San Gold Corporation
TSX VENTURE : SGR

San Gold Corporation

February 26, 2007 11:09 ET

San Gold Corporation Announces Appointment of New CEO and Executive Chairman

BISSETT, MB--(CCNMatthews - February 26, 2007) - The board of directors of San Gold Corporation ("the Corporation") (TSX-V: SGR) is pleased to announce the appointment of Dale Ginn as Chief Executive Officer of the Corporation. Mr. Ginn takes over from Hugh Wynne who was Chief Executive Officer and Chairman of the Corporation and has now been appointed as Executive Chairman of the Corporation.

As Executive Chairman of the Corporation, Mr. Wynne will continue to play an active role in the leadership and day-to-day operations of the Corporation. Mr. Wynne has served as Chief Executive Officer of the Corporation and was the founder of its predecessor San Gold Resources Corporation, which was incorporated in 1997. Mr. Wynne has over 40 years of mining, milling and mineral exploration experience. During his tenure as Chief Executive Officer, Mr. Wynne assembled most of the exploration properties of the Corporation, including the property containing the San Gold #1 mine. He was also instrumental in the acquisition of the Rice Lake Mine by the Corporation and the subsequent rehabilitation and development of that mine and related projects.

Dale Ginn currently serves as the President of the Corporation. Mr. Ginn is a geologist with over 20 years of experience in geology, production and mine management in gold and base metal mines in North America. Mr. Ginn has prior experience with Hudson Bay Mining and Smelting Co. Limited, GoldCorp Inc., Westmin and others. He was also General Manager of Harmony Gold (Canada) Inc. prior to joining the Corporation in June of 2004. Since joining the Corporation, Mr. Ginn has been instrumental in the rehabilitation and development of the Rice Lake Mine and the development of the San Gold #1 Mine. San Gold's market capitalization has also grown from approximately ten million dollars to nearly 200 million dollars during this period. Mr. Ginn will report to the Executive Chairman and San Gold's board of directors.

San Gold Corporation is a growing Canadian gold producer with two operating gold mines near Bissett, Manitoba. The Corporation has delineated two additional nearby gold deposits and one of these, the Cartwright deposit, is intended to be developed during 2007 with anticipated initial production in early 2008. San Gold is also an aggressive and successful gold explorer and has substantially increased its total mineral resources over the past two years at a cost of approximately ten dollars per discovered ounce.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Dale Ginn
    Chief Executive Officer
    San Gold Corporation
    (204) 794-5818 or 1-866-456-0818
    www.sangoldcorp.com