VANCOUVER, BC — (Marketwire) — 05/26/10 — Sillenger Exploration Corp. (“Sillenger”) SLGX SLGX is pleased to unveil its proprietary CLP Claims Licensing Program(R) (“CLP”). The CLP is designed to assist governments of emerging countries to attract foreign capital investment to establish the foundations for sustained economic growth through the development of their natural resource sectors.
Change in Africa is occurring at a much faster pace than many realize. Many African governments have recognized the need for democratization and economic development, legal reform, and political stability, and have been undergoing relatively peaceful transitions to liberal democratic and market-based economies.
While rich in resources, many of these countries still find it difficult to attract the capital and expertise required to improve their industrial and social infrastructures, because the international perception is that the investment risk is simply too high.
Mining and oil companies must go where the resources are and Sillenger’s CLP was developed to facilitate access by such companies. A major proprietary design aspect of the CLP serves to reduce many of the jurisdictional investment risks for mining and oil & gas companies. It can also provide companies specific exploration targets that could carry a high probability of success, so that the key drivers simply become normal course investment decisions based on the quality of the project.
The CLP is a turnkey process Sillenger uses with its Government partners that provides a “fast-track” to expediting all necessary permits, licenses, legal, and other bureaucratic documentation and procedures that exploration and extraction companies would require in order to begin their work programs in these countries.
The Sillenger CLP Claims Licensing Program(R) is improving the way natural resources are managed. While the Company’s focus is Africa, the CLP can just as easily be applied in Canada, the US, or any other country or region that requires efficient management of its natural resources.
About Sillenger Exploration Corp.
Sillenger is a natural resource development company dedicated to bringing a progressive, creative and proprietary approach to natural resource exploration. The Company believes Africa to be the new frontier in the mining industry. Parts of Africa have been noted for a rich history in gold, diamond, and other precious mineral mining. The continent hosts a number of major base metals mines extracting copper, zinc, bauxite, iron ore, etc. Recent exploration activity has led to the discovery of rare element strategic minerals such as uranium, tantalum, gallium and lithium.
While Sillenger’s initial focus will be Africa, the Company will consider and examine any opportunities that lend themselves to the income statement and can build lasting value for Sillenger shareholders.
Forward-Looking Statements
Information in this press release may contain ‘forward-looking statements.’ Statements describing objectives or goals or Sillenger Exploration Corp.’s future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of Sillenger Exploration Corp. and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the ‘Safe Harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995.
Contact:
Sillenger Exploration Corp.
Telephone: 310-860-5686
Email: info@sillenger.com
Investor Relations:
Drew Farion
drewfarion@sillenger.com
Source: Market Wire (May 26, 2010 – 8:45 AM EDT)
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