High River Gold Mines Ltd.
TSX : HRG

High River Gold Mines Ltd.

April 08, 2009 17:29 ET

High River Gold Announces Changes to the Board of Directors

TORONTO, ONTARIO--(Marketwire - April 8, 2009) - High River Gold Mines Ltd. ("High River" or the "Company") (TSX:HRG) announced today that John W. Crow has resigned from the board of directors of the Company. Mr. Crow joined the board of directors in May 2008 and was the Chairman of the Audit Committee. Management and the board of directors of High River thank Mr. Crow for his contributions and considerable efforts as a director.

High River is also pleased to welcome Alexey Khudyakov and Karl Glackmeyer to the board of directors. Mr. Khudyakov has also been named the Chairman of the Board.

Mr. Khudyakov is a Vice President at Altimo. Prior to his appointment at Altimo, Mr. Khudyakov held a Vice President position with Alfa Bank, managing the bank's investments in Golden Telecom and Kyivstar. He also worked for the Moscow office of McKinsey & Co. from 1998 to 2002. Mr. Khudyakov holds a Master of Business Administration degree from INSEAD and a Master's degree in Applied Mathematics and Physics from the Moscow Institute of Physics and Technology. Mr. Khudyakov is presently a member of the board of directors of Turkcell and Kyivstar.

Mr. Glackmeyer has over 40 years of experience in the mineral resource business. From 1994 to his retirement in 2004, Mr. Glackmeyer was the President and Chief Executive Officer of Fairstar Explorations Inc., a company listed on the Toronto Stock Exchange. From 1984 to 1991, he was president of Yorbeau Resources Inc., a mineral exploration company traded on the Montreal Exchange. Mr. Glackmeyer obtained a Bachelor of Applied Sciences degree from Laval University in 1967.

About High River

High River is a gold company with interests in producing mines, mines under development, and advanced exploration projects in Burkina Faso and Russia.

FORWARD LOOKING STATEMENTS

This release and subsequent oral statements made by and on behalf of the Company may contain forward-looking statements. Wherever possible, words such as "intends", "expects", "scheduled", "estimates", "anticipates", "believes", and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, have been used to identify these forward-looking statements. Although the forward-looking statements contained in this release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, High River cannot be certain that actual results will be consistent with these forward-looking statements. A number of factors could cause events and achievements to differ materially from the results expressed or implied in the forward-looking statements. These factors should be considered carefully and prospective investors should not place undue reliance on the forward-looking statements. Forward-looking statements necessarily involve significant known and unknown risks, assumptions and uncertainties that may cause High River's actual results, event, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although High River has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, prospective investors should not place undue reliance on forward-looking statements. Any forward-looking statements are made as of the date of this release, and High River assumes no obligation to update or revise them to reflect new events or circumstances, unless otherwise required by law.

Contact Information

  • High River Gold Mines Ltd.
    Dan Hrushewsky
    Vice President Investor Relations
    (416) 947 1440
    (416) 360 0010 (FAX)
    info@hrg.ca
    www.hrg.ca