| May 11, 2009 Amato Exploration Ltd. Appoints Advisory Board and grants Options | |
| Vancouver, British Columbia -- May 11, 2009 -- Amato Exploration Limited (the "Company") is pleased to announce that it has created an advisory board to advise its board of directors and has appointed Messrs. Dan Kostiuk and Jim Henning as members of such board. Mr. Kostiuk is a corporate lawyer, who has provided legal advice, strategic planning, corporate governance and M&A advice to both public and private companies. He has advised in the setting up of onshore and offshore corporate structures and the implementation of resource transactions in various countries. Mr. Kostiuk has been a director and member of audit committees of four companies listed on the TSX Venture Exchange. Mr. Henning is a chartered accountant, who has provided accounting and financial advice, strategic planning, corporate governance and M&A advice to both public and private companies. He has advised on targeting specific properties and companies in the resource sector in many countries. The Company also announces that it has granted an aggregate of 400,000 incentive stock options pursuant to its option plan to directors and consultants, including 200,000 incentive stock options to its investor relations service provider, Acqua Capital Group ("Acqua") as announced in the Company's news release of April 29, 2009. The options are exercisable at price of $0.77 until May 11, 2014. The options granted to Acqua are subject to vesting provisions pursuant to which 50,000 options will vest on a quarterly basis over a 12 month period from the date of grant. For additional information, please contact: Melvin Reeves, Chief Executive Officer and Director (604) 315-2559 This news release contains certain information that may be deemed "forward-looking information". Forward looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results may differ materially from those in the forward looking information. Forward looking information is based on the beliefs, estimates and opinions of the Company's management on the date the statement is made. The Company undertakes no obligation to update the forward looking information in the event that management's beliefs, estimates or opinions, or other factors, should change, except as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. | |
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