TORONTO, ONTARIO--(Marketwire - July 30, 2012) - NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or the "Company") is very pleased to announce the appointment of Greg Gibson as President and CEO of the Company, effective immediately. Mr. Gibson, a member of the Company's Board of Directors, replaces Mr. Martin Shefsky who has been appointed Executive Chairman of the Board. In connection with these management changes, Lieutenant-General J. C. "Jim" Gervais, CMM, CD (ret'd), has resigned as non-Executive Chairman of the Board and will assume the valuable role of Lead Director.
Prior to his joining the Board of Directors at Northern Gold on June 14th, 2012, Mr. Gibson was the President and Chief Executive Officer of Trelawney Mining and Exploration Inc. Under Mr. Gibson's leadership, Trelawney discovered and advanced the multi-million ounce Cote Lake gold deposit in northern Ontario and then successfully negotiated the sale of Trelawney to IAMGOLD Corporation for $585-million.
Mr. Gibson has over 30 years of experience in the mining industry as a mine manager for gold and copper mines in Australia, a nickel mine in Timmins, Ontario and a gold mine in British Columbia. Previously he worked for JS Redpath, Dynatec Mining Ltd., Yilgarn Star Gold Mine, and Copper Mines of Tasmania in a variety of operational capacities. He is presently a director of several junior mining companies.
In making this announcement, Martin Shefsky, newly appointed Executive Chairman of Northern Gold stated, "Greg's extensive experience in the mining industry strengthens the Company at a very important and exciting time for Northern Gold. His proven strategic management, leadership and operational skills will add enormous value to Northern Gold's projects as we continue to grow the business."
"I am thrilled to have been given the opportunity and responsibility to lead Northern Gold into an exciting new phase of growth with a plan to advance both the Garrcon and Jonpol projects," stated Greg Gibson, President and CEO of Northern Gold, "As well, Northern Gold will aggressively seek out near-term production opportunities and pursue brown field exploration areas to realize its vision of becoming a multi-asset Canadian gold company."
About Northern Gold
Northern Gold Mining Inc. is a TSX-V listed, publicly traded junior resource company based in Toronto, Ontario, dedicated to the discovery and development of high value mineral deposits in the proven mining camps of Kirkland Lake and Timmins in North Eastern Ontario. Northern Gold is focused on developing two gold deposits at advanced stage of exploration on its 100% owned Garrison Gold Property. In addition to the advanced stage Jonpol and Garrcon Gold Deposits, the property hosts several other gold mineralized showings including the less advanced 903 gold mineralized area. The Garrison Gold Property has historical mining infrastructure at both the Jonpol and Garrcon Deposits, and producing mines are located near the property.
CAUTIONARY STATEMENT: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Northern Gold's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in Northern Gold's public documents filed on SEDAR. Although Northern Gold believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Northern Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.