Dalradian Resources Inc.
TSX : DNA
TSX : DNA.WT
AIM : DALR

Dalradian Resources Inc.

December 03, 2015 02:00 ET

Dalradian Resources Inc.: Dr. Adshead-Bell Joins Dalradian's Board of Directors

TORONTO, ONTARIO--(Marketwired - Dec. 3, 2015) - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company") announces that Dr. Nicole Adshead-Bell has been appointed as a non-executive director of the Company, effective immediately.

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

"We are pleased to welcome Dr. Adshead-Bell to our board in this pivotal year for Dalradian. Nicole's experience and contacts in the mining and investment industries will be a great contribution to an already strong board. The rest of the board and I look forward to working with her as we move Dalradian along the path to production."

Dr. Adshead-Bell has over 20 years of experience in the mining sector and capital markets most recently as Director of Mining Research at Sun Valley Gold; a US based, SEC registered investment advisor focussed on the precious metals sector. Previously, she was a Managing Director at Haywood Securities Inc., where she focussed on building the company's M&A and financing business in the mining sector. Earlier in Dr. Adshead-Bell's career, she was a sell-side analyst at Dundee Securities Corp. and acted as a geological consultant for a range of mining companies. Her education includes a Bachelor of Science Degree, a First Class Honours Degree in Geology, and a Ph.D. in Geology from James Cook University in North Queensland, Australia.

In terms of the appointment of Dr. Nicole Sheri Adshead-Bell (aged 42) to the board, there is no further information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies, save for the following:

  • Current directorships/partnerships: Director of Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) and Cupel Advisory Corp. (incorporated private consultancy company)
  • Past directorships/partnerships (past five years): Director of Vista Gold Corp. and Silver Bull Resources Inc.
  • Dr. Adshead-Bell has no current share ownership in Dalradian Resources Inc.

About Dalradian Resources Inc.

Dalradian Resources Inc. is a gold exploration and development company that is focused on advancing its high-grade Curraghinalt Gold Project located in Northern Ireland, United Kingdom. The Company is in the midst of a work program in support of a planning (permitting) application for construction of an operating mine at Curraghinalt. Components of the program include a feasibility study, an environmental and social impact assessment, infill drilling and underground exploration (885 metres of development with two test stopes).

FORWARD-LOOKING STATEMENTS

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, completion of the feasibility study, environmental and social impact assessment and underground program and the realization of the expected economics of Curraghinalt. 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 Company's preliminary economic assessment 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.

Contact Information

  • Marla Gale
    Vice President Communications
    +1 416 583 5622
    investor@dalradian.com

    Grant Thornton UK LLP (Nominated Adviser)
    Philip Secrett
    +44 (0)20 7383 5100

    Canaccord Genuity Limited (Broker)
    Henry Fitzgerald-O'Connor / Martin Davison
    +44 20 7523 8000

    Finsbury (UK financial communications)
    Charles O'Brien / Sam Best
    +44 20 7251 3801
    Charles.O'Brien@Finsbury.com / Sam.Best@Finsbury.com