REBgold Corporation
TSX VENTURE : RBG

REBgold Corporation

February 07, 2011 15:19 ET

REBgold Reports Board Changes

TORONTO, CANADA--(Marketwire - Feb. 7, 2011) - REBgold Corporation ("REBgold" or the "Company") (TSX VENTURE:RBG) reports that directors John Gingerich, Jay Naster and Walter Cimowsky have resigned from the Board of Directors following the Plan of Arrangement completed on December 2, 2010. The Board thanks them for past service and wishes them well in their future endeavours.

The Board welcomes new directors, Mark A. Burridge, Chairman, Stephen Fabian and Peter Secker.

Mr. Burridge was CEO of Cambrian Mining Plc from July 2007 until its acquisition by Western Canadian Coal in July 2009. Prior to that, he was Managing Director at Hatch Corporate Finance, a corporate finance advisory firm from April 2003 to June 2007. Earlier experience includes positions with Merrill Lynch, where he was a ranked Analyst, and with Barrick Gold Corporation as a Geological Engineer. He has a degree in Mining Geology and is a Chartered Financial Analyst.

Mr. Fabian graduated in Mining Engineering (B.E. Min) from the University Of South Wales School Of Mines in 1981. He has worked in both underground base metal operations and in open pit coal mining in Australia. Between 1985 and 1988 he was employed by Bankers Trust Australia Limited as a mining analyst and later as a portfolio manager specializing in the resources sector. From 1988 to 1993 he was employed by County NatWest Australia as a specialist mining analyst. In 1993 he was transferred to NatWest Markets' London operations to lead the Australian mining finance department. From March 1999 to March 2007, Mr. Fabian was the President and CEO of Brazilian Diamonds Limited, during which time he changed the focus of that company's activities from gold exploration to diamond exploration and development. He resigned as President of Brazilian Diamonds in March 2007 in order to focus on creating a new mining company, Ferrous Resources Limited, which is developing iron ore properties in Minas Gerais State, Brazil. He was acting CEO of Ferrous until December 2007. In 2008, he returned as CEO of Brazilian Diamonds and also launched another iron ore company, South American Ferro Metals, which is currently listing on the Australian Stock Exchange (ASX). Mr. Fabian is also a principal and director of the Genus Capital Fund, a specialist venture capital investment fund focused on early stage opportunities in the resources sector which has now listed on the London Stock Exchange as the Baker Steel Resources Trust.

Mr. Secker is currently the President and CEO of Canada Lithium Corp. Previous to that he was Chief Executive Officer of JMS Civil and Mining in Australia, a civil and mining engineering firm with annual turnover of $300M. Previous to that he was Chief Executive Officer of Michelago Ltd., which was acquired by Sino Gold (now Eldorado) in 2008. Mr. Secker has an extensive background in bioleaching, having overseen the development, construction and operations for 2 of REBgold's plants, firstly the Youanmi gold plant in Australia in 1994 and subsequently the BioGold plant in Shandong, China in 2003.

The Board has also appointed Mark Burridge as Interim President and CEO. M. Ross Orr continues as a Board member.

Officers of the Corporation are as follows:

Mark A. Burridge, Interim President and CEO

Louis R. Nagy, Chief Financial Officer

Dr. Paul C. Miller, Vice President, Technology and Engineering

Dr. Guo Junxiang, Vice President, Metallurgy

REBgold PROFILE

REBgold is a mining company with plans to acquire and develop an economic interest in gold assets, in particular, where it can utilize its competitive advantages, to create shareholder value.

The Company's key competitive advantages include an experienced board and management team, strategic investor backing and proprietary technology. The Company's bacterial oxidation and bioleaching technologies are commercially proven for the liberation of precious metals from difficult-to-treat sulphide ores and concentrates, with environmental and economic benefits. To date, the Company's BACOX technology has been used at three gold mines located in Western Australia, Tasmania and China.

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 release.

Contact Information

  • REBgold Corporation
    EJ Spencer
    Corporate and Investor Relations Administrator
    416-646-1850 X 242