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BNR

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Share Name Share Symbol Market Type
TSXV:BNR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Brionor Resources Appoints New Chief Financial Officer and Announces Amendments to its Stock Option Plan

19/04/2012 2:00pm

Marketwired Canada


Brionor Resources Inc. ("Brionor" or the "Company") (TSX VENTURE:BNR) is pleased
to announce the appointment of J. Errol Farr, CMA, as Chief Financial Officer of
the Company, effective immediately. 


Mr. Farr is the Chief Financial Officer of Anaconda Mining Inc. Prior to joining
Anaconda, Errol was President and CEO, and former CFO of Adex Mining Inc., where
he led the development plans of the Mount Pleasant mine site in New Brunswick,
Canada. Errol is also the former CFO of MagIndustries Corp. where he
participated in the development of its potash project and led the development of
its forestry assets including the construction of its wood chipping mill in the
port city of Pointe Noire, Republic of Congo. He is a Certified Management
Accountant and has been a senior executive or director of several other junior
mining companies for the past 15 years. Mr. Farr brings extensive financial,
management, and operational experience to the Company. 


Lewis Lawrick, President and CEO of Brionor commented, "We are very pleased that
Errol has joined the Brionor team, with his prior experience and versatile skill
set he will be a valuable addition to management, and we look forward to his
assistance as we execute on our forward going strategy. I would also like to
thank Robert Boisjoli for his valuable contributions to Brionor and wish him all
the best in his future endeavors." 


Further, the Company also announces amendments to its Stock Option Plan ("SOP"),
whereby the number of common shares reserved for issuance under the SOP
increases from 2,136,560 to 3,581,246, being 10% of the Corporation's issued and
outstanding common shares as at the date hereof. The Company will seek TSX
Venture Exchange approval in connection with this increase. At this time as
well, the Company, in accordance with its SOP announces the issuance of a total
of 850,000 stock options to Management, Directors, and Consultants to the
Company. The options were issued at a price of $0.10 per, for a term of five
years from issuance. 


Brionor is a junior mining exploration company with a portfolio of exploration
projects including the 100% owned Pitt Gold Project in Quebec.


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