SOURCE: Integra Gold Corp.

Integra Gold Corp

September 24, 2014 06:30 ET

Integra Gold Appoints George Salamis as Chairman

VANCOUVER, BC--(Marketwired - September 24, 2014) - Integra Gold Corp. (TSX VENTURE: ICG) (OTCQX: ICGQF) ("Integra" or the "Company") is pleased to announce that George Salamis has been appointed as Chairman of the Board of Directors effective immediately.

Mr. Salamis brings to this new role with the Company over 25 years of experience as a senior executive in the mining industry, including finance, corporate strategy, exploration, project development and operations. He spent 12 years working with major mining companies, specifically Placer Dome Inc. and Cameco Corporation, in various exploration and corporate roles all over the world. Over the last 14 years, Mr. Salamis has been involved, either as a co-founder or in an executive capacity, in five significant Merger and Acquisition transactions valued at over $1 billion. Over the course of his career, he has developed a network of international mining, investment banking and institutional investment contacts and has participated in capital raisings totaling over $850 million (USD).

More specifically as it relates to Integra's focus on its gold assets in Québec, Mr. Salamis was raised in Québec, is a graduate of the Université de Montréal - École Polytechnique, and spent 6 years residing in Val-d'Or, Québec where he worked for the Placer Dome exploration department at the Sigma Gold Mine. The Sigma mine produced over 4.5 million ounces and is located immediately north and adjacent to Integra's Lamaque South Project. Earlier this month Integra announced it had entered into an agreement to acquire the Sigma/Lamaque mine and mill site. Please see the Company press release dated September 3, 2014, for more details.

"Mr. Salamis played an instrumental role in a number of key milestones at Integra over the previous six months and we look forward to working with him in this new role," stated Company CEO and President Stephen de Jong. "We are proud of the team we've built and of what they have been able to accomplish through a difficult time in our industry. Shareholders can expect to see this team strengthen and diversify with new additions aligned with the various fields of expertise required to build and operate a viable mining operation." 

The Company also announces it has granted 1,300,000 stock options to consultants, officers and directors of the Company in accordance with its stock option plan. The options are priced at 24 cents, vest 25% every six months and expire on September 24, 2021.

Project and Company Profile

Integra's Lamaque South gold project is located in the heart of the Val-d'Or gold camp in the Province of Québec, Canada, approximately 550 km northwest of Montréal. Québec is rated one of the best mining jurisdictions in the world. Infrastructure, human resources and mining expertise are readily available.

The Company's primary objective is to continue to prove up additional resources while advancing the existing resource towards production. The project is divided into three main clusters of gold deposits, the North, South and West Cluster. The North Cluster consists of the Parallel, Fortune, No. 5 Plug, and No. 3 Mine deposits and is located approximately 1 km northwest from the South Cluster, which includes the No. 4 Plug and Triangle deposits. The Sixteen Zone and No. 6 Vein form the West Cluster.

ON BEHALF OF THE BOARD OF DIRECTORS

Stephen de Jong
CEO & President

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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 news release.

Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release constitute forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company is able to obtain any government or other regulatory approvals required to complete the private placement and Company's planned exploration activities, that the Company is able to complete the private placement, that the Company is able to procure personnel, equipment and supplies required for its exploration activities in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, that the private placement will not be completed, that actual results of the Company's exploration activities will be different than those expected by management and that the Company will be unable to obtain or will experience delays in obtaining any required government approvals or be unable to procure required equipment and supplies in sufficient quantities and on a timely basis. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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