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2007
2006
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| | November 24, 2006
Rochester Engages Empire Communications Inc. as its Investors Relations Representative
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| | Vancouver, Canada - Rochester Resources Ltd. (TSXV: RCT; OTCBB: RCTFF and Frankfurt: R5I):
Douglas Good, President, is pleased to announce that the Company has retained Empire Communications Inc. ("Empire") of Vancouver, BC, as its investor relation's representative effective December 1, 2006. The principal of Empire is Frank Taggart, a Vancouver based entrepreneur who has been operating in the investor relations and business development consulting business since 1996. Mr. Taggart has focused on corporate development, funding and building companies primarily in the resource and energy technology fields. He has a strong background in corporate governance, finance, as well as all other aspects of business development. The investor relations program will focus on shareholder communications, corporate development and building the Company an active following of investment professionals in North America and, to a lesser extent, Europe.
Empire, which is arm's length to the Company, has been retained for an initial term of 6 months and, thereafter, on a month-to-month basis. Its remuneration will be a monthly fee of $6,000 plus an incentive stock option to purchase 150,000 common shares at $1.40 per share for a period of three years subject to the vesting provisions of Policy 4.4 of the TSX Venture Exchange. The Company's previous investor relations contract with Accent Marketing Ltd. has expired.
Rochester is in the final phase of constructing a 200 tonnes/day conventional mill near the Mina Real mine which is expected to be in operation in December 2006. The mill has a modular design which will allow for an increase in capacity to 300+ tonnes/day at a reasonable incremental cost once mining operations are scaled up to support this volume of mill feed.
The longer term strategy is to continue to acquire gold/silver properties located in Mexico with the indicated potential for near-term production in the range of 200-500 tonnes/day and good exploration potential for the generation of a significant resource base. Based on the results of bulk samples mined to date totaling just under 10,000 tonnes and the grades of the channel samples taken from development mining completed in 2006 on the Mina Real Project, management believes this strategic property has potential to produce a long-term revenue stream which would set the stage for the acquisition and development of a series of similar size mining and milling operations in the region.
ON BEHALF OF THE BOARD
"Douglas F. Good"
Douglas F. Good, President & CEO
Investor information contact:
Douglas F. Good
Tel: 1-877-541-6285
Email: [email protected]
Website: www.rochesterresourcesltd.com
Forward Looking Statements
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. |
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| | You can view the Next News Releases item: Tue Dec 12, 2006, Rochester Closes Acquisition of Remaining 49% Interest in Mina Real Project
You can view the Previous News Releases item: Thu Nov 23, 2006, Rochester Receives Approval to Close Acquisition of Remaining 49% Interest in Mina Real Project
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