Quaterra Appoints Director
Mr. Wilkes recently retired as president of Washington Group International’s Mining Business Unit. As leader of this group he participated in many developing mining projects throughout the world, including Latin America, Canada, Europe and the United States .
Mr. Wilkes was also the chief operating officer of Santa Fe Pacific Gold Corporation during the expansion of its Nevada operations. He was also involved in the development of such projects as Greens Creek, Alaska; Stillwater, Montana; and Las Pelameres in Chile, while serving as senior vice president of Business Development for Anaconda Minerals.
Mr.Wilkes is a graduate mining engineer from the Montana School of Mines.
Quaterra also reported today that the company has granted 100,000 incentive stock options to Mr. Wilkes, each exercisable at $1.55 per share and for a period of five years.The granting of the stock options is subject to regulatory approval.
On behalf of the Board of Directors,
Thomas Patton, President
Quaterra Resources Inc.
Contact Jay Oness at 1-888-456-1112, 604-681-9059 or email: email@example.com
Statements contained in this news release that are not historical facts are forward-looking statements as the term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Quaterra relies upon litigation protection for forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.