Vancouver, British Columbia CANADA, Aug 24, 2011 (Filing Services Canada via COMTEX) — Westridge Resources Inc. (WST – TSX Venture), is pleased to announce the appointment of Peter Schulhof as Chief Executive Officer and director of Westridge Resources Inc. Mr. Schulhof is an experienced businessman with over 30 years’ experience in both the public markets and private enterprise. For the past decade Mr. Schulhof has worked in the mining industry, including in junior resource exploration and is well qualified to lead the company through its next stage of growth which will entail oversight of the development of the Company’s newly acquired Charay project in Mexico, and to pursue additional acquisitions and market expansion. A component of Mr. Schulhof’s prior experience included significant development projects in Mexico. This experience will greatly assist the Company as it shifts its focus to its Mexican project.
Mr. Schulhof’s experience has been mostly in entrepreneurial activity at an executive management level, from early stage incubation to sales, mergers and other exit strategies. Formerly, he was the CEO of Delbrook Corporation for two years, which became Argentex Mining Corp. (ATX.V). He was also the Executive Vice President of 2020 Group Inc. from 2001-2006, a Multifamily Syndication and Resort Development group.
“I am excited to be the CEO of Westridge at this juncture of the company’s development” comments Mr. Schulhof. “The Charay Project, which recently reported exceptional due diligence drill results is virtually unexplored and represents a great gold exploration opportunity for the Company. In addition, I am looking forward to increasing the depth and quality of the Westridge team. We are focused on increasing shareholder value, and I am confident that we will see that increase in the near future.”
In order to make way for Mr. Schulhof, Mr. Chris Cooper has resigned as both President and director of the Company and will continue to provide certain transitional services to assist Mr. Schulhof in his new role. The Company and its Board of Directors would like to thank Mr. Cooper for his contributions over the past two years.
About Westridge Resources
Westridge Resources Inc. is a Canadian-based mineral exploration company focused on the acquisition, evaluation and exploration of mineral resource properties. As recently announced, Westridge has entered into an option agreement to acquire up to a 100% interest in the Charay Project, located in Sinaloa State, Mexico. Westridge expects to initiate an exploration and core drilling program on the Charay property before the end of 2011.
For further information please contact Ron Cooper, investor relations for the Company, at 877-692-8288.
ON BEHALF OF THE BOARD
Dr. Robert W. Barker
Director
Certain information regarding the Company including management’s assessment of future plans and operations may constitute forward-looking statements under applicable securities laws. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
WESTRIDGE RESOURCES INC.
Suite 1910, 1055 West Hastings Street
Vancouver, British Columbia, V6E 2E9
