Post by Franko10 ™ on Jan 10, 2005 21:29:58 GMT -5
NEWS RELEASE TRANSMITTED BY BCE EMERGIS E-NEWS SERVICES FOR: ANGLO MINERALS LTD. CDNX SYMBOL: ALM September 17, 2001 Anglo Minerals Ltd. Corporate Update CALGARY, ALBERTA -- Anglo Minerals (CDNX : ALM). Todd Montgomery is pleased to announce his resignation as President, C.O.O. and Director of Synenco Energy Inc. Under a letter of agreement between Synenco Energy and Todd Montgomery, Mr. Montgomery has agreed to step down as President, C.O.O. and Director of Synenco Energy. Todd Montgomery will continue to be President and C.E.O. of Anglo Minerals and will be negotiating on behalf of Anglo Minerals with Synenco Energy pertaining to the Firebag Coal Project and the Northern Lights Oilsands Project. Anlgo Minerals Ltd. has 49% of the Firebag Coal and a 5% carried working interest through to Bankable Feasibility in the Northern Lights Oilsands Project. Synenco Energy has the right to buy out all of Anglo’s interest in both projects. Negotiations are ongoing and Anglo’s Management believes there should be a positive conclusion between these two companies. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Anglo Minerals Ltd. Todd Montgomery (403) 262-2727 (403) 266-5050 (FAX)
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