For Immediate Release - Vancouver, Canada: Dr. Richard W. Henley, FAICD, Chairman of the Board of Directors of TLC Ventures Corp. (TLV.TSX Venture Exchange) is very pleased to announce the appointment of Mr. Blayne Johnson to the Board of Directors of the Company, effective immediately. Mr. Johnson, a former Vice President at First Marathon Securities, was directly involved in structuring major equity and debt financings for junior, intermediate and senior mining companies.
Dr. Henley stated: “We are very pleased to welcome Blayne Johnson to the TLC Ventures Board of Directors. Blayne Johnson is a well established, respected member of the investment community in North America. We look forward to his counsel as a member of the TLC Board”.
Mr. Edward Farrauto has been re-elected as a Director of the Company. Mr. Farrauto will continue to serve as Chief Financial Officer for the Company.
The Company has granted a total of 710,000 stock options to Independent Directors of the Board and to the Corporate Secretary at an exercise price of $1.00 for a period of five years from the date of grant. The stock options are subject to regulatory approval.
At the Company’s Annual General Meeting held on May 18, 2005, shareholders approved the increase in number of options available under the Company’s Stock Option Plan to 3,890,000. The amendment to the Stock Option Plan is subject to regulatory approval.
TLC Ventures is an exploration and mine development Company, focused on the acquisition, advancement and development of global precious and base metal assets. Gold Fields (through a wholly-owned subsidiary) is a significant equity owner in TLC Ventures controlling an approximate 9.5% equity interest in the Company. For further information on TLC Ventures Corp. and its properties, please visit TLC’s website at http://www.tlcventurescorp.com.
TLC VENTURES CORP.
Signed ‘Richard W. Henley’
Dr. Richard W. Henley, FAICD
For more information contact TLC Ventures Corp. Tel: 604 681 9944.
TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this release.
The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from the targeted results. The Company relies upon litigation protection for forward looking statements.