October 19, 2012
RICH RADEZ JOINS AFRICAN QUEEN MINES AS SENIOR FINANCIAL CONSULTANT
Rich is a highly experienced professional with over 30 years experience in the brokerage
industry and natural resource sector. He founded the International Association of Natural
Resource Brokers and the Chicago Resource Expo, for which he now serves as Chairman. The Expo is the oldest natural resource conference in the U.S. Rich has been called “one of the top natural resource stock gurus in the industry today” by the Manager of the Prudent Bear Fund. Considered to be one of the leading alternative investment specialists in the country, he has had site visits to over 300 mining properties in 12 countries and 18 states. He is a graduate of Purdue University and the Wharton Business School S.I.A. Forum.
According to Irwin Olian, CEO of the Company, “Rich Radez is a well-known and popular industry figure with contacts around the world. We are delighted he has joined our team and look forward to Rich adding value to African Queen by contributing to our business development through his expertise and contacts.”
The Company is an exploratory resource company with diversified mineral properties in Southern, East and West Africa. It is exploring its properties in Mozambique, Ghana and Kenya for gold and other metals and it is undertaking exploration in Botswana and Namibia for diamonds, gold and other metals. In Mozambique the Company has approximately 230 sq. km. under license for gold and metals under an agreement with another company. In Ghana it has 28.9 sq. km. under license for gold. In Kenya it has approximately 850 sq. km. under license for gold and metals, and a further 737 sq. km. of gold and other minerals licenses under agreements with two other companies. The Company’s operations in Mozambique are carried out through its subsidiary PAM Mocambique Limitada and its operations in Ghana are carried out through its subsidiary AQ Ghana Gold Limited. Its operations in Kenya are being carried out through its operating subsidiary AQ Kenya Gold Limited. Its operations in Botswana are carried out through its operating subsidiary, PAM Botswana (Pty) Ltd.; its operations in Namibia are carried out through its operating subsidiary PAM Minerals Namibia (Pty) Ltd. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, Canada on April 30, 2008 and received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.
ON BEHALF OF THE BOARD OF DIRECTORS OF
AFRICAN QUEEN MINES, LTD.
Chairman & CEO
For more information, contact:
President and CEO
Phone: (604) 899-0100
Fax: (604) 899-0200
Dubai - +971 55 997 0427
London - +44 (0) 7780 602 788
Germany - +49 (0) 21141 740411
U.K. - +44 (0) 870 490 5443
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.