Aug 08, 2006
The Board of Directors of International Wayside Gold Mines Ltd. (the "Company") is pleased to report on the outcome of its Annual General Meeting (the "AGM") held on August 2, 2006. All resolutions put forward to the shareholders were passed.
At the AGM, Andrew H. Rees was newly elected to the Board of Directors of the Company. Mr. Rees has been with the Company for over 8.5 years and has been a Vice-President of the Company for over a year. Mr. Rees is the President, CEO and a Director of Wellstar Energy Corp. and a Director of Golden Cariboo Resources Ltd., both companies listed on the TSX Venture Exchange.
J. Frank Callaghan, H. K. (Ken) Maddison and Farshad Shirvani were all re-elected to the Board of Directors.
After the AGM, the directors re-appointed Mr. Callaghan as President and CEO, Neil Mallen as VP Project Development and Andrew Rees as VP Corporate Development.
In addition, Mr. Maddison retired as Chief Financial Officer of the Company and Mr. Richard Lee was appointed Chief Financial Officer. Mr. Lee has over 20 years' experience in finance, accounting and corporate finance. He is a Certified Management Accountant and a graduate of the University of British Columbia with a degree from the Faculty of Commerce. In addition, he serves as Chief Financial Officer for four additional TSX Venture Exchange companies.
The Board of Directors is pleased to welcome Messrs. Rees and Lee to the team and believe that they are valuable assets to the Board of Directors and management.
On behalf of the Board of Directors,
J. Frank Callaghan, President and CEO
International Wayside Gold Mines Ltd.
J. Frank Callaghan President and CEO (604) 669-6463
or Toll Free: 1-800-663-9688 (604) 669-3041 (FAX)
*please refer to cautionary note