Cangold Limited
TSX VENTURE : CLD

Cangold Limited

December 15, 2011 18:36 ET

Cangold Elects Ken Major to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15, 2011) - Cangold Limited (TSX VENTURE:CLD) (the "Company") is pleased to announce the election of Ken Major, P. Eng., to the Board of Directors of the Company at today's Annual and Special General Meeting of shareholders.

Mr. Major graduated from McGill University with a degree in Metallurgical Engineering in 1976. He brings more than 35 years of experience in the mining industry to the Company, including mine operations and management with Sherritt Gordon Mines and Newmont Mining. In 1987, Ken joined Kilborn Engineering in Vancouver as a Senior Process Engineer and Project Manager.

In 1994, Ken became an Owner/Partner in the start of Rescan Engineering Ltd., an engineering company providing feasibility study and detailed engineering services to the mining industry. Rescan Engineering was subsequently acquired by Hatch Engineers and became the global hub for the development of mining and mineral processing engineering opportunities. In 2006, Ken left Hatch to become an independent process consultant, KWM Consulting Inc., and has continued to provide services to the mining community, including major companies such as Newmont Mining, Goldcorp and Agnico-Eagle.

"As a director, Ken will add ongoing strength to the Company's engineering oversight as we advance the Ixhuatan Project towards feasibility," said Robert Archer, the Company's President & CEO. "We are fortunate in having a person of his extensive experience join us, and welcome him to the Board of Cangold."

ON BEHALF OF THE BOARD

Kaare G. Foy, Executive Chairman

CANGOLD LIMITED

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