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American International Announces New Management.


Business Editors

LODI, N.J.--(BUSINESS WIRE)--April 13, 2004

American International Ventures Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: AIVN) announces that the management of the company has been reorganized with the appointment of two new Officers to the Corporation. The Company welcomes Myron A. Goldstein, Chairman of the Board, and James K. Duff, CEO/President. Jack Wagenti, who previously had been serving as President, Chief Financial Officer, Secretary and Treasurer will continue to serve as the Chief Financial Officer, Secretary and Treasurer.

Mr. Myron A. Goldstein, Chairman of the Board

Mr. Goldstein is a senior mining executive with over 30 years diversified international management, exploration and development experience in precious and base metals and uranium. Mr. Goldstein has significant expertise in corporate governance Corporate Governance

The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law.
 and management, business development, economic evaluation, negotiations, budget and staff management. He is a graduate of the University of Toronto Research at the University of Toronto has been responsible for the world's first electronic heart pacemaker, artificial larynx, single-lung transplant, nerve transplant, artificial pancreas, chemical laser, G-suit, the first practical electron microscope, the first cloning of T-cells,  where he earned a Ph.D. in Physics and Geophysics. His Ph.D. thesis work led to the development of the CSMAT geophysical technique that is in widespread use in mining exploration. He also earned a M.S. in Geophysics from the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, , and a B.S. degree in Engineering Geophysics from the Colorado School of Mines Colorado School of Mines, at Golden; state supported, coeducational; chartered 1874. It was one of the first mineral engineering schools in the United States. . He has previously been employed by Kennecott Copper, Esso Eastern, Chevron Exploration Corporation, Unirex, Coeur d'Alene Mines Corporation, Lac Minerals and Global Mining Management.

James K. Duff, Chief Executive Officer/President

Mr. Duff is an experienced mining executive with 35 years of diverse international experience in the precious and base metal mining industry in U.S., Canada, Latin America and Australia. He earned a B.S. degree in geology from the Mackay School of Mines at the University of Nevada University of Nevada could refer to either of the universities in the Nevada System of Higher Education:
  • University of Nevada, Reno (UNR)
  • University of Nevada, Las Vegas (UNLV)
 Reno, a M.S. degree in geology from the University of Idaho The university was formed by the territorial legislature of Idaho on January 30, 1889, and opened its doors on October 3, 1892 with an initial class of 40 students. The first graduating class in 1896 contained two men and two women. , and he completed the Program for Management Development at the Harvard School of Business. Mr. Duff has previously been employed by Bear Creek Mining Company (Kennecott Copper Company), Newmont Mining Company, Cyprus Mining Company, White Pine Copper Company, the Bunker Hill Company, St. Joe Minerals, Bond International Gold Company and Coeur d'Alene Mines Corporation. From 1995 through 2002 he was Vice President of Business Development for Coeur d'Alene Mines, a public company listed on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
, and he is currently a consultant to Coeur d'Alene Mines. Mr. Duff also serves as the non-executive Chairman of Little Squaw Gold Mining Company, a publicly listed U.S. company that has a large exploration stage gold property in Alaska.

The new management appointments follow the removal of the previous Chairman and President by action of the company's Board of Directors and shareholders. These individuals had been engaged by the company in 2002 to lead it into the mining business, and they assisted AIVN in the acquisition of the Bruner property in Nevada. However, the board subsequently uncovered activities by these individuals which caused their removal and which are the subject of current legal action by AIVN.

AIVN is also pleased to announce that it has filed all past due 10-KSB and 10-QSB reports with the SEC (EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. ), and the company is now fully reporting under SEC rules. Consequently, trading in the Company's stock can now take place on the NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 OTC Bulletin Board OTC Bulletin Board

An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system.
, and the OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 Pink Sheets. The company currently has 16,348,544 shares outstanding.

AIVN is an exploration stage company that is focused on the acquisition, exploration and development of gold projects. The Company's principal gold project is the Bruner property, which is located in Nye County Nevada in a region known as the Walker Lane gold belt, 125 miles east-southeast of Reno, Nevada. AIVN owns 28 patented claims totaling 560 acres and 48 unpatented claims totaling 940 acres for a total land position of 1,500 acres in the heart of the Bruner district. All claims are in good standing.

Several high-grade gold mines and prospects have been developed in the Bruner district in auriferous au·rif·er·ous  
adj.
Containing gold; gold-bearing.



[From Latin aurifer, gold-bearing : aurum, gold + -fer, -fer.
 quartz veins hosted by Tertiary volcanic rocks. Past production at Bruner has been estimated at approximately 55,587 ounces of gold contained in 99,625 tons of ore, which is equivalent to a recovered grade of 0.562 oz gold/ton. Several large scale volcanic-hosted precious metal deposits are located in the general vicinity, including Rawhide Rawhide

series depicting cowboys as cattle-punchers along the Santa Fe trail. [TV: Terrace, II, 235]

See : Wild West
 (1.4 million ounces gold total production, currently in reclamation), Round Mountain (720,000 ounces gold current annual production with over 9 million ounces produced through 2003), and Paradise Peak (1.5 million ounces gold).

During the past 25 years several companies have conducted exploration in the Bruner district for volcanic-hosted, bulk-tonnage precious metal mineralization Mineralization
The process by which the body uses minerals to build bone structure.

Mentioned in: Rickets

mineralization,
n the bioprecipitation of an inorganic substance.
. The work that was completed includes geological mapping and sampling, about 1,000 soil geochemistry samples, several hundred rock chip samples from outcrops and underground workings, helicopter-airborne and ground geophysics, and 147 drill holes totaling 65,185 feet. Most of the drill holes were reverse circulation holes.

AIVN is currently evaluating the project data and formulating plans for a drilling program. The company is also exploring a private placement equity financing to fund the exploration.

FORWARD-LOOKING STATEMENTS: This news release contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation statements regarding potential mineralization, resources and reserves, and development results, and the future plans and objectives of American International Ventures while forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate in actual results of future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from American International Ventures expectations are the down turn of the price of gold, inability of funds and also, the inability to obtain attractive properties.
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Publication:Business Wire
Date:Apr 13, 2004
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