Pitchstone Engages Blueprint Investor Relations Consulting

 

Pitchstone Exploration Ltd. (TSX-V: PXP) is pleased to announce that it has retained Blueprint Investor Relations Consulting (“Blueprint”) and its CEO Dan Barnholden to develop and execute an investor relations campaign aimed at broadening awareness of Pitchstone in the capital markets.

Blueprint is a Toronto based investor relations firm specializing in capital markets solutions for junior mining companies.  Prior to forming Blueprint, Dan Barnholden gained experience in the mining sector as an investment banker with BMO Nesbitt Burns and has held other finance and investor relations related positions in Toronto, New York and London, England.  Dan has an MBA from the Ivey School of Business at the University of Western Ontario and a BA in English and Communications from McGill University. 

Blueprint has been engaged for a two year term.  In consideration for the services to be provided, Pitchstone will pay $20,000 for the first six month period and grant an option to purchase 60,000 shares at an exercise price of $1.38 expiring June 12, 2009.  Subsequent to the initial sixth months, Pitchstone will pay Blueprint a monthly retainer of $3,000 per month.  After six months the relationship may be terminated by either party with two months notice.

Pitchstone is an aggressive uranium exploration company with eight projects in the eastern Athabasca Basin, Saskatchewan, four projects in the Hornby Bay Basin, Nunavut and NWT, and an exploration partnership with Cameco and Motapa Diamonds in Gabon.

 

On behalf of the Board,

E.A.G. (Ted) Trueman, CEO and Director

 

For further information contact:  Ted Trueman, CEO, Pitchstone Exploration (604) 630 5560, ted@pitchstone.net, Dan Barnholden, CEO, Blueprint Investor Relations Consulting (416) 625 2334, dbarnholden@blueprintir.com,

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.  This news release may contain assumptions, estimates, and other forward-looking statements regarding future events.  Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company’s control, that may cause actual results or performance to differ materially from those currently anticipated in such statements.