Northern Gold Announces Appointment of Greg Gibson to Its Board of Directors
TORONTO, ONTARIO -- (Marketwire) -- 06/14/12 -- NORTHERN GOLD MINING INC. (TSX VENTURE: NGM) ("Northern Gold" or the "Company") is pleased to welcome Mr. Greg Gibson to the Board of Directors, effective immediately.
Mr. Gibson is currently President and Chief Executive Officer of Trelawney Mining and Exploration Inc. (TSX VENTURE: TRR). Mr. Gibson has over 30 years of experience in the mining industry having worked as a mine manager for gold and copper mines in Australia, a nickel mine in Timmins, Ontario and a gold mine in British Columbia. Previously he has worked for JS Redpath, Dynatec Mining Ltd., Yilgarn Star Gold Mine, and Copper Mines of Tasmania.
Mr. Gibson currently serves as a director of Trelawney Mining and Exploration Inc., Portage Minerals Inc. (CNSX: RKX), Mag Copper Ltd. (CNSX: QUE), F.D.G. Mining Inc. (TSX VENTURE: FDG) and Temex Resources Corp. (TSX VENTURE: TME).
In making this announcement, Lieutenant-General J. C. "Jim" Gervais, CMM, CD (ret'd), Chairman of the Board of Directors of the Company, stated "Greg's extensive experience strengthens the Board at an important and exciting time for Northern Gold. His proven strategic management and operational experience will complement the Board's existing skill set as we continue to grow the business." President and CEO Martin Shefsky also commented "Greg's reputation is second to none. I am confident that he will add tremendous value to our advanced stage exploration projects on the Garrison Gold Property and I look forward to working with him."
In connection with this appointment, Mr. Gibson has been awarded 400,000 stock options priced at $0.20, expiring June 13, 2017.
Concurrent with this announcement, Northern Gold also announces the resignation of Patrick Culhane from the Board of Directors of the Company effective June 11, 2012, for personal reasons. Mr. Culhane has served as a Director of the Company since it was founded in May 2006, and has contributed greatly to the success of the Company during his five years on the Board. Mr. Culhane will continue to be a valued member of the Northern Gold team.
About Northern Gold
Northern Gold Mining Inc. is a TSX-V listed, publicly traded junior resource company based in Toronto, Ontario, dedicated to the discovery and development of high value mineral deposits in the proven mining camps of Kirkland Lake and Timmins in Northeastern Ontario. Northern Gold is focused on developing two gold deposits on its 100% owned Garrison Gold Property. In addition to the advanced stage Jonpol and Garrcon Gold Deposits, the property hosts several other gold mineralized showings including the less advanced 903 gold mineralized area. The Garrison Gold Property has historical mining infrastructure at both the Jonpol and Garrcon Deposits, and producing mines are located near the property.
CAUTIONARY STATEMENT: This News Release includes certain "forward-looking statements." These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.