St Andrew Goldfields Ltd.

St Andrew Goldfields Ltd.

March 01, 2007 07:38 ET

St Andrew Announces Appointment of VP Exploration-Minex

OAKVILLE, ONTARIO--(CCNMatthews - March 1, 2007) - St Andrew Goldfields Ltd (TSX:SAS) ("St Andrew") is very pleased to announce the appointment of a key position in the Company's senior management team.

VP Exploration - Minex and Development

Michael Michaud, P. Geo. has been appointed Vice-President, Exploration - Minex & Development at St Andrew's Corporate Office in Oakville, Ontario. In this position Mike will be responsible for all of St Andrew's minesite and brownfields (collectively "Minex") exploration in the vicinity of the existing gold operations - including the Stock Gold Complex, Holloway-Holt Gold Mine and Nixon Fork Gold Mine. He will also be responsible for exploration at the Company's development projects including the Aquarius Project and the Taylor Advanced Exploration Project.

Mike brings to St. Andrew over 20 years experience in mineral deposit exploration and mining and his skills provide a strong connection between these two phases of project development. He has most recently held the position of President and CEO of two junior mining and exploration companies. From 1996 to 2004 he was a Director and Partner of SRK Consulting Inc. in their Toronto office. Prior to this, Mike was posted at several precious metals underground and open-pit mining operations in Canada and the U.S. and from 1992 to 1996 he was Chief Geologist of North American Palladium Inc.

New Exploration Team - Warren Bates and Michael Michaud

Mike will team up with St Andrew's existing Vice-President, Exploration to form the new Exploration Team that will explore St Andrew's very extensive exploration properties. Warren Bates will be responsible for the greenfields exploration and Michael Michaud will be responsible for the minex and development projects exploration.

Both the Vice-President, Exploration - Minex & Development and Vice-President, Exploration - Greenfields will report directly to the St Andrew President and CEO.

St Andrew is a gold mining and exploration company producing gold from the Stock Gold Complex in Timmins, Ontario and the Nixon Fork Gold Mine in Alaska. The recently acquired Holloway-Holt Gold Mine in the Timmins Mining Camp is forecast to increase St Andrew's gold production by 75,000 to 100,000 ounces per annum. St Andrew controls a very large land position in the Timmins Mining Camp, an extensive land position at Eskay Creek in northern British Columbia and land positions around Nixon Fork in the Kuskokwim-Tintina Mining Camp in Alaska. St Andrew also holds an approximate 50.2 % equity interest in New Zealand based gold explorer, Glass Earth Limited (TSX VENTURE:GEL) and a 12.3 % equity interest in Apollo Gold Corporation.

For further information about St Andrew Goldfields Ltd., please visit St Andrew's website at or contact Investor Relations toll-free at 1-800-463-5139 or email


The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary material include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, political instability, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. St Andrew does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

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