SOURCE: Midas Gold Corp.

Midas Gold Corp.

September 20, 2016 08:00 ET

Midas Gold Complements Its Leadership Team With New Appointments

Mr. M. Bogert Appointed to Midas Gold Corp. Board of Directors; Ms. L. Sayer Appointed President of Midas Gold Idaho & Steps Down From Midas Gold Corp. Board

VANCOUVER, BC--(Marketwired - September 20, 2016) - Midas Gold Corp. (TSX: MAX) (OTCQX: MDRPF) ("Midas Gold" or the "Company") today announced the appointment of Laurel Sayer as President and Chief Executive Officer of Midas Gold Idaho, Inc., ("MGII" or "Midas Gold Idaho, Inc."), a wholly-owned subsidiary of Midas Gold Corp. and the operating company for the Stibnite Gold Project in central Idaho. In addition, Midas Gold announced the appointment of Michael Bogert to the board of directors of Midas Gold Corp., replacing Ms. Sayer as she steps down to take on her new role. These appointments reflect Midas Gold's objective of increasing local accountability and local representation in all its activities.

"In order to best reflect the needs and values of Idaho, Midas Gold has Idahoans at all levels of our decision-making process," said Stephen Quin, President & CEO of Midas Gold Corp. "Laurel Sayer's move from the board of Midas Gold Corp. to leadership of the operating company, Midas Gold Idaho, complements the strong technical team led by Bob Barnes, who will continue as Chief Operating Officer. We are excited that Laurel will take a hands-on approach to help guide us in shaping the future of the Stibnite Gold Project, particularly given her commitment to conservation and protection of the environment." Ms. Sayer will also be appointed to the board of directors of Midas Gold Idaho, joining four fellow Idahoans and two other US citizens, ensuring a dominant presence of Idaho interests at the operating level of the organization.

"Michael Bogert joins fellow Idahoan Keith Allred on the board of Midas Gold Corp. and brings a strong regulatory track record, with considerable experience at the State and Federal levels, to Midas Gold's board of seven directors," said Peter Nixon, Chairman of Midas Gold Corp. "We are looking forward to Michael's input and guidance as we navigate the regulatory process for our Stibnite Gold Project."

Laurel Sayer

Ms. Sayer's extensive experience in the fields of conservation, government, collaborative enterprise and leadership qualities complement the local and technical experience of MGII's directors and staff. The team's immediate focus will be to further advance the Stibnite Gold Project through the regulatory process.

In addition to her industry experience, having served on Midas Gold's Board of Directors since 2014, Ms. Sayer has worked extensively within the environmental and arts communities as well as within Idaho state politics and U.S. federal politics. Ms. Sayer currently serves as executive director of the Idaho Coalition of Land Trusts, a position she accepted in 2013, and from which she will be retiring her executive role to focus on MGII. Prior to 2013, Ms. Sayer spent more than two decades working on policy matters with Idaho members of the U.S. Congress, Congressman Mike Simpson and Senator Mike Crapo, with an emphasis on natural resource matters. In her career, Ms. Sayer has a proven track record in building consensus amidst diverse opinions and political ideologies of key stakeholders in many situations, successfully creating meaningful relationships and delivering results with local, state, regional and federal government agencies.

Michael Bogert

Michael Bogert joins the Board of Directors of Midas Gold, filling the vacancy created by the resignation of Ms. Sayer as she takes on an executive role at MGII. Currently an attorney in Parsons Behle & Latimer's Boise and Washington DC offices, Mr. Bogert is the former counselor to U.S. Interior Secretary Dirk Kempthorne, the former regional administrator of the U.S. Environmental Protection Agency's ("EPA") Region 10 office in Seattle and the former counsel to the Governor of the State of Idaho. As counselor to Secretary Kempthorne, Mr. Bogert advised the Secretary on various policy issues in the areas of endangered species and served as the Governor's lead policy negotiator on Tribal water rights settlements. As the regional administrator for EPA Region 10, Mr. Bogert was responsible for leading EPA's partnerships with the states of Washington, Oregon, Idaho, and Alaska, as well as the 271 federally recognized Tribes in EPA Region 10. He has also previously served on the Board of Directors of a publicly-traded mining company.

About Midas Gold and the Stibnite Gold Project

Midas Gold Corp., through its wholly owned subsidiaries, is focused on the exploration and, if warranted, site restoration and development of gold-antimony-silver deposits in the Stibnite‐Yellow Pine district of central Idaho that are encompassed by its Stibnite Gold Project.

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