Reliance Appoints Andrew Wilson as New Director

Thursday, 16 February 2012 08:33

Written by Hans GN

VANCOUVER, Indonesia Today - Reliance Resources Limited (TSX: RI), an Indonesian gold explorer, with a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia, announced the appointment of Andrew Wilson as a director of the company, a former BHP Billiton Indonesia President Director.

Wilson brings great Indonesian insight to the Reliance Resources board. He was President Director of BHP Billiton Indonesia based in JAKARTA from 2000 to early 2008 and was also a Director of the Indonesian Mining Association.

Wilson has a Bachelor of Laws and Bachelor of Commerce (Marketing) from the University of NSW, a Masters of Laws from the University of SYDNEY, and has been a member of the Law Society of NSW since 1986. He commenced his legal career at Allens Arthur Robinson before becoming the Legal Manager and Company Secretary at BHP Engineering Group, where he undertook various commercial and risk management roles.

Wilson is a former director of Herald Resources Ltd and former Chairman of Lifestart, a charity assisting children with disabilities and a current director of Robust Resources Ltd and GTL Energy Ltd. He is a Fellow of the Australasian Institute of Mining and Metallurgy, and a Graduate and Fellow of the Australian Institute of Company Directors.

In addition, the company has created an advisory board to continue to assist in its growth in Indonesia. Gil Leathley who is stepping down as a director of Reliance, to devote more time to his duties at Nova Gold (NG.TSX) has agreed to serve in the advisory board.

The Company also announces the granting of director and officer stock options for the purchase of up to 5,475,000 shares, at a price of $0.25 per share, exercisable for 4 years.

The company is active on three of its five Indonesian gold projects; currently preparing for Phase 2 drilling on the Tanoyan Gold Project and conducting surface exploration programs, in preparation for drilling, on the Kapa Kapa Gold Project and the Roko Gold Project. (Indonesia Today)

» CUE Reports Above-expectation Oil Production at Oyong Field

Theindonesiatoday.com - CUE Energy Resources Limited announced on Friday (April 29) that oil production continued in Oyong and Wortel Fields. In Oyong total rate of 3.000 BPOD which is above the original forecast rate.

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