geo.
President and Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact
Olivut Resources Ltd.
Leni Keough, President and Chief Executive Officer
(780) 866-2226
www.olivut.com
