VANCOUVER, British Columbia, Aug. 24, 2006 (PRIMEZONE) -- Harp Sangha, CEO and President of Douglas Lake Minerals Inc. (OTCBB:DLKM), is pleased to announce the Honorable Joseph Rugumyamheto, has accepted the position as Chairman of the Board. Honorable Rugumyamheto brings to Douglas Lake a unique combination of African politics, international liaison and business skills that will be instrumental in advancing the Company towards a prominent position in the African gold mining sector.
The Honorable Joseph Rugumyamheto retired from Tanzania's public service in January 2006 after serving for over 35 years. The last position he held was Permanent Secretary in the President's Office, in charge of Public Service Management, a position he held for ten years. During that period he oversaw reforms that helped to transform Tanzania's public service from hostile and indifferent to a private-led, growth orientated environment that is investor-friendly. His educational background includes graduate studies from the Ivy League schools in the USA.
"On behalf of the Board, I am delighted that the Honorable Rugumyamheto has accepted the position as Chairman of our Board. His in-depth knowledge and expertise in all facets of government liaison and international affairs will be instrumental in launching Douglas Lake Minerals into the forefront of African gold mining," stated Mr. Harp Sangha, President. "The Honorable Rugumyamheto's experience is invaluable and we look forward to his participation."
Kulvinder (Kal) Matharu ceased to sit as Chairman of the Board and Vice President of African Affairs for Douglas Lake, effective August 11th. 2006.
About Douglas Lake Minerals, A Royalty-Based Resource Company
Our vision at Douglas Lake Minerals is to focus on exploring and developing gold, copper, nickel, uranium and diamond mining opportunities in Tanzania, a country with vast amounts of undeveloped mineral-rich natural resources. We are exploring and developing our large portfolio of prospecting concessions through royalty-based joint venture partnerships. Our strategy is to provide investors with considerable upside potential while minimizing future shareholder dilution through our royalty partnerships (www.douglaslakeminerals.com).
NOTE: No Exchange has either approved or disapproved the information contained herein. This news release many contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and risk factors beyond its control; and actual results may differ materially from expected results. The Company will not update forward-looking statements as conditions change. Factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's quarterly and other periodic filings with the SEC.