Savary Gold Corp.

Savary Gold Corp.

February 28, 2013 14:22 ET

Savary Strengthens Management Team in Preparation for Next Exploration Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2013) - SAVARY GOLD CORP. ("Savary" or the "Company") (TSX VENTURE:SCA) is pleased to announce the appointment of Mr. Craig Mackay as Vice President, Technical Services and the appointment of Mr. Jim Crawford as Vice President, Corporate Development, effective as of Wednesday, February 27, 2013.

Mr Mackay has a background in the earth sciences with more than 25 years of international experience delivering geospatial information strategy and IT infrastructure to support mineral exploration and mine development. Prior to joining Savary Gold, Craig worked in Canada, Mexico, Saudi Arabia, Australia and Africa where he directed application and consumption of geo-information management technologies in mining, software R&D, agriculture and forestry. He has an MBA from Trinity College, Dublin and an MSc in Information Technology from Stellenbosch, South Africa.

Mr. Crawford brings 15 years of international mineral exploration experience to Savary Gold's Corporate Development team. In addition, as part of Forbes West Management Corp, Mr. Crawford also acts as the Vice President, Corporate Development for Crosshair Energy, a TSX and NYSE MKT listed company. Prior to joining Forbes West, he held a number of corporate and field-based positions including Manager, Investor Relations for Peregrine Diamonds; Field Manager, Kennecott Canada Exploration's Western Canadian Coal Project; and Senior Mineralogist, Golden Star Resources in their Georgetown, Guyana office. Jim holds an MBA in finance from Pepperdine University, as well as, an MSc in geology from Queen's University.

"I am very pleased to welcome Craig and Jim to the Savary team," stated Charles Mostert, Savary Gold's President and CEO. "The breadth of experience and versatility that they bring to Savary will be invaluable as we gear up to begin our next phase of exploration on Houndé South in the next few weeks."

About Savary Gold

Savary Gold is a Canadian company with a tightly held capital structure and totally focused on exploring the Houndé South Gold Property in Burkina Faso. The property is in the Birimian age Houndé Greenstone Belt, which hosts Semafo's Mana mine and additional gold deposits which are presently subject to extensive exploration efforts (including Endeavour Mining's Houndé Project and Sarama's South Houndé Project).


On behalf of the Board

Charles Mostert, Chief Executive Officer

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Forward-looking statements or information relate to, among other things, the next phase of the Company's exploration program and the exploration potential of the Company's properties. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the risks associated with outstanding litigation, if any; risks associated with project development; the need for additional financing; operational risks associated with exploration; fluctuations in gold and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and other risks and uncertainties, including those described in the Company's most recent Management Discussion & Analysis report filed with the Canadian Securities Administrators and available at Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither 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.

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