Tagish Lake Gold Corp.
TSX VENTURE : TLG

Tagish Lake Gold Corp.

July 06, 2010 21:29 ET

Tagish Lake Gold Corp. Announces New Addition to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2010) - Tagish Lake Gold Corp. (TSX VENTURE:TLG) ("Tagish" or the "Company") is pleased to announce the appointment of John H. Resing to the Tagish Board of Directors. Mr. Resing brings a broad background of financial and legal expertise to the board.

Mr. Resing has agreed to be the Chair of the Special Committee, comprised of the four independent directors of the Company, that will consider the offer from New Pacific Metals Corp. when it is received. New Pacific Metals Corp. conveyed an expression of interest via hand delivered letter on July 2nd and in a news release dated July 5th, 2010.

Most recently Mr. Resing served as independent Chair of the Board of Directors and Audit and Governance Committees of Petaquilla Minerals Ltd. (TSX: PTQ), a Canadian gold mining company with principal operations in Panama. In addition, Mr. Resing has a cumulative 15 years of experience as independent director of three SEC reporting companies. He has extensive service as chair of audit and compensation committees. In addition to public companies, he has served as a valued director for eight non-public companies pursuing high growth rate business plans.

Director experiences include policy making on: litigation, including a shareholder strike suit; strategic planning; annual operating plans; executive compensation; executive recruiting; financial oversight and external SEC reporting; board governance; and negotiating strategy for acquisitions and/or financings.

About Tagish Lake Gold Corp.

Tagish Lake Gold Corp. explores for and develops high grade gold-silver mineral deposits in the Yukon Territory of Canada. The Company is currently focused on its wholly owned, 178 km2 Skukum Mineral District located 80 km by road south of Whitehorse. The Skukum Mineral District hosts the Skukum Creek gold–silver deposit, the Goddell Gully and the Mt. Skukum gold deposits.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities of the Company have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Certain statements contained in this news release using the terms "may", "expects to", "projects", "estimates", "plans", and other terms denoting future possibilities, are forward-looking statements in respect to various issues including upcoming events based upon current expectations which involve risks and uncertainties that could cause actual outcomes and results to differ materially. The future conduct of the Company's business and the feasibility of its mineral exploration properties are dependent upon a number of factors and there can be no assurance that the Company will be able to conduct its operations as contemplate and the accuracy of these statements cannot be guaranteed as they are subject to a variety of risks that are beyond our ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. The risks include, but are not limited to, the risks described in the above press release; those risks set out in the company's disclosure documents and its annual, quarterly and current reports; the fact that exploration activities seldom result in the discovery of a commercially viable mineral resource and are also significant amounts of capital to undertake and the other risks associated with start-up mineral exploration operations with insufficient liquidity, and no historical profitability. The Company disclaims any obligation to revise any forward looking statements as a result of information received after the fact or regarding future events.

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 news release.

Contact Information

  • Tagish Lake Gold Corp.
    Graham Dickson
    President & CEO
    604-688-9427