Vancouver, BC - Medallion Resources Ltd ("Medallion" or the "Company" - TSX.V: MDL) announces that it has appointed Mr. Andrew Morden to its Board of Directors. Mr. Morden brings over 20 years of finance, accounting and public-markets experience to the Company. In addition to serving as an independent director, he will chair the Audit Committee.
Mr. Morden is the CFO of The Internet Marketing Center. The Internet Marketing Centre is a private company that develops practical, cost-effective strategies and software that small- and home-based business owners can immediately apply to their online businesses. Mr. Morden was previously the CFO of Intrinsyc Software International, Inc. (TSX: ICS) and Digital Dispatch System Inc. (TSX:DDS). Mr. Morden also worked with Intrawest Corporation as the Vice President of Financial Planning and Systems and with KPMG as a Senior Manager in the Assurance and Corporate Finance practices. Mr. Morden holds a Bachelor of Commerce degree from the University of British Columbia and is a Chartered Accountant.
Medallion, under its stock-option plan dated 30 September 2008, has granted Andrew Morden, on 19 January 2009, options to purchase 130,000 common shares of the Company. These options may be exercised at a price of $0.15 per share until 19 January 2014. Mr Morden's appointment to the Board and the grant of his options are subject to regulatory approval.
ON BEHALF OF THE BOARD OF DIRECTORS
"William H Bird", PhD, PGeo
President & CEO
For Further Information, check the website www.medallionresources.com or contact
David Fry (888) 827-6611, e-mail
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