Dalradian Resources Inc.
TSX : DNA
AIM : DALR

Dalradian Resources Inc.

February 03, 2015 02:15 ET

Dalradian Appoints Eric Tremblay as COO

TORONTO, ONTARIO--(Marketwired - Feb. 3, 2015) - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company") announces the appointment of Eric Tremblay as Chief Operating Officer, effective March 16, 2015. Mr. Tremblay brings more than 25 years of mine building and mine operations experience, much of it at underground mining operations, culminating in his current position as General Manager at Canada's largest gold mine, Canadian Malartic, which is jointly owned by Agnico-Eagle Mines Limited and Yamana Gold Inc.

Patrick F.N. Anderson, Dalradian's CEO, commented:

"Eric is a fantastic addition to our growing technical team, and will lead the recently commenced Pre-Feasibility Study looking at processing and tailings options, mine planning and site selection for the surface infrastructure. With our underground exploration program well underway under the skilled direction of Ruth Ives, our VP Project Development, this will be an exciting and transformative year for Dalradian as we advance the project towards a permit application in early 2016."

Eric Tremblay was appointed General Manager of the Canadian Malartic Mine in September, 2011, Canada's largest open pit gold mine, then owned by Osisko Mining Corporation. He built up the operations team, established operating procedures and standards, expanded stakeholder engagement and managed an internal team of 700 employees. In 2014 his team achieved a record of more than 500,000 ounces of production at a cost under $700/oz. Prior to that, Mr. Tremblay was General Manager at IAMGOLD's Westwood Project, where he participated in closure of the Doyon Mine and construction of the Westwood Project. He was charged with completing the permitting, scoping study, feasibility study, surface construction and underground development at Westwood. Also while at IAMGOLD, Mr. Tremblay was General Manager of the Sleeping Giant Mine, an underground mine using multiple mining methods (long hole, shrinkage, room and pillar). His mandate was to optimize production and return the mine to profitability. Previous positions, included Underground Superintendent at Cambior's Mouska Mine, Underground Captain/Project Engineer/Senior Supervisor over a seven-year period at Cambior and Barrick's Doyon Mine, where he was involved in mine-planning, construction, development and production. During his studies and afterwards he worked on various underground mines and projects, including Musselwhite. Mr. Tremblay graduated from Laval University with a B.Sc. in mining engineering and mineral processing.

Also joining our team is Stephen Barnes, our new Environmental Manager, who will coordinate the Environmental and Social Impact Assessment being carried out in conjunction with the Pre-Feasibility Study, as well as managing our overall environmental compliance. Stephen has relocated back to his native Northern Ireland from Canada, where he worked most recently as a Senior Environmental Scientist and Project Manager with Golder Associates, working on a number of large mining projects. Stephen holds a PhD in Hydrogeology from Queen's University, Belfast, and is well versed in the regulatory and permitting environment in Northern Ireland.

In addition, Robert Morrison has joined Dalradian as Mineral Resource Manager. Robert is an experienced mineral resource geologist, and will play a key role in updating the mineral resource estimate for the Curraghinalt deposit as part of the ongoing PFS. He is currently an elected Councillor-at-Large with the Association of Professional Geoscientists of Ontario (APGO) and holds a PhD in Geology from the University of Adelaide. Robert has over 25 years' experience in the mining industry, most recently as Lead Resource Geologist with Tetra Tech WEI in Toronto. Prior to Tetra Tech, he was Senior Resource Geologist with both BHP Billiton and Gold Fields Ltd in Australia.

About Dalradian

Dalradian Resources Inc. is a Canadian incorporated gold exploration and development company that is focused on advancing its high-grade Curraghinalt Gold Project located in Northern Ireland, United Kingdom. The Company has commenced a work program with a fully-funded budget of approximately C$30 million and the goal of completing a pre-feasibility study in support of a planning application for construction of an operating mine at Curraghinalt. Components of the program include underground exploration, which incorporates approximately 1,200 metres of development and 20,000 metres of underground drilling, a pre-feasibility study and an environmental impact assessment.

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, test work and confirming results from work performed to date, estimation of mineral resources and the realization of the expected economics of the Curraghinalt Gold Deposit. Often, but not always, forward-looking statements can be identified by the use of words and phrases such as "plans," "expects," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates," or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions, such as continued political stability in Northern Ireland, that permits required for the Company's operations will be obtained in a timely basis in order to permit the Company to proceed on schedule with its planned development and exploration programs, that skilled personnel and contractors will be available as the Company's operations continue to grow, that the price of gold will be at levels that render the Company's mineral project economic, that the Company will be able to continue raising the necessary capital to finance its operations and realize on mineral resource estimates, and that the assumptions contained in the PEA are accurate and complete.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; actual results of reclamation activities; conclusions of economic evaluations; meeting various expected cost estimates; changes in project parameters as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled "Risk Factors" in the Company's annual information form.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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