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KENILWORTH EXPLORATION PTY LTD - Kitco

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<strong>KENILWORTH</strong> <strong>EXPLORATION</strong> <strong>PTY</strong> <strong>LTD</strong><br />

Kenilworth Station, Byrock 2831, New South Wales, Australia.<br />

c/o PO Box. 716, Oxley Street, Bourke, N.S.W., Australia<br />

Phone: 61-2-687-47495 Fax: 61-2-687-47882 E-Mail: ptprendergast@msn.com<br />

Sydney, Australia; - Mr. Patrick T. Prendergast, Ph.D., The Chairman of Kenilworth Exploration Pty Ltd. is<br />

pleased to announce that Mr. David A. Bending B.Sc., M.Sc., P Geo. and Mr. Edward J. Prendergast M.Sc.,<br />

M.A., B.A.I., M.I.E.I., have been appointed to the board of directors effective May 21st, 2012.<br />

David A. Bending M.Sc., P.Geo. has 25 years of experience in mineral exploration and mining worldwide<br />

with emphasis on the Americas. He has a M.Sc. in Economic Geology and Geochemistry from the<br />

University of Toronto and a B.Sc. (Geology) from the University of Oregon. His career in exploration and<br />

management includes three years with TexasGulf Exploration, fourteen years with Homestake Mining<br />

Company and eight years in successful consulting and management of junior mining companies. Mr.<br />

Bending has worked for The Bunker Hill Company and Rio Tinto Canadian Exploration Ltd and has held<br />

Directorship positions with VP Duran Ventures Inc. and Mine Corp Int. Inc. He has been responsible for<br />

kimberlitic and diamond discoveries in Canada and Brazil and metallic mineral deposits throughout the<br />

Americas. He currently manages a geological consulting practice based in Reno, Nevada, with clients and<br />

projects throughout the Americas. He is fully conversant in Portuguese, Spanish and French in addition to<br />

English and is familiar with mining law, mining development trends and business practices. Mr. Bending is<br />

involved in a number of venture projects and investments and has held directorships in numerous publicly<br />

traded companies. The Corporation believes Mr. Bending will broaden the skill set and experience of the<br />

board of directors and assist with the corporate expansion and development of Kenilworth Exploration Pty.<br />

Ltd in the coming months.<br />

Edward J Prendergast M.Sc., M.A., B.A.I., M.I.E.I., has over 30 years’ experience in civil infrastructure &<br />

environmental works relating to mining and oil explorations. He obtained his M.Sc. in metallurgy from<br />

Trinity College Dublin and also qualified with a degree in Engineering Science. Edward also has a M.A. in<br />

mathematics. He had operated as a consulting engineer in Ireland, Papua New Guinea, Somalia, Ethiopia<br />

and Australia and has worked with BHPB (MinEx), Sasol, Africa Oil, Africa Minerals and other entities. He<br />

has extensive on-site project management experience and specialises in the area of environmental impacts<br />

of explorations works. Edward has already worked as an independent consultant with Kenilworth<br />

Explorations on its initial explorations in Australia.<br />

The Corporation believes that the addition of Mr. David Bending and Mr Edward Prendergast will broaden<br />

the skill set and experience of the board of directors.<br />

E uropean O ffice:<br />

B aybush, Str affan,<br />

C o. K ildar e, Ir eland.<br />

Phone: 353-1-6272636<br />

Fax : 353-1-6279028<br />

E m ail: ptpr ender gast@ m sn.com<br />

ACN 119 439 691


Kenilworth Exploration is a privately held Sydney based company carrying out exploration on its three<br />

projects in the Lachlan Fold Belt, in the central west New South Wales. The Properties cover a total area of<br />

over 1097 Sq. Km. The Lachlan Fold Belt is a long standing, proven mineralized region host to several world<br />

class mines including Cobar’s Endeavour, CSA and Peak Mine; Tritton Mine; Mineral Hill; and new<br />

discoveries at Mount Boppy, Hera, Tottenham, Wonawinta and Nymagee.<br />

Forward-Looking Statements<br />

Certain information included herein is forward-looking. Forward-looking statements include, without limitation, statements regarding the future<br />

financial position, business strategy, budgets, projected costs, capital expenditures, financial results, taxes and plans and objectives of or involving<br />

the Corporation. Many of these statements can be identified by looking for words such as "believe", "expects", "expected", "will", "intends",<br />

"projects", "anticipates", "estimates", "continues", or similar words and include but are not limited to, statements regarding the accretive effects<br />

of the acquisition and the anticipated results and expected benefits of the acquisition upon closing thereof. The Corporation believes the<br />

expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be<br />

correct and such forward-looking statements should not be unduly relied upon. Forward-looking statements are not guarantees of future<br />

performance and involve a number of risks and uncertainties some of which are described in the Corporation's continuous disclosure documents.<br />

Such forward-looking statements necessarily involve known and unknown risks and uncertainties and other factors, which may cause the<br />

Corporation's actual performance and financial results in future periods to differ materially from any projections of future performance or results<br />

expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general economic, market and business<br />

conditions; industry capacity; competitive action by other companies; refining and marketing margins; the ability of suppliers to meet<br />

commitments; actions by governmental authorities including increases in taxes; changes in environmental and other regulations; and other factors,<br />

many of which are beyond the control of the Corporation. Any forward-looking statements are made as of the date hereof and the Corporation<br />

does not undertake any obligation, except as required under applicable law, to publicly update or revise such statements to reflect new<br />

information, subsequent or otherwise.<br />

E uropean O ffice:<br />

B aybush, Str affan,<br />

C o. K ildar e, Ir eland.<br />

Phone: 353-1-6272636<br />

Fax : 353-1-6279028<br />

E m ail: ptpr ender gast@ m sn.com<br />

ACN 119 439 691

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