Golden Patriot Negotiating to Hire European Investor Relations Team
LAKE SUCCESS, N.Y., Nov. 9, 2006 (PRIMEZONE) -- Golden Patriot, Corp.
("Golden Patriot") (Frankfurt:GPU) (OTCBB:GPTC) wishes to announce
that it is actively negotiating with multiple investor relations
firms based in Europe to focus on Golden Patriot's German listing.
Mr. Brad Rudman, President of Golden Patriot stated, "Golden Patriot
has had a listing on the Frankfurt Exchange for many months now and
would like to put more focus on the European trading arena. Based on
the current strong price of uranium, the appetite for junior uranium
stocks trading on European markets and the current activities
occurring with the company on our past producing uranium prospect, we
feel this is the opportune time to be focusing on Europe."
Golden Patriot has recently been informed by the operator that Phase
1 of drilling operations have now been completed on the past
producing Lucky Boy Uranium Prospect and the samples have now been
shipped to a lab in Tucson, Arizona in preparation for assaying. It
is expected that the results from this successful drill program on
the past producing Lucky Boy Uranium Prospect will be forthcoming
shortly.
The project geologist reports that Phase 1 of the drill program has
been successful in determining various grades of 2lbs/ton and
greater, with widths of 10 to 20 feet in a number of drill-holes on
the property based on scintilometer readings of the samples, and
observations of the anomalous thickness, by him, on site. The
chemical assays and correlated down-hole probe radiometrics will give
the definitive results and determine the next phase of drilling to
further define the ore body.
Golden Patriot has recently entered into an option agreement, subject
to regulatory approval, to option 50% of its Debut Gold Property in
Elko, Nevada. Terms of the option agreement call for exploration
expenditures of CDN$1,000,000, which must be fully paid before the
option may be exercised, and 100% of all property payments over a
period of 10 years. A work program is being developed and is expected
to commence in the first quarter of 2007.
To receive timely updates and information on any future developments
as they occur please email us at info@goldenpatriotcorp.com.
Disclaimer: This announcement may contain forward-looking statements
which involve risks and uncertainties that include, among others,
limited operating history, limited access to operating capital,
factors detailed in the accuracy of geological and geophysical
results including drilling and assay reports; the ability to close
the acquisition of mineral exploration properties, and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. More information is included in Golden
Patriot, Corp. filings with the Securities and Exchange Commission,
and may be accessed through the SEC's web site at http://www.sec.gov.
CONTACT: Golden Patriot, Corp.
Brad Rudman
+1 (516) 343-6990
www.goldenpatriotcorp.com
