SFX Adds President of Beijing Donia to Board

ID: 1041314
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(businesspress24) - TORONTO, ONTARIO -- (Marketwire) -- 09/30/11 -- Silvore Fox Minerals Corp. (the "Corporation" or "Silvore Fox")(TSX VENTURE: SFX) is pleased to announce the election of Dr. Wenshan Zhang to its Board of Directors at the corporation's Annual General Meeting ("AGM") held September 28, 2011 in Toronto.

Dr. Zhang is the President of Beijing Donia Resources Co. Ltd, a role he has held since January of 2010. He holds a Ph.D in Geological Science and finished Post Doctoral research in Metallurgical Engineering and Geological Engineering. He had previously held senior geologist and business development roles with large multinationals such as Vale, Anglo American, and INCO.

"I wish to thank the shareholders of Silvore Fox for electing me to serve on their Board of Directors. I am pleased to take a more active role working with SFX management and offering my input on important corporate matters." - Wenshan Zhang

The Silvore Fox AGM had 47.95% of registered shareholders represented in person or by proxy. The motion to expand the Board to 6 directors was passed unanimously, as was the motion to elect the six nominees set forth in the management information circular, which included the five existing board members plus Dr. Zhang. Other business included the re-appointment of KPMG LLP (Canada) as auditors of the Corporation.

Mr. Harold Cabrita, Silvore Fox President and CEO stated, "We were pleased by the strong support from our shareholders on each of the motions and resolutions presented. The addition of Dr. Zhang to our Board provides us with an even greater depth of knowledge and experience to assist us in the planning and development of the exciting projects we are involved in."

About Silvore Fox Minerals Corp.

Silvore Fox Minerals Corp. is a Toronto, Ontario, Canada based public mineral exploration company. We are focused on base and precious metal exploration projects.

On November 17th, 2010, Silvore Fox entered into a Strategic Agreement with Beijing Donia Resources Co. Ltd ("Donia") at the China International Mining Conference, 2010. Donia is the single largest shareholder of Silvore Fox currently holding approximately 30% of the Corporation's outstanding shares. This strategic partnership provides the Corporation with a strong platform for growth through mineral exploration expertise, funding and strategic acquisitions. SFX has an experienced management and geological team.

Harry Cabrita, President and CEO

Dr. Jingbin Wang, Chairman

This announcement contains forward-looking information and forward-looking statements (collectively "forward-looking information") under applicable securities laws, relating, but not limited to the Corporation's expectations, intensions, plans and beliefs. Forward-looking information can often be identified by forward-looking words such as 'anticipate', 'believe', 'expect', 'goal', 'plan', 'intend', 'estimate', 'may' and 'will' or similar words suggesting future outcomes or other expectations including with respect to the ongoing involvement of individual Directors, and the funding by the Corporation of the exploration and development on the exploration properties. Such forward-looking information is based on current expectations that involve a number of known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by the forward-looking information. Factors that could cause actual results to differ materially from any forward-looking information include, but are not limited to, the risks that the parties to LOI's will not proceed with the transaction, the actual terms of the transaction will differ from those currently contemplated, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, delays in the development of projects, uncertainties relating to the interpretation of the geology, and unanticipated operational or technical difficulties and other factors. Such forward-looking information is based on a number of assumptions, including but not limited to, the ability of the Corporation to raise sufficient capital to pay the exploration and development costs on the properties and to pay for the interest in the joint venture company, the availability of skilled labour, availability of equipment, and future capital and operating costs. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual results could vary materially from those expressed or implied in the forward-looking information and accordingly, readers are cautioned not to place undue reliance on this forward-looking information. The Corporation does not assume the obligation to revise or update this forward-looking information after the date of this announcement or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.



Harry Cabrita
President & CEO
(416) 847-0189
(416) 847-0157 (FAX)

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Date: 09/30/2011 - 11:56
Language: English
News-ID 1041314
Character count: 0
Firma: Silvore Fox Minerals Corp.
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