HOUSTON, April 2, 2008 /PRNewswire-FirstCall/ -- Mainland Resources,
Inc., a Nevada corporation (the "Company") (OTC Bulletin Board: MNLU;
Frankfurt: 5MN), has accepted the consent of David Urquhart, P Eng., as a
member of the Board of Directors effective March 19, 2008.
David Urquhart is a Canadian professional engineer with over
thirty-five years of progressively responsible operational, engineering,
management and executive experience in all facets of the equipment
fabrication and hydrocarbon industries: from production operations,
drilling and completion operations, exploration and exploitation
operations, to plant and facility design and construction, process
equipment fabrication, product marketing, project economics, operating
budgets, acquisitions and divestitures.
His broad workplace experience has provided him with extensive national
and international exposure in business development, facility construction
and project management as well as production operations and engineering
throughout the Americas and Africa. He is also experienced in operations,
manufacturing, marketing and sales in Eastern Europe, the Middle East, the
Orient and Africa.
Through his consulting firm, Westhampton Ltd., Mr. Urquhart has
provided services to a wide range of junior to mid-size mining and
petroleum companies in the United States, Canada, Algeria, Africa, Russia,
Tunisia, China and the Middle East.
Prior to founding his own company, Mr. Urquhart served as Vice
President, Energy Group for Finex Capital Corporation of Calgary, Alberta.
Finex was a Calgary based merchant banking entity owned by First City
Trust, and charged with the management of an extensive investment portfolio
in both energy and commercial real estate assets. He also served as the
senior officer in the establishment of all Finex owned and operated oil and
gas service companies, as well as being responsible for providing
operational management to all Finex oil and gas production related
subsidiary operations.
From the 1960s until 1983, when he joined Finex Capital, Mr. Urquhart
was employed in a variety of successive senior management positions,
primarily in charge of drilling and production operations for established
petroleum development and production companies. The list of firms includes
Petroleum Technologies of Wichita, Kansas (1983 - 1987), Hexagon Gas
Limited of Calgary, Alberta (1977 - 1983) and Suncor Inc. of Calgary,
Alberta (1968 - 1977).
Mr. Urquhart's professional affiliations include the Association of
Professional Engineers, Geologists and Geophysicists of Alberta, the
Canadian Institute of Mining and Metallurgy -- Petroleum Society, the
American Society of Petroleum Engineers and the Association of Drilling
Engineers.
David Urquhart received his Bachelor of Science in Mathematics from
Dalhousie University, Halifax, Nova Scotia and his Bachelor of Engineering
in Mining from Nova Scotia Technical College (now Dal Tech), Halifax, Nova
Scotia.
About Mainland Resources, Inc.
Mainland Resources is a junior company engaged in the exploration and
development of oil and gas resources. The Company's current initiatives are
focused on the acquisition and development of leases in Louisiana's
emerging gas region near Elm Grove.
Symbol: MNLU - OTCBB
Symbol: 5MN - Frankfurt
WKN No.: A0ND6N
SAFE HARBOR STATEMENT -- THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING
STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS
RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS
AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR
INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS
DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE
SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS
TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS
EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL
FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT
INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR
"EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND
UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS
ASSOCIATED WITH PROPERTY DEVELOPMENT AND FUNDING AS WELL AS THE RISKS SHOWN
IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-KSB AND ON FORM
10-QSB AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION
REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE
REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL
REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS
EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE
COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY
ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF
THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO
UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL
RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING
STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS,
EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE,
THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS
WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION
SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE
COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO
TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. EACH OF THE NASD, THE SEC AND
THE OTCBB NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS OF THIS NEWS
RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE
SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE
WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE
SECURITIES LAWS OF ANY SUCH JURISDICTION.
SOURCE Mainland Resources, Inc.
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CONTACT: Investor Relations of Mainland Resources, Inc., USA, 1-866-590-6589, or Investor Relations of Mainland Resources, Inc., Europe, +41-43-888-6703
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