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Last updated on April 19, 2014 at 21:20 EDT

Gil Leathley is appointed Senior Advisor to the Chief Executive Officer of Sunward

November 26, 2012

Will Focus on the Advancement of 100%-owned Titiribi Project in Colombia

VANCOUVER, Nov. 26, 2012 /CNW/ – Sunward Resources Ltd. (“Sunward” or the “Company”) (TSX: SWD; OTCQX: 
SNWRF)
is pleased to announce that Mr. Gillyeard (Gil) Leathley has been
appointed Senior Advisor to the Chief Executive Officer of Sunward as
the Company continues to advance its 100%-owned Titiribi project in
Colombia. The appointment is effective immediately.

Mr. Leathley has been a member of the Board of Directors of Sunward
since January 2011. He has more than 50 years of mining experience in
the industry where he has been involved in all aspects of mine
construction and operations around the world. Originally from Scotland,
he trained as a Mine Surveyor and Industrial Engineer with the Scottish
National Coal Board, working his way through coal and bauxite mines and
eventually to gold and copper mining. Mr. Leathley was the driving
force in overseeing the development of several major operating mines in
Canada, Australia and South America on behalf of Noranda Mining,
International Corona Corporation and Homestake Mining Company where he
served as Senior Vice President and Chief Operating Officer before
retiring in 2000. Most recently, he held the position of Senior Vice
President and Chief Operating Officer of NOVAGOLD Resources Inc., a
precious metals company engaged in the exploration and development of
mineral properties in North America. Mr. Leathley also serves on a
number of Boards of North American mining and mineral exploration
companies.

Chief Executive Officer Colin Andrew commented: “I am looking forward to working with Gil on establishing concrete
options for a staged and cost-effective development of Titiribi, one of
the most significant gold-copper districts in South America. His wealth
of experience in building and operating mines will be of immense value
to Sunward as the Company continues to advance Titiribi’s Cerro Vetas
project toward development and ultimately production
.”

ABOUT SUNWARD:

Sunward Resources is a well-capitalized, Canadian-based company focused
on the exploration and development of gold/copper porphyry projects in
Colombia. The 100%-owned Titiribi Project is located approximately 70
kilometres southwest of the city of Medellin, Colombia, in Antioquia
department, within the historical Titiribi mining district (estimated
total production to date of 1.5 to 2 million ounces gold equivalent).
Access is by paved highway from Medellin.

Titiribi currently hosts an NI 43-101 compliant Measured & Indicated
Mineral Resource of 4.6 million ounces gold (within 275.4 million
tonnes grading 0.52 grams per tonne gold and 0.17 per cent copper,
using a 0.3 grams per tonne gold cut-off), along with an additional
Inferred Mineral Resource of 6.4 million ounces gold (within
359.6million tonnes grading 0.56 grams per tonne gold using a 0.3 grams
per tonne gold cut-off; see Report dated June 2012 available at
www.sunwardresources.com and on SEDAR).

Titiribi thus contains 6.28 million ounces of gold equivalent in the
Measured & Indicated Resource categories and a further 7.51 million
ounces of gold equivalent in the Inferred Resource category, calculated
on the basis of gold price of $1,114 per ounce and copper price of
$3.07 per pound (See Report dated September 2011 available at www.sunwardresources.com and on SEDAR.)

Cautionary Statement regarding Forward Looking Information

This news release contains “forward-looking information”, which may
include, but is not limited to, statements with respect to the future
financial or operating performance of Sunward Resources Ltd. and its
projects. Often, but not always, forward-looking statements can be
identified by the use of words such as “plans,” “expects,” “is
expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,”
“anticipates,” “believes” or variations (including negative variations)
of such words and phrases, or state that certain actions, events or
results “may,” “could,” “would,” “might” or “will” be taken, occur or
be achieved. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Sunward Resources Ltd. to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements.
Forward-looking statements contained herein are made as of the date of
this press release and Sunward Resources Ltd. disclaims, other than as
required by law, any obligation to update any forward-looking
statements whether as a result of new information, results, future
events, circumstances, or if management’s estimates or opinions should
change, or otherwise. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, the reader is cautioned not to place undue
reliance on forward-looking statements.

SOURCE Sunward Resources Ltd.


Source: PR Newswire