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GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
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Message: NEWS - Avalon Announces New Appointments and Grants of Incentive Stock Options

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NEWS - Avalon Announces New Appointments and Grants of Incentive Stock Options

posted on Aug 24, 07 05:00AM

No. 07-09

TORONTO, ONTARIO -- Aug. 24, 2007 - Avalon Ventures Ltd. (TSX VENTURE:AVL) (the "Company") is pleased to announce the appointments of Ms. Mary Quinn to the position of Corporate Secretary of the Company and Mr. Alan Ferry to the position of Chairman of the Board.

Ms. Quinn has over 25 years of combined experience in the legal sector and mining industry. She has served as Corporate Secretary for a TSX-listed junior mining company for the past 5 years and brings with her a wealth of knowledge of corporate and securities law and a strong commitment to maintaining good corporate governance and ethical business practices. Ms. Quinn will commence her duties on a full-time basis effective September 10, 2007.

Mr. Ferry has served as a director of the Company since February, 2001, and as Chairman will take on a more active role in strategic planning as the Company's business evolves from purely exploration through development to production. Mr. Ferry also serves as a Director of two other TSX-listed companies Guyana Goldfields Inc and Inter-Rock Minerals Inc. and recently joined Macusani Yellowcake Inc., a private uranium exploration company, as its Chairman. He is a geologist with 27 years experience in the securities business as a mining analyst and in corporate finance.

Ms. Quinn and Mr. Ferry have been granted an aggregate of 250,000 incentive stock options exerciseable at a price of $1.80 per share for a period of five years from the date of grant of the options. The options will vest at the rate of 25% per year. Any shares issuable on exercise of the options will be subject to a four month hold period beginning on the date of grant of the options.

About Avalon Ventures Ltd.

Avalon Ventures Ltd. (TSX VENTURE:AVL) is a Canadian junior mineral exploration and development company, with a primary focus on rare metals and minerals with high technology applications or offering environmental benefits. Avalon currently holds a portfolio of five such projects, including three that are at the feasibility stage. To find out more about Avalon Ventures Ltd. (TSX VENTURE:AVL), please visit our website at www.avalonventures.com. Shares Outstanding: 52,058,123. Cash resources: approximately $2.0 million.

This news release is available on the Company's official on-line investor relations site for investor commentary, feedback and questions. Investors are invited to visit the "Avalon Ventures" IR Hub at http://www.agoracom.com/ir/avalon. In addition, investors are invited to e-mail their questions and correspondence to AVL@agoracom.com or phone Don Bubar, P.Geo. President, at 416-364-4938. Mr. Bubar is the Qualified Person responsible for the technical content of this news release.

The language used in this News Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's forward-looking statements and expectations.