Excel Gold Mining Inc.
TSX VENTURE : EGM

Excel Gold Mining Inc.

April 15, 2009 08:00 ET

Excel Gold Mining Inc. Announces Major Leadership Management Changes

MONTREAL, QUEBEC--(Marketwire - April 15, 2009) - Excel Gold Mining Inc. (the "Corporation") (TSX VENTURE:EGM) announces major leadership management changes.

The board of directors has accepted the resignation of Mr. Daniel Pauze as Director, President and Chairman of the Audit Committee of the Corporation. The president's position will be assumed by interim by Mr. Patrick Lessard, currently Vice President of the Corporation.

Patrick Lessard has been a Director of the Corporation since January 2007 and Vice President of the Corporation since February 2007. Mr. Lessard has been active in international and administrative commerce, and has obtained his degree from Ellis Business College and as a businessmen has been involved in many company's management for several years.. Since 1999, Mr. Lessard has been President and General Manager of Bar "Le Clac Inc." Since 2001, he has also been President and General Manager of Marche Jean-Talon Charlesbourg Inc., a Company specialized in retail outlets and mass market vending areas.

The board of directors has taken this decision in order to find and recruit a new president with vested mining experience in order to increase shareholders value in relation with the Corporation's acquisition and exploration program in the Province of Quebec, Canada. The Corporation has begun its recruiting process, and interested candidates are welcome to send their resume to the Corporation' legal counsel at the following address:



Langlois Kronstrom Desjardins, LL.P
Attn: Me Michel Lebeuf
1002, Sherbrooke St. W., 28th Floor
Montreal, QC, H3A 3L6


Mr. Jacques Vallee has been appointed Chairman of the Audit Committee.

Mr Vallee has been director of the Company since 2008.

Montreal businessman, Mr Vallee holds a Masters degree in Business Administration from the University of Sherbrooke and a diploma in advertising management from the Ecole des hautes etudes commerciales (H.E.C. Montreal). Mr. Vallee presently sits on the board of directors of Hainan Quebec Sustainable Maritime Industries Inc., which is traded on the American stock exchange (AMEX), as director and he was the Chairman of the audit committee till recently. He is also director of financing and business development for Altitude Groupe Conseil and has been since 2001. He has also held several positions with the Fonds de Solidarite des Travailleurs du Quebec, including Executive Vice-President over a period of ten years.

Mr. Stephane Frechette has been appointed Member of the Audit Committee. Stephane Frechette has been a Director of the Corporation since June 2007. He is a Mining Engineer and has over 18 years of experience in the industry. From May 1993 to November 1995, he was employed as an Engineer by Omai Gold Mines Ltd., a company specializing in mining and located in English Guyana, in South America. From November 1995 to June 1996, he held the position of Training and Supervision Engineer in the "Geant Dormant" Division of Cambior Inc., a company specializing in mining. From June 1996 to April 2007, Mr. Frechette acted as Project Manager for INMET, a mining company. From April to August 2007, he was Production Manager with Carrieres Polycor Inc., a raw granite production company, and since December 2007, Mr. Frechette has been Operations Manager for Lafarge North America.

"The board of directors would like to thank Mr. Daniel Pauze for his dedication and hard work. Mr. Pauze, who has been involved with the company for over 5 years, will remain active in our new endeavors in our public relations department". Following the acquisition of our new mining properties; Batiscan and Evezza, we all deemed it in the best interest of our shareholders to proceed to these changes", says Patrick Lessard, on behalf of the board of directors.

The Corporation will be taking other corporate management and financial measures to accelerate the Corporation development program, and will keep its shareholders informed on a regular basis as progress evolves and decisions are taken.

On behalf of the Board of Directors:

Excel Gold Mining Inc.

Patrick Lessard, President

Forward-looking Statement:

This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements. This release has been prepared by management.

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Excel Gold Mining Inc.
    Public Relations
    514-951-7776