Post by Franko10 ™ on Mar 18, 2005 20:26:05 GMT -5
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News Release - Friday, March 18, 2005
Kensington Resources Appoints James Rothwell as Chairman and
Moves Head Office To Vancouver
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Vancouver, B.C., Friday, March 18, 2005 -- The Board of Directors of
Kensington Resources Ltd. (the "Company") is pleased to announce that
James (Jim) Rothwell has accepted the position as Chairman of the Board
of Directors. Mr. Rothwell has served as a Director since June 2002 and
will fill a role that has previously not been held at Kensington
Resources.
Mr. Rothwell served as President and CEO of Dia Met Minerals Ltd. from
2000 to 2001 and worked for BHP Minerals between 1986 and 2000 where he
held the position of President of BHP Diamonds from 1997 to 2000. Mr.
Rothwell led BHP's entry into the diamond industry via development of
the EKATI Diamond Mine in the Northwest Territories, Canada's first
producing diamond mine.
"Jim (Rothwell) brings tremendous insight and knowledge of the diamond
resource industry," says Robert A. McCallum, President and CEO of
Kensington Resources Ltd. "We are pleased that he has accepted this
position and appreciate the value that his experience will contribute
to our company as we enter a period of increased activity and growth."
The Company is also pleased to announce that it has moved its
headquarters to Vancouver, British Columbia. The office is located in
the heart of Vancouver's financial district. The Company will also
maintain an exploration office in Saskatoon, Saskatchewan.
The Company further reports the granting of 40,000 stock options
exercisable at a price of $2.75 per share for a five-year period to a
director and officer and employee of the Company.
Kensington Resources Ltd. is an exploration and mine development
company currently focused on the high potential Fort à la Corne Diamond
Project in Saskatchewan. The management team includes strong technical
expertise and is committed to reaching a diamond producer status for
the realization of shareholder value. The Fort à la Corne Diamond
Project is a joint venture among Kensington Resources Ltd. (42.245%),
De Beers Canada Inc. (42.245%), Cameco Corporation (5.51%) and UEM Inc.
(carried 10%). After fifteen years of exploration at Fort à la Corne,
the joint venture partners are now entering into an accelerated
results-driven advanced exploration and evaluation phase targeted on
reaching a pre-feasibility decision in 2008. The Fort à la Corne
Diamond Project includes 63 identified kimberlite bodies within the
largest diamondiferous kimberlite cluster in the world.
Robert A. McCallum, President & CEO
Kensington Resources Ltd.
Suite 2100, P.O. Box 11606
650 W. Georgia Street
Vancouver, British Columbia, CANADA V6B 4N9
Tel: 1-800-514-7859 or (604) 682-0020
Fax: (604) 682-0021
Website: www.kensington-resources.com
E-Mail:rob-mccallum@kensington-resources.com
TRADING SYMBOL: KRT-TSX.V
For further information, please contact:
Mel Gardner, Manager Investor Relations
Tel: 1-800-710-6083
E-mail: mel-gardner@kensington-resources.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
=======================================================================
Copyright (c) 2005 KENSINGTON RESOURCES LTD. (KRT) All rights
reserved. For more information visit our website at
www.kensington-resources.com/ or send
mailto:info@kensington-resources.com
Message sent on Fri Mar 18, 2005 at 3:45:11 PM Pacific Time
=======================================================================
News Release - Friday, March 18, 2005
Kensington Resources Appoints James Rothwell as Chairman and
Moves Head Office To Vancouver
=======================================================================
Vancouver, B.C., Friday, March 18, 2005 -- The Board of Directors of
Kensington Resources Ltd. (the "Company") is pleased to announce that
James (Jim) Rothwell has accepted the position as Chairman of the Board
of Directors. Mr. Rothwell has served as a Director since June 2002 and
will fill a role that has previously not been held at Kensington
Resources.
Mr. Rothwell served as President and CEO of Dia Met Minerals Ltd. from
2000 to 2001 and worked for BHP Minerals between 1986 and 2000 where he
held the position of President of BHP Diamonds from 1997 to 2000. Mr.
Rothwell led BHP's entry into the diamond industry via development of
the EKATI Diamond Mine in the Northwest Territories, Canada's first
producing diamond mine.
"Jim (Rothwell) brings tremendous insight and knowledge of the diamond
resource industry," says Robert A. McCallum, President and CEO of
Kensington Resources Ltd. "We are pleased that he has accepted this
position and appreciate the value that his experience will contribute
to our company as we enter a period of increased activity and growth."
The Company is also pleased to announce that it has moved its
headquarters to Vancouver, British Columbia. The office is located in
the heart of Vancouver's financial district. The Company will also
maintain an exploration office in Saskatoon, Saskatchewan.
The Company further reports the granting of 40,000 stock options
exercisable at a price of $2.75 per share for a five-year period to a
director and officer and employee of the Company.
Kensington Resources Ltd. is an exploration and mine development
company currently focused on the high potential Fort à la Corne Diamond
Project in Saskatchewan. The management team includes strong technical
expertise and is committed to reaching a diamond producer status for
the realization of shareholder value. The Fort à la Corne Diamond
Project is a joint venture among Kensington Resources Ltd. (42.245%),
De Beers Canada Inc. (42.245%), Cameco Corporation (5.51%) and UEM Inc.
(carried 10%). After fifteen years of exploration at Fort à la Corne,
the joint venture partners are now entering into an accelerated
results-driven advanced exploration and evaluation phase targeted on
reaching a pre-feasibility decision in 2008. The Fort à la Corne
Diamond Project includes 63 identified kimberlite bodies within the
largest diamondiferous kimberlite cluster in the world.
Robert A. McCallum, President & CEO
Kensington Resources Ltd.
Suite 2100, P.O. Box 11606
650 W. Georgia Street
Vancouver, British Columbia, CANADA V6B 4N9
Tel: 1-800-514-7859 or (604) 682-0020
Fax: (604) 682-0021
Website: www.kensington-resources.com
E-Mail:rob-mccallum@kensington-resources.com
TRADING SYMBOL: KRT-TSX.V
For further information, please contact:
Mel Gardner, Manager Investor Relations
Tel: 1-800-710-6083
E-mail: mel-gardner@kensington-resources.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
=======================================================================
Copyright (c) 2005 KENSINGTON RESOURCES LTD. (KRT) All rights
reserved. For more information visit our website at
www.kensington-resources.com/ or send
mailto:info@kensington-resources.com
Message sent on Fri Mar 18, 2005 at 3:45:11 PM Pacific Time
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