SOURCE: Hemisphere Gold Inc.

November 15, 2007 09:00 ET

Hemisphere Gold Appoints Riaz Sumar as Chief Financial Officer

RENO, NV--(Marketwire - November 15, 2007) - Hemisphere Gold Inc. (PINKSHEETS: HPGI), a gold exploration, property acquisition and mining development company, is pleased to announce the appointment of Mr. Riaz Sumar, CGA, as Chief Financial Officer and Director.

Mr. Sumar has over 10 years of public company governance and regulatory requirements both in Canada and the United States and will deal with the day-to-day operations of the Company.

Mr. Sumar's extensive experience as CFO in public companies includes two resource companies, including as Controller for an international oil and gas exploration company, and FEC Resources, Inc., which engages in the exploration and development oil and gas and other mineral-related resources.

He has worked on projects with several exchanges including OTC bulletin board and NASDAQ Small Cap in the US, the TSX Venture and Toronto Stock Exchange in Canada and Alternative Investment Market (AIM) in London.

Mr. Sumar received his designation of Certified General Accountant in 1997.

"The Company is pleased to add Mr. Sumar to the team. His public Company experience and knowledge of regulations and procedures is a welcomed asset as we look to move the Company forward and onto a senior exchange," commented Ted Pomerleau, President of Hemisphere.

About the Company

Hemisphere Gold Inc. is in the business of exploration and acquisition of gold properties in some of the world's best gold districts. The Company's objective is to take advantage of high-yielding, untapped, mineral-producing properties through exploration and acquisition. The Company's flagship property is in Suriname, a democratic country which has had mining operations since the 1700s. Suriname is an emerging major gold producer with international companies showing interest. Hemisphere is committed to maintaining environmental stewardship, occupational safety and corporate responsibility.

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This press release may contain forward-looking statements which are pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ materially and all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, risks associated with mining exploration, risks of governmental legislation and regulation, risks associated with technological changes, risks associated with dependence on third parties, risks relating to international operations, delays in testing and evaluation of products and risks associated with competition.

Contact Information

  • Contact:
    Hemisphere Gold Inc.
    Investor Relations
    Barry Reagh
    Phone: (888) 548-8444
    Email Contact