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| | May 22, 2007
Powertech Appoints Project Managers
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| | POWERTECH URANIUM CORP. ("Powertech" or the "Company") is pleased to announce that Mr. Lane Douglas and Mr. Mark Hollenbeck have been appointed as its Project Managers for the Centennial Project in Northeastern Colorado and the Dewey-Burdock Project in Southwestern South Dakota.
Mr. Lane Douglas is a Colorado licensed real estate broker and experienced project manager. He has been working diligently to complete the surface acquisitions and surface agreements that are needed for the development of the Centennial Project in Weld County, Colorado. He has also been working closely with R Squared Inc., the Denver based consulting firm that recently was selected to assist the Company with the acquisition of the required permits and licenses for the Centennial Project. Mr. Douglas has 23 years experience as a land manager and project manager for large projects in the communications and oil and gas industries, and has prior land experience in Weld County. He is a graduate of the New Mexico Military Institute and the University of Louisiana with a degree in Land Management. Mr. Douglas served 22 years in the Army Reserve as a Logistics Officer, retiring as a Major. He is a member of the Board of Realtors and the American Association of Professional Landmen.
"Joining Powertech was a significant move for me", said Mr. Douglas; "I am now in a position where I can fully utilize my negotiating experience and organizational and leadership abilities."
Mr. Hollenbeck, is a graduate of the South Dakota School of Mines & Technology where he received a BSc. Chemical Engineering. He has been involved in energy producing industries for much of his career, designing and managing natural gas systems for the Black Hills Division of Montana Dakota Utilities and, later, as the Executive Director of the South Dakota Office of the American Petroleum Institute. Mr. Hollenbeck was elected to the South Dakota House of Representatives where he served from 1989 through 1994. Later, he served as Mayor of Edgemont from 2001 - 2006. Mr. Hollenbeck is a Professional Engineer.
"I am honored that Powertech has selected me to manage the development of the Dewey- Burdock Project," said Mr. Hollenbeck. "I believe that I can contribute significantly towards the successful permitting, construction, and operation of the project. I grew up in the Dewey area and am familiar with both the land and the people of the area. Also, I am happy to see uranium mining returning to the Edgemont area which was the uranium mining center for South Dakota in past years."
Mr. Richard Clement, President and CEO of Powertech, said, "We are pleased to have made these senior appointments and strong additions to our team. With the assistance of these gentlemen, I believe that the Company will have very favorable community relations and will be well organized toward development. They will shoulder a large part of the effort required to manage the development of our two key uranium properties."
Powertech Uranium Corp. is a mineral exploration and development company that holds the Dewey-Burdock Uranium Deposit in South Dakota, the Centennial Project in Colorado, and the Dewey Terrace and Aladdin Projects in Wyoming, USA.
POWERTECH URANIUM CORP.
Per: "Richard F. Clement"
Richard F. Clement Jr.,
President& CEO
For further information, please contact:
Thomas A. Doyle, CFO, VP Finance
Phone: (604) 685-9181
Email: info@powertechuranium.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release |
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