SolidusGold Inc.

June 10, 2015 18:00 ET

SolidusGold Inc. Announces Appointment of Interim CEO; Agreement to Acquire Honeymoon Property

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 10, 2015) - SolidusGold Inc. ("Solidus" or the "Company") (TSX VENTURE:SDC) is pleased to announce the appointment of Mr. Kenneth Collison as Interim Chief Executive Officer.

Mr. Collison holds a B.Sc. in Mining Engineering from the University of Saskatchewan and a Masters of Engineering in Mining from the University of Saskatchewan. He was the Chief Operating Officer of Blue Pearl Mining/Thompson Creek Metals from 2005 to 2009, and was part of the team that purchased Thompson Creek Metals and built it into one of North America's premier molybdenum producers. He has previously held the positions of Vice President at Crandon Mining Corporation and Coeur Alaska, the Alaskan subsidiary of Coeur d'Alene Mines. Mr. Collison has extensive experience in mining operations, permitting and preparation of mining feasibility studies and is currently the Chief Operating Officer of Ucore Rare Metals.

Raj Chowdhry, Co-Chairman, commented, "On behalf of the Board, I am pleased to welcome Ken Collison to this position to lead SolidusGold Inc. on its path forward. We would like to thank Steven Khan for his role as Interim CEO."

Honeymoon Property

The Company also announces that it has entered into an agreement with David James Piggin (the "Vendor") under which the Company has agreed to purchase an undivided 100% right, title and interest in and to the Honeymoon Property from the Vendor and to concurrently terminate the Option Agreement the parties entered into in August 2013 under which the Vendor granted the Company an option to acquire the property. Solidus has agreed to pay $3,500 CAD and 70,000 common shares to the Vendor as consideration for the Honeymoon Property. The acquisition is subject to TSX Venture Exchange approval.

The Honeymoon Property is an early stage gold-silver-copper property. The property is located on the west side of Adams Lake, approximately 85 km northeast of Kamloops, British Columbia. It is comprised of 43 mineral claims which total approximately 19,772 hectares.

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