Galane Gold Ltd.
TSX VENTURE : GG

Galane Gold Ltd.

October 08, 2013 23:00 ET

Galane Gold Ltd. Announces Management Change

TORONTO, ONTARIO--(Marketwired - Oct. 8, 2013) - Galane Gold Ltd. ("Galane Gold" or the "Company") (TSX VENTURE:GG) today announced that effective immediately, Philip Condon has resigned as the Company's Chief Executive Officer and as a director of the Company and its subsidiaries.

Ravi Sood, the Chairman of Galane Gold, will assume the roles and responsibilities of the Company's Chief Executive Officer on an interim basis while the Company undergoes a process to identify a new Chief Executive Officer.

Ravi Sood commented, "We have an exceptional team in place at our operation in Botswana and are comfortable that we are appropriately staffed to meet our objectives including extending our resource base and expanding our production. The Board of Directors has reviewed the situation in detail and has full faith in the Company's personnel and their ability to execute on the Company's updated mine plan."

About Galane Gold

Galane Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana. Galane Gold is a public company and its shares are quoted on the TSX Venture Exchange and the Botswana Stock Exchange under the symbol GG. Galane Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.

Neither the 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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