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. John Reynolds, MP to the Board of Directors of the Company, effective immediately. Mr. Reynolds has served as the Member of Parliament for West-Vancouver-Sunshine Coast since June 1997. Since his election, he has served in the “shadow cabinet” of the Official Opposition as the Critic for Fisheries and Oceans, and later as the Justice Critic and Chief Opposition Whip. After his re-election in 2000, Mr. Reynolds was appointed Official Opposition House Leader and then, in December of the same year, he was elected Leader of the Opposition in the House of Commons by the Canadian Alliance Caucus. He served in that position until Stephen Harper was elected to Parliament and assumed the role of Leader of the Opposition. Shortly after, he was again appointed to the position of Official Opposition House Leader until resigning the post in early 2004 to serve as the Co-Chairman of Stephen Harper’s leadership campaign for the Conservative Party of Canada. Prior to his election in 1997, Mr. Reynolds was a member of the federal Progressive Conservative Party caucus, worked in the private sector, and served as Speaker of the Legislative Assembly and as Minister of Environment for British Columbia
Dr. Henley stated: “We are very pleased to welcome John Reynolds to the TLC Ventures Board of Directors. John Reynolds is highly regarded in Canadian politics, having served with distinction in both the British Columbia Legislative Assembly and as a Member of Parliament in Ottawa. We look forward to his counsel as a member of the TLC Board”.
Mr. Edward Farrauto has resigned as a Director of the Company to facilitate Mr. Reynolds appointment. Mr. Farrauto will continue to serve as Chief Financial Officer for the Company.
The Company has granted 200,000 stock options to Mr. Reynolds at an exercise price of $1.20 for a period of five years from the date of grant. The stock options are 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.
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Tel : 514 939 3989, Fax : 514 939-3717
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.