Threegold Resources Inc.
TSX VENTURE : THG

Threegold Resources Inc.

February 23, 2012 08:30 ET

Threegold Resources Inc. Appoints Mr. Alain Berclaz as VP Exploration

VAL-D'OR, QUÉBEC--(Marketwire - Feb. 23, 2012) - Threegold Resources Inc ("Threegold" or the "Company") (TSX VENTURE:THG) Threegold Resources is very pleased to welcome Mr. Alain Berclaz, M.Sc, P.Geo as the new Vice President of Exploration and board member.

Mr. Berclaz brings a wealth of knowledge and experience to Threegold through his more than 20 years of extensive experience in the field; with regional and detailed mapping and mineral evaluation for a wide variety of geological settings and commodities. In these 20+ years Mr. Berclaz has published, lectured and authored nearly 100 publications for the Québec government and the private sector, he has also worked with Azimut Exploration Inc, Manicouagan Minerals Inc., The Ministry of Natural Resources and Wildlife of Québec and the Geological Survey of Canada, to name a few.

Mr. Victor Goncalves, President and Chief Executive Officer of Threegold declared: "We are very pleased to have Mr. Berclaz join our Board and the management team. We look forward to benefit from his experience and skills and more particularly his extensive technical knowledge of our South Bay project area."

In 2010 Mr. Berclaz was the principal exploration consultant geologist for Azimut Exploration Inc., and worked on the REX and SOUTH REX projects. At the last Quebec Exploration Conference, the Azimut Exploration team was recognized for their work on these projects. Mr. Berclaz has done his M.Sc work in the South Bay Project area of Quebec, making him an invaluable addition to the team. Mr. Berclaz completed his Masters Degree at the Université Laval in 1993, is a member of the Ordre des Géologues du Québec and is a Qualified Person under the National Instrument 43-101.

Mr. Richard Tanguay, Chairman of the Board of Directors commenting on Mr. Antoine Fournier's resignation: "We would like to take this time to thank Mr. Fournier for his dedication to the Company over the years."

Mr. Fournier is staying with the Company as a consulting geologist to ensure an efficient transition.

Threegold will issue 250 000 stock options to Mr. Berclaz and 50 000 to employees according to Threegold option plan at 0.155 expiring February 22nd 2017

About Threegold

Threegold has established itself as one of the premier exploration companies in Québec. The Company has a highly qualified technical team with extensive exploration experience, including previous gold discoveries in Québec, and management with financing and public company expertise.

Threegold aims to create shareholder wealth through the discovery of new deposits with a focus on Canadian assets, mainly in Québec. Threegold offers investors a portfolio of high-quality exploration projects and the potential to take part in a major discovery.

With a strategic property portfolio and solid partnerships, like the one with Osisko Mining Corporation, Threegold's goal is to discover a low-cost, multi-million ounce gold deposit in Québec.

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 release.

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