Gulf Oil Spill Goes from Disaster to Catastrophe

^{Published on 2010-06-04 10:30:04 - Market Wire}
 

Gulf Oil Spill Goes from Disaster to Catastrophe -- HOLLYWOOD, Fla., June 4 /PRNewswire-FirstCall/ --

''Time is now for BP to reach out for help,'' said Golden Age Resources, Inc. (GDAR) CFO Graham Larmer.

HOLLYWOOD, Fla., June 4 /PRNewswire-FirstCall/ -- Golden Age Resources, Inc., (Pink Sheets: GDAR) and its strategic alliance partner, Cobra Technologies, announced today the hiring of Geometrix Engineering, Inc. of Hollywood, FL to finalize the development of Cobra. This is a high pressure, oil containment system that is designed to stop deep water oil leaks like the one that is devastating the areas in the Gulf of Mexico. Now that "top kill" has failed and the relief well will not be ready till August, Cobra seeks an invitation from BP to assist in stopping this unprecedented oil leak.

Ken Boutilier, President of Cobra Technologies, has made numerous attempts to contact BP without success. Boutilier states, "If BP moves ahead with the next planned experiment, without a sound contingency plan, and it fails, the outcome will be catastrophic." GDAR and Cobra Technologies stand ready to help put an end to the worst oil spill in American history.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

SOURCE Golden Age Resources, Inc.