Delta Gold Corporation
TSX VENTURE : DLT

Delta Gold Corporation

August 08, 2013 16:30 ET

Delta Gold Announces Board of Director Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 8, 2013) - Delta Gold Corporation ("Delta") (TSX VENTURE:DLT) announces today that Mr. Colin Benner has tendered his resignation from the Delta Gold Corporation Board of Directors and that Mr. Ian Reid and Mr. Christopher Mitchell have joined the Delta Gold Corporation Board of Directors.

Mr. Benner has resigned his Board position for health reasons, but will continue to play a role as a strategic advisor to the Delta Board. Marco Romero, President and CEO, stated "On behalf of the entire Delta team, I thank Colin for his immense contribution to our company and look forward to his ongoing involvement as an advisor to our Board of Directors".

Mr. Romero welcomed the appointment of Messrs. Reid and Mitchell to the Delta Board by stating: "We are very pleased these two accomplished professionals have agreed to join our Board of Directors. Their unique experience and skills will strategically complement the Delta team."

Mr. Ian Reid is an independent corporate director currently serving on a number of public and private company boards. He retired from a 30 year career with Finning International in 2008, which included 11 years as President of Finning (Canada). Mr. Reid currently serves on two other publicly traded company boards as Vice Chairman of The Churchill Corporation and as a director of The Canadian Western Bank. He also serves on three private company boards, Fountain Tire Ltd., Associated Engineering and Voice Construction. He is also a member of the audit committee of the Province of Alberta.

Mr. Reid holds a Bachelor of Commerce degree from the University of Saskatchewan and is a graduate of the Advanced Management Program at Harvard Business School.

Mr. Christopher Mitchell is a metallurgical engineer whose career in the mining industry spans more than four decades in Canada, the United States, Australia and South America, initially in operations and project development, followed by more than 35 years in the marketing of base and precious metals concentrates, environmental permitting and corporate finance.

He has served as Chief Financial Officer of several public companies, including First Point Minerals Corp., Independence Gold Corp. and Silver Quest Resources Ltd. Earlier in his career he was a Senior Vice President of Viceroy Resource Corp., where he led the team that permitted the Castle Mountain Gold Mine in California, and Executive Vice President and Chief Financial Officer of Orvana Minerals Corp.

Mr. Mitchell has served as a director of publicly listed mining companies, including First Point Minerals, Endurance Gold Corp. and Orvana Minerals in Canada, as well as Matrix Metals Limited and Mariana Resources Limited in Australia.

Mr. Mitchell is a graduate of the University of British Columbia, holding MBA (Finance), M. Sc. (Metallurgy) and B. Sc. (Honours Chemistry) degrees. He is a registered professional engineer (Metallurgy) in British Columbia and a member of the Canadian Institute of Mining and Metallurgy.

In connection with the above appointments Delta has issued 1,200,000 share purchase options with an exercise price of $0.12 per option and a 5 year term.

About Delta Gold:

Delta Gold Corporation is a Canadian company whose goal is to build a successful mid-tier gold producer committed to industry-leading best practices. Our business strategy is to identify and evaluate mineral investment opportunities located in favourable jurisdictions and settings, and to prudently acquire and advance those projects that are economically, socially and environmentally viable. We strive to generate superior returns for our shareholders and for the communities in which we operate.

On behalf of the Board of Directors

DELTA GOLD CORPORATION

"Marco A. Romero"

President and CEO

FORWARD LOOKING STATEMENTS:

This document may contain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this document and Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

The Exchange has neither approved nor disapproved the contents of this news release. Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Delta Gold Corporation
    Marco A. Romero
    President and CEO
    604-681-2020
    604-681-1011 (FAX)
    info@deltagold.com