Ryan Gold Corp.

Ryan Gold Corp.

March 07, 2011 10:00 ET

Ryan Gold Corp.: Shawn Ryan to Receive Bill Dennis Award for Prospecting Success by Prospectors & Developers Association of Canada

TORONTO, ONTARIO--(Marketwire - March 7, 2011) - The Ryan Gold Corp. (TSX VENTURE:RYG) ("Ryan Gold" or the "Company") board of directors and management would like to congratulate Shawn Ryan, the recipient of the Prospectors and Developers Association of Canada (PDAC) Bill Dennis Award for prospecting success. Mr. Ryan has been prospecting in the Yukon for almost fourteen years. In 2004 he identified the anomaly that led Underworld Resources to its White Gold deposit and a subsequent $139-million takeover by Kinross Gold Corporation. Mr. Ryan was also responsible for discovering the Coffee mineralization currently being explored by Kaminak Gold Corporation. Mr. Ryan's efforts and prospecting success have had a significant impact on exploration in the Yukon, stimulating renewed unprecedented exploration activity in the region.

As previously announced in its February 16, 2011 press release, the Company signed a letter of agreement (the "Agreement") to purchase 50 properties, comprising approximately 6,631 Quartz Claims, located throughout the Yukon Territory, from Shawn Ryan and Wildwood Exploration Inc. As part of the Agreement, Ryan Gold will enter into an exclusive employment agreement with Mr. Ryan pursuant to which, Mr. Ryan will be appointed President of Ryan Gold.

Michael Skead, CEO of Ryan Gold, commented: "We would like to congratulate Shawn on the receipt of this award, which recognizes his accomplishments in the Yukon. His self-disciplined and scientific approach to exploration has led to his success and ultimate recognition within the prospecting, exploration and mining community by being awarded the Prospector of the Year award for 2011. The board of directors and Company management look forward to working with Shawn and his wife Cathy Wood, who has controlled the business aspects of their ventures, to systematically explore and develop its properties, and to continue to build on the foundation of their work to date."

This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, business and financing plans and business trends. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any mineral that may be produced, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitability, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including any technical reports filed with respect to the Company's mineral properties. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

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

  • Ryan Gold Corp.
    Michael Skead, CEO