SOURCE: Carlisle Goldfields Limited

Carlisle Goldfields Limited

September 08, 2015 07:30 ET

Carlisle Announces Appointment of Jamie Porter to the Board of Directors

TORONTO, ON--(Marketwired - September 08, 2015) - Carlisle Goldfields Limited ("Carlisle" or the "Company") (TSX: CGJ) (OTCQX: CGJCF) announces the appointment of Jamie Porter, CPA, CA to the Board of Directors, subject to TSX approval.

Mr. Porter is the Chief Financial Officer of Alamos Gold and has over 15 years of progressive experience in the mining industry, having started his career at PricewaterhouseCoopers LLP managing audits of public companies. In 2003, Mr. Porter joined a Central American-based gold producer and held the roles of Controller and Corporate Secretary. In 2005, Mr. Porter joined Alamos as Controller, was promoted to Vice President of Finance in 2008 and to Chief Financial Officer in 2011. Mr. Porter is also a Director of Canadian Feed the Children, a registered charity in Canada.

Mr. Porter replaces Mr. Chris Richter who resigned his position as director on September 4, 2015.

Carlisle’s President and CEO, Abraham Drost, commented that: “we thank Chris Richter for his service on the Carlisle Board and wish him all the best with his new venture. We welcome Jamie Porter to the Carlisle board and look forward to a productive future with our joint venture partner Alamos Gold.”

About Carlisle: Carlisle Goldfields Limited is a gold exploration and development company on an earn-in and joint venture with Alamos Gold Inc. (TSX: AGI) ("Alamos") working towards feasibility and development of its Lynn Lake Gold Camp in Lynn Lake, Manitoba, Canada. Carlisle has NI 43-101 compliant mineral resource estimates on five (5) deposits within its Lynn Lake Gold Camp, four of which form the basis for the February, 2014 (www.sedar.com) Preliminary Economic Assessment ("PEA") technical report (Farley Lake Mine Deposit, MacLellan Mine Deposit, Burnt Timber Mine Deposit, and Linkwood Deposit).

A second PEA technical report filed in April, 2014 focused on an open pit mining and processing model for the past-producing Farley Lake Mine and MacLellan Mine deposits. The latter is the starting point for further feasibility level engineering and development work by the Lynn Lake Joint Venture in the current study with Alamos as Operator.

Carlisle's objective, together Alamos, its government, municipal and First Nation project stakeholders, is to efficiently advance the Lynn Lake Gold Camp Project through a compliant feasibility study, environmental and mine permitting to set the stage for resumption of gold production in the historical Lynn Lake mining camp, Manitoba.

Further details including mineral resource technical reports are available on SEDAR (www.sedar.com) or carlislegold.com/resource-summary.php.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The Company's shares and other securities have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent an applicable exemption from the registration requirements.

Except for statements of historical fact contained herein, the information in this press release may constitute "forward-looking information" within the meaning of Canadian securities law. Other than statements of historical fact, all statements are "forward-looking statements", including the establishment and estimate of resources that involve various known and unknown risks and uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "forward-looking statements". Except as otherwise required by applicable securities statutes or regulation, Carlisle expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

Neither IIROC nor the TSX accepts responsibility for the adequacy or accuracy of this press release.

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