FOR IMMEDIATE RELEASE Trading Symbol: HUD April 30, 2010 NR2010-06
HUDSON ANNOUNCES BOARD CHANGES AND APPOINTMENT OF CFO
Vancouver, BC – HUDSON RESOURCES INC. (“Hudson” – TSX Venture Exchange “HUD”) is pleased to announce the appointment of Dr. John McDonald, Ph.D., P.Geo., and Mr. Flemming Knudsen, CEO of Royal Greenland, to its Board of Directors, to replace two retiring directors. In addition, Hudson is pleased to announce that Mr. Alnesh Mohan has joined its management team as Chief Financial Officer.
Dr. John McDonald has been an important member of Hudson’s Technical Advisory Committee since January 2006. He has over 40 years experience in the mining industry, most notably as the V.P. Exploration for Winspear Diamonds Inc, where he was responsible for the discovery and development of the Snap Lake diamond deposit, subsequently acquired by De Beers for $480 million in 2000. His diverse career includes positions as the V.P. Exploration for Diamondex Resources Ltd.; Chief Geologist and Exploration Manager, Western Canada for Esso Minerals Canada; and a Professor at both the University of Saskatchewan, Saskatoon and at the Australian National University, Canberra, Australia.
Mr. Flemming Knudsen is a highly respected businessman in Greenland where, since 2007, he has served as the CEO of Royal Greenland A/S, which is the biggest company in Greenland and one of Europe’s largest seafood companies. Prior to this, he was the CEO of Air Greenland for five years. His mining experience stems from 1974 when he served for nine years as Finance and Accounting Manager, then VP Finance of Cominco’s Black Angel lead/zinc/silver mine in Greenland.
Mr. Alnesh Mohan has extensive experience in the public markets and brings over 15 years of accounting, auditing and tax experience working for large public accounting firms. Since 2005, Alnesh has been a partner of Quantum Advisory Partners LLP (incorporated), a professional services firm dedicated to assisting publicly listed companies with their financial reporting, taxation and regulatory requirements. Alnesh was a manager at KPMG LLP from 2001 to 2005. He holds a Bachelor of Business Administration from Simon Fraser University, Masters of Science in Taxation from Golden Gate University, is a Chartered Accountant (BC) and a Certified Public Accountant (Illinois).
James Tuer, Hudson’s President stated: “We are very pleased to welcome John and Flemming to our board and Alnesh as the CFO of the Company as we advance our Greenland Rare Earth Project. John has provided excellent guidance to the Company since joining our Technical Advisory Committee in 2006. Flemming, who is one of the leading business figures in Greenland, is also an exceptional addition to our board. We’ve developed a strong relationship with Flemming since his tenure at Air Greenland and we look forward to his input and guidance on local issues and initiatives in Greenland as we move towards developing the project.”
“In conjunction with these appointments, we are announcing the resignation of Dr. John Ferguson and Mr. Robert Chase who are retiring from the board. Both John and Bob have provided invaluable assistance and mentoring to the Company over the past eight years. On behalf of both management and the rest of the directors, I would like to take this opportunity to thank them for their support and guidance in establishing Hudson as one of the predominant
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explorers in Greenland.” Bob and John will remain consultants to the Company and we look forward to their ongoing involvement.
With respect to the Company’s annual compensation review governing the granting of options, the board of director’s has approved a total of 2,250,000 incentive stock options to be granted to directors, officers and employees of the Company, as per the terms of the stock option plan. The options are exercisable at $0.80 per share for a period of five years, subject to the policies of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
James Tuer, President
For further information:
James Tuer, President
Ph: 604-628-5002 or 604-688-3415 [email protected]
This news release contains forward-looking statements regarding ongoing and upcoming exploration work and expected geology, geological formations and structures. Actual results may differ materially from those anticipated in these statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.