High River Gold Mines Ltd.

High River Gold Mines Ltd.

December 10, 2009 08:00 ET

High River Gold Announces Appointment to the Board of Directors and the Audit Committee

TORONTO, ONTARIO--(Marketwire - Dec. 10, 2009) - High River Gold Mines Ltd. ("High River") (TSX:HRG) is pleased to confirm the appointment of Richard Ogdon to the board of directors and the audit committee of High River. Mr. Ogdon was appointed concurrently with the closing of the previously announced private placement to Polenica Investments Limited, an affiliate of Troika Dialog Group ("Troika Dialog").

Mr. Ogdon is the Chief Risk and Capital Officer of Troika. He joined Troika Dialog in 2003 as Managing Director and Head of Investment Banking. He then held two positions at Uralsib Financial Corporation, as head of Corporate Finance and Co Head of Private equity, 2005-2006, before returning to Troika in 2006 to become Managing Director in the Office of the President responsible for, risk management, capital raising and strategic partnerships. From 1987-2000, Mr. Ogdon held numerous investment banking positions within UBS Warburg both in London and Moscow, founding the bank's Moscow office in 1994 and leading its local Russian investment banking business. Mr. Ogdon has a very successful track record that includes milestone deals in the history of Russian capital markets, both in the 1990's and in this decade.

About High River

High River is unhedged gold company with interests in producing mines and advanced exploration projects in Russia and Burkina Faso. Two producing mines, Zun-Holba and Irokinda, are situated in the Lake Baikal region of Russia. Two new open pit gold mines, Berezitovy in Russia and Taparko-Bouroum in Burkina Faso, are also in production. Finally, High River has two advanced exploration projects with NI 43-101 compliant resource estimates, the Bissa gold project in Burkina Faso and 50% interest in the Prognoz silver project in Russia.

Contact Information

  • High River Gold Mines Ltd.
    Igor Klimanov
    011 7 495 981 0910 ext. 6678
    Email: info@hrg.ca
    Website: www.hrg.ca