SOURCE: Klondex Mines Ltd.

Klondex Mines Ltd.

July 16, 2013 08:54 ET

Klondex Names Mining Executive Renaud Adams to the Board

ELKO, NV and VANCOUVER, BC--(Marketwired - Jul 16, 2013) -  Klondex Mines Ltd. (TSX: KDX) (OTCQX: KLNDF), a Nevada gold exploration and development company, is pleased to welcome Renaud Adams to the company's board of directors. Mr. Adams brings over 15 years of precious metals mining experience to Klondex.

Mr. Adams is Chief Operating Officer of Primero Mining Corp. (TSX: P) (NYSE: PPP), where he is responsible for the operations and organic growth of the company in addition to its operations in Mexico. He previously held mining positions with major operating mines for IAMGOLD Corporation and Breakwater Resources, among others. While at IAMGOLD, he oversaw three operations in Suriname and Quebec producing approximately four hundred thousand ounces of gold and five million kilograms of niobium annually. At Breakwater Resources he was responsible for mines in Honduras, Southern Chile and Quebec. Mr. Adams has a Mining & Mineral Processing engineering degree from Laval University and brings to Klondex hands-on operations experience with administration, operations, exploration metallurgy and processing, as well as legal, social and environmental aspects of the business.

Klondex Chairman Larry Phillips commented, "The Board of Directors, management team and I welcome the addition of Renaud Adams who brings a wealth of operating experience, including his years at IAMGOLD where I was able to work directly with him as part of the senior management team. We believe his extensive experience in the mining industry will bring a valuable dimension to the Board as we rapidly develop Fire Creek into a successful high grade mine, and more importantly, seek to accelerate Klondex Mines' development to become a major player in the mining space."

About Klondex Mines Ltd. (www.klondexmines.com)
Klondex Mines is focused on the exploration and development of its Fire Creek gold deposit in North-Central Nevada. Fire Creek is a compelling gold project located in a mining-friendly jurisdiction, near major producers, power, transportation, mining infrastructure and its milling facility. At July 16, 2013, Klondex had 64.4M shares issued and outstanding and 85.8M shares, fully diluted.

This news release contains certain information that may constitute forward-looking information under applicable Canadian securities legislation, including information about the magnitude and quality of the Fire Creek project and the results of exploration and metallurgical testing at the Fire Creek project. This forward-looking information entails various risks and uncertainties are based on current expectations, and actual results may differ materially from those contained in such information. These risks and uncertainties include, but are not limited to the risks and hazards associated with environmental compliance and permitting for its underground operations, the strength of the global economy; the price of gold; operational, funding and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which factors which would make a mineral deposit commercially viable are present. Risks and uncertainties about the Corporation's business are more fully discussed in the Corporation's disclosure materials filed with the securities regulatory authorities in Canada and available at www.sedar.com. Readers are urged to read these materials. Klondex assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by law.

Contact Information

  • Contact:
    Paul Huet
    President & CEO
    Klondex Mines Ltd.
    807-939-2841
    Email Contact

    Alison Tullis
    Manager, Investor Relations
    Klondex Mines Ltd.
    647-233-4348
    Email Contact

    Toni Trigiani
    Investor Relations
    Catalyst Global LLC
    212-924-9800
    Email Contact