Atocha Elects New President
April 19, 2010 - Vancouver, British Columbia, CANADA – Atocha Resources (TSX.V-ATT), (the Company) is pleased to announce the appointment of Mrs. Marcy Kiesman, former Chief Financial Officer, to the position of President/CEO effective immediately. Mrs. Kiesman has a Certified Management Accountant designation and is experienced in accounting, business finance and management duties of junior public mining companies. Mrs. Kiesman has been a director since Atocha’s incorporation in 2006 and was integral in managing the regulatory and corporate management requirements in the Initial Public Offering. Mrs. Kiesman will be responsible for the overall company management as well as working with the accounting and mining technical team to advance the companies objectives.
Atocha welcomes Ms. Veronica Liu as the new Chief Financial Officer for the Company. Ms. Liu is a Certified Management Accountant and has experience working amidst junior mining companies affiliated with the Lundin Group. She has more than seven years accounting experience working in the junior mining, telecommunications and property management sectors.
Atocha also reports that Mr. Salman Jamal, the Company’s founder, has resigned from the board of directors and as President/CEO. Since 2006 the efforts of Mr. Jamal were a critical component in identifying and financing both the Initial Public Offering and subsequent property acquisitions. Mr. Jamal, an integral part of Atocha’s ongoing strategy, continues to work closely with Atocha as a Corporate Advisor where he can focus his efforts on identifying key projects, joint venture, and merger or acquisition targets. His new role will afford him more time to focus on these tasks while continuing to assist in financing Atocha’s efforts through an extensive network of global investors and investment professionals. The Board of Directors wishes to thank Mr. Jamal for his efforts and congratulates Mr. Jamal, Ms. Liu and Mrs. Kiesman on their new roles with the Company.
Further to the news release dated April 12, 2010, the current drill program on the Atkinson (Detour Lake) Project has commenced. The Company granted 900,000 options at an exercise price of $0.15 for a period of two years to Directors, Officers and Consultants expiring on April 15, 2012. The newly granted options are subject to TSX Venture Exchange vesting provisions, if applicable. Additional updates and information will be released as it becomes available.
ABOUT ATOCHA
Atocha is a natural resources company engaged in the acquisition and exploration of mining properties. The Company’s main focus is on exploration for copper and precious metals. The Company has an option to acquire a 100% undivided interest in the McGillivray Property, located in the Kamloops Mining Division of British Columbia. Atocha also has a 100% option on the Besshi gold project in B.C., the Atkinson (Detour Lake) gold project in Ontario and the Strike 101-114 Claims near Dawson City, Yukon.
For further information on Atocha, please refer to www.sedar.com.
For further information, please contact:
Marcy Kiesman, Chief Executive Officer
Telephone: 604.696.1111
Facsimile: 888.266.3983
E-mail: mmk@atocharesources.com
Website: www.atocharesources.com
Forward-Looking Statement
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties, as it relates to Atocha Resources Inc., please refer to the Company's Prospectus filed with SEDAR.
The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this release.
