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Trigon Uranium names Buchholz as Trigon Exploration COO

Posted by: oilflow on December 20, 2007 11:06AM

Thursday December 20 2007 - News Release

Mr. Sidney Himmel reports

TRIGON APPOINTS TOM BUCHHOLZ CHIEF OPERATING OFFICER AND HEAD OF US OPERATIONS; CORPORATE OPERATIONS TO MOVE TO TRIGON'S GOLDEN, COLORADO OFFICE

Trigon Uranium Corp. has appointed Thomas F. Buchholz, BSc, mining engineering, as chief operating officer of Trigon Exploration Utah Inc. and head of U.S. operations for Trigon Uranium. Trigon Exploration Utah is the wholly owned subsidiary of the company, through which all operations are owned and carried out. Mr. Buchholz and the Trigon team will operate from the Golden, Colo., office, which was established earlier this year. Prior to this promotion, Mr. Buchholz has been Trigon's senior mining engineer. Mr. Buchholz is an engineering professional with 36 years of mining experience, including 10 years as the mine manager of the Schwartzwalder uranium mine of Colorado, where he successfully managed mining operations of the 200-man mine.

Trigon further intends to complete the transfer of all operations (except finance and accounting) to the Golden, Colo., office. The winding down of the Kelowna office will provide considerable efficiencies in exploration and development logistics, including savings in office expenses.

Sidney Himmel, the president and chief executive officer of the company, stated: "We are pleased to have a cohesive team of highly experienced uranium professionals carrying out the exploration and development of our American uranium properties. Tom Buchholz, who is an experienced manager, will head operations. Bruce Norquist PE, MS, mining engineering, will continue to work with Tom as chief mine engineer. John Nelson, with over 24 years of experience in the exploration and production of uranium in the United States, continues to head up the geology team. We look forward with excitement to the development of the Marysvale and Henry Mountains projects during 2008, which will involve significant drilling of both properties and mine planning for feasibility at Marysvale. We are also aggressively investigating significant advanced exploration project and mining opportunities."

Mr. Buchholz has been awarded 200,000 options to acquire shares of the company at 20 cents per share, valid for a term of four years. To accommodate the change, former chief operating officer Magnus Haglund has resigned his position, as well as from the board of directors of the company. Mr. Haglund was an integral part of Trigon's management team since inception and was particularly valuable for his wealth of diamond exploration experience. The company thanks him for his valuable services and wishes him well in his future endeavours.

"We recognize that 2007 has not produced appropriate financial returns for investors and will work to ensure that improvements are made for our investors in 2008," added Mr. Himmel.

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