Energold Drilling Corp.

TSX VENTURE : EGD


Energold Drilling Corp.

November 15, 2012 16:30 ET

Energold Drilling Announces Management Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2012) - Energold Drilling Corporation (TSX VENTURE:EGD), a leading worldwide operator and manufacturer of mineral exploration and energy drilling rigs, today announced the appointment of Mr. Craig Geier as Managing Director, Dando Drilling Services, ("DDS") effective immediately. DDS is an affiliate of the Company's wholly owned rig manufacturer Dando Drilling International based in the United Kingdom and will be initiating the Energold Groups global water drilling services business segment. Mr. Geier was previously the Company's Chief Financial Officer and Vice President of Corporate Development. In parallel with Mr. Geier's appointment, the Company has appointed Mr. Steven Gold as interim CFO, who was previously Director - Corporate Development. The Company has initiated an external search for a permanent replacement of the Chief Financial Officer.

"As Energold's fleet and service offering continues to grow both in size and geographical diversification, Craig's experience will help Energold grow its new division while also focusing on penetrating new markets worldwide. The Company's board of directors expects a seamless transition as Mr. Gold assumes the Company's CFO duties," said Fred Davidson, President and CEO.

About Energold Drilling Corp.

Energold Drilling Corp. is a leading global specialty drilling company that services the mining and energy, and manufacturing sectors in 22 countries globally. Specializing in a socially and environmentally sensitive approach to drilling, Energold provides a comprehensive range of drilling services from early stage exploration to mine site operations for both metals and energy in addition to its established drill rig manufacturer, Dando. Energold also holds 6.98 million shares of IMPACT Silver Corp., a profitable Silver producer in Mexico.

On behalf of the Directors of Energold Drilling Corp.,

Frederick W. Davidson, President, CEO

Neither TSX Venture Exchange 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.

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