SOURCE: Broadway Gold Mining Ltd.

October 19, 2016 15:57 ET

Duane Parnham Appointed to Broadway Gold Board and Named Chairman

VANCOUVER, BC--(Marketwired - October 19, 2016) - Broadway Gold Mining Ltd. (TSX VENTURE: BRD) ("Broadway" or the "Company") is pleased to announce the appointment of Mr. Duane Parnham as a Director of the Company and Chairman of the Board.

Mr. Parnham brings a wealth of knowledge, experience and international contacts to Broadway and has over 30 years of experience in the mining and hydrocarbon industries. Mr. Parnham has spent his career developing and founding several resource-focused companies, including but not limited to, Temex Resources Corp, Forsys Metals Corp., Giyani Gold Corp. and Canoe Mining Ventures Corp. Mr. Parnham was also the founder and Chairman of UNX Energy Corp. a junior oil and gas company which was sold in 2011 to HRT Participações em Petróleo S.A. for CAD$730 million. Mr. Parnham currently serves as the Chairman of Nevada Zinc Corp. and Giyani Gold Corp. as well as holding directorships with Canoe Mining Ventures Corp. and Evolution Optiks, a private technology startup.

Mr. Parnham specializes in finding, exploring and securing undervalued assets at an early stage and applying the wealth of knowledge, experience and skills he has gained in his career to create and maximize shareholder value; to date of which has created over C$1.2 billion in shareholder value for the companies he has been directly involved with through the facility of the Toronto Stock Exchange.

Mr. Parnham commented: "I am extremely pleased to be joining the Broadway team and view this as a unique opportunity to aid in the build and growth of a USA gold focused corporation. Each organization that I have been privileged to be a part of has used well-timed commodity diversity with the goal of creating greater shareholder value and overall company growth".

In connection with his appointment, the Company has granted Mr. Parnham options to purchase 500,000 shares under the Company's stock option plan at a price of $0.19 for a period of 5 years.

About Broadway Gold Mining Ltd.

Broadway Gold Mining Ltd. is focused on the development of world-class assets with near-term production potential. The Madison Gold and Copper project, near Silver Star, Montana, provides an exciting opportunity as the area has never been fully exploited or explored. Broadway has identified a series of existing gold and copper zones that remain open for expansion.

Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information