Newmarket Gold Inc.
TSX : NMI

Newmarket Gold Inc.

August 19, 2015 06:30 ET

Newmarket Gold Announces Management Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 19, 2015) - Newmarket Gold ("Newmarket" or the "Company") (TSX:NMI) announces that effective September 2015, the Company's Australian senior operating team, which includes all General Managers, will report directly to Douglas Forster, M.Sc., P.Geo., President & Chief Executive Officer of Newmarket.

Rodney Lamond has advised the Company that effective September 15, 2015 he will be stepping down as Chief Operating Officer ("COO") to return to North America full time and allow for more personal time with his family. Mr. Lamond has served the Company exceptionally well over the last two years as President & CEO of Newmarket's predecessor company Crocodile Gold and more recently as COO of Newmarket. The Company thanks Mr. Lamond for his notable contributions and tireless efforts during his tenure. Newmarket has initiated an international search to find Mr. Lamond's replacement. Once selected, the Company expects the new Chief Operating Officer to be based in Australia full time.

The mine General Managers, reporting to CEO Douglas Forster will be supported by an experienced Newmarket Board of Directors including Raymond Threlkeld, Chairman. Mr. Threlkeld is a seasoned mining professional with more than 32 years of experience in mineral exploration, mine operations and construction and executive management. From 1996 to 2004 Mr. Threlkeld held various senior executive positions with Barrick Gold Corporation rising to the position of Vice President, Project Development. During his time at Barrick, he was responsible for placing more than 30 million ounces of gold resources into production in Africa, South America and Australia. No impact on operations is expected.

ON BEHALF OF THE BOARD

Douglas Forster, M.Sc., P.Geo.

President & Chief Executive Officer

About Newmarket Gold Inc.

Newmarket Gold is a Canadian-listed gold mining and exploration company with three 100% owned operating mines across Australia. The Company is focused on creating substantial shareholder value by maintaining a strong foundation of quality gold production, over 200,000 ounces annually, generating free cash flow and maintaining a large resource base as it executes a clearly defined gold asset consolidation strategy. The Company is focused on sustainable operating performance, a disciplined approach to growth, and building gold reserves and resources while maintaining the high standards that the Newmarket Gold core values represent.

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