STM -- Ray Larson to Join Strathmore's Board of Directors
12:56 EST Thursday, December 21, 2006
KELOWNA, BRITISH COLUMBIA--(CCNMatthews - Dec. 21, 2006) - Strathmore Minerals Corp. (TSX:STM) is pleased to announce that Mr. Ray Larson has agreed to join the Board of Directors. Mr. Larson is a uranium industry leader whose expert knowledge of the sector at both the corporate and operations level will complement the existing uranium team, which includes Strathmore's President David Miller, Dieter Krewedl, Director, Juan Velasquez, Vice President of Environmental and Regulatory Affairs, and John DeJoia, Vice President of Technical Services.
Mr. Larson founded Uranium Resources Inc. (URI) in 1977, and was its Chairman and CEO until his retirement in 1994. URI, which was one of the few US based uranium mining companies to survive the industry's extended market downturn, pioneered the exploration, development and production of uranium ore bodies using in-situ recovery (ISR) technology.
Mr. Larson's experience includes the commercial development of ISR uranium extraction plants at Kingsville Dome and Rosita in south Texas as well as developing significant uranium mineral interests at Church Rock and Crownpoint in northwestern New Mexico. In addition, he negotiated multiple long-term uranium sale contracts with both US and European utilities, and other industry participants. Under Mr. Larson's leadership, URI successfully restored ISR properties in Texas and Wyoming and was a founding member of the Uranium Producers of America Association. Mr. Larson has been a member of Strathmore's Executive Advisory Board since July, 2004.
David Miller commented, "We all look forward to working more closely with Ray whose contributions as a member of the Company's Executive Advisory Board have helped to advance Strathmore towards its goal of becoming a producing uranium company in the United States. His knowledge of the active participants in the uranium sector as well as ISR mining and marketing uranium production to the end users is strategic to achieving this goal."
As part of his appointment to the Board, the Company has granted Mr. Larson 100,000 incentive stock options exercisable until December 15, 2010 at a price of $3.00 per share.
The Company also wishes to announce that Mr. Franz Dahlkamp has resigned from the Executive Advisory Board. Strathmore would like to thank Mr. Dahlkamp for his contributions during his years as a member of the Advisory Board.
Strathmore's Board of Directors and Executive Advisory Board now include:
Board of Directors
Dev Randhawa, Chairman & CEO
David Miller, President & Chief Operating Officer
Michael Halvorson
Dieter Krewedl
Ray Larson
Executive Advisory Board:
Robert Quartermain
Dr. Hans von Michaelis
STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties. Headquartered in Kelowna, British Columbia, the Company also has U.S. based Development Offices in Riverton, Wyoming and Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "STM".
ON BEHALF OF THE BOARD
David Miller, President and COO
FOR FURTHER INFORMATION PLEASE CONTACT:
Strathmore Minerals Corp.
Bob Hemmerling
Investor Relations
1-800-647-3303
or
Strathmore Minerals Corp.
Craig Christy
Investor Relations
1-800-647-3303
Email: info@strathmoreminerals.com
Website: www.strathmoreminerals.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
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