Hawthorne Gold Corp.
TSX VENTURE : HGC
PINK SHEETS : HWTHF

Hawthorne Gold Corp.

September 11, 2009 17:35 ET

Hawthorne Appoints New Directors to Board; Grants Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2009) - Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX VENTURE:HGC)(PINK SHEETS:HWTHF) is pleased to announce the appointments of Mr. Donald Siemens and Mr. John Nugent to its board of directors.

"I would like to welcome our new board members, and look forward to their involvement with Hawthorne's strategic planning going forward. Each of our new directors brings specialized experience to the board, including significant knowledge and experience in the capital markets, corporate finance and mergers and acquisitions. The new appointments add valuable strength and depth to Hawthorne's board, and we look forward to their contributions to the Company's growth strategy," stated Michael Beley, Chairman of the Company.

Mr. Donald Siemens brings over 30 years of experience to the board as a Chartered Accountant, including 8 years in public practice as a partner with major accounting firms, 8 years in senior executive positions in industry and 18 years as a self-employed Financial Services executive. Currently, as an independent financial advisor, Mr. Siemens specializes in Corporate Finance, cross-border transactions and Mergers & Acquisitions. He serves as a director and Audit Committee Chair for three public companies: Los Andes Copper Ltd., Nikos Explorations Ltd., and Adriana Resources Inc. Previously, Mr. Siemens was Partner-in-Charge of Thorne Ernst & Whinney's (now KPMG) Vancouver office Financial Advisory Services group. Mr. Siemens obtained a Chartered Accountant designation in 1972, and a B.A. from University of British Columbia.

Mr. John Nugent practiced corporate and commercial law in Toronto prior to becoming an investment banker with Midland Doherty Ltd. After a period in senior management at Midland, Mr. Nugent became president of Gardiner Group Stock Brokers Inc. that was sold to the Toronto Dominion Bank. Mr. Nugent was a co-founder and president of Romanex Limited, a mineral exploration company, that acquired and developed properties in South America and Africa that were sold to Sutton Resources Ltd., which was itself acquired by Barrick. John then became president of International Barytex Resources Ltd., a public mineral exploration company doing business in Canada and Tanzania. Mr. Nugent currently serves as a director of Nikos Exploration and Los Andes Copper Ltd., and is Chairman of Hansa Resources (previously President & CEO).

Hawthorne also wishes to announce it has granted an aggregate of 3,200,000 share purchase options to directors, officers, employees and consultants of the Company pursuant to the Share Option Plan approved by shareholders. The options are exercisable at a price of $0.48 per share, have a term of five years and are subject to vesting restrictions over a period of 18 months from the date of the grant. Included in the grant are 100,000 stock options granted to Freeform Communications Inc., which performs investor relations services for the Company.

About Hawthorne Gold Corp.

Hawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties in British Columbia, Canada. Hawthorne is led by well-respected mining leaders Richard Barclay and Michael Beley. Hawthorne's goal is to become a junior gold producer by working towards production at Cassiar Gold Mine in Q4 2009 / Q1 2010 and to continue resource development of the nearby Taurus deposit, as well as the Frasergold deposit in the south central British Columbia Cariboo region. Hawthorne continues to review potential acquisitions, focusing on high quality, advanced gold development opportunities.

ON BEHALF OF HAWTHORNE GOLD CORP.

Michael J. Beley, Chairman

Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable.

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 of accuracy of this release.

Contact Information

  • Hawthorne Gold Corp.
    Todd Hanas
    1-866-869-8072 or (604) 629-1505
    (604) 629-0923 (FAX)
    www.hawthornegold.com