CANADA GAS CORP. APPOINTS TRAN, MCMILLAN DIRECTORS, WOLTMAN ADVISOR
Vancouver, British Columbia, Canada - July 09, 2008 - Canada Gas Corp. ("Canada Gas" or the "Company") (formerly Wyn Developments Inc.) announces several appointments including Marc Tran, B.Comm, B.A. (Economics) (currently Chief Financial Officer) and Chad McMillan B.A. (communications) to the Board of Directors and Warren Woltman B.Sc (Geology) has been appointed Corporate Advisor. Chad McMillan has also been appointed Vice President, Corporate Communications.
The Chief Financial Officer of the Company since mid 2006, Mr. Tran is quite familiar with the intricacies of an exploring, developing and producing natural gas company. Mr. Tran graduated from the University of Calgary with a Bachelor of Commerce in finance and a Bachelor of Arts with a focus on energy and natural resource economics. Past work includes corporate finance and accounting for oil and gas companies including BP Amoco, PricewaterhouseCoopers and ARC Energy Trust. Mr. Tran is also CFO of several other Toronto Venture Exchange reporting issuers, and is currently in his final year of the Certified General Accountants (CGA) program.
Mr. McMillan is also quite familiar with the operations of the Company. A Simon Fraser University graduate with a Bachelor of Arts in Communications, McMillan has several years of experience in communications, sales & marketing, management, capital markets, and the resource exploration industry, having worked in various capacities with such companies as Yorkton Securities Inc., Pro Line Sports Ltd., and Club Med Inc. He is currently President of private consulting company Animus Ventures Inc., having provided consulting services to various resource exploration and development companies over the past several years. Mr. McMillan will be responsible for the development and implementation of corporate communications and investor awareness strategies, including establishing, developing and maintaining the local, domestic and international retail and institutional awareness of Canada Gas, as well as initiating and facilitating corporate development initiatives. McMillan currently serves as an officer of three other TSX Venture Exchange listed resource exploration issuers.
Mr. Warren Woltman has a Bachelor of Science degree in Geology from the University of Illinois and is a private natural resource company investor, possessing managerial and analytic experience spanning forty years within the US Intelligence Community and the Aerospace Industry. A Retired Army Major, Mr. Woltman’s insight will provide valuable feedback on the Company's operations and future plans.
The above is subject to TSX Venture Exchange and regulatory approval.
About Canada Rare Earths
Canada Rare Earths is a growth company focused on the exploration and development of rare earth elements at its 100% owned Goeland Rare Earths Project within the Montviel carbonatite complex, Montviel Township Quebec, immediately adjacent to Geomega's (TSX-V: GMA) recent rare earth discovery. The Goeland property located 215 km north of Val-d'Or, is road accessible and consists of 47 claims totaling approximately 2,600 hectares. Since the acquisition of the Goeland Project, the Company, in a short period of time, has successfully established itself in one of the largest Carbonatite complexes in North America. Worldwide, carbonatite-related deposits are a major host for rare earths elements ("REE"). The world's most advanced and prolific REE deposits in production or development, Bayan Obo (China), Molycorp's Mountain Pass (USA), Lynas's Mount Weld (Aus), and Rare Earth Element Resource's Bear Lodge project, are all hosted by carbonatites.
For more information on Canada Rare Earths, please contact our Head Office.
On Behalf of the Board of Canada Rare Earths Inc.
Chad McMillan
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. All of the above is subject to TSX.V and regulatory acceptance.
FORWARD LOOKING STATEMENTS
Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release, including statements regarding the Company's Pre-Development Agreement and the exploration of the Goeland Project, constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company is able to obtain any required government or other regulatory approvals and any required financing to complete the Company's obligations pursuant to the Pre-Development Agreement and planned exploration activities, that the Company is able to procure equipment and supplies in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations. However, the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors relating to Canada Rare Earth's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks may include, among others, actual results of the Company's exploration activities being different than those expected by management, uncertainties involved in the interpretation of drilling results and geological tests, delays in obtaining required government or other regulatory approvals or financing, inability to procure equipment and supplies in sufficient quantities and on a timely basis, equipment breakdowns and bad weather. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. Canada Rare Earths does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
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