Threegold Resources Inc.
TSX VENTURE : THG

Threegold Resources Inc.

December 16, 2010 12:34 ET

Threegold Retains Business Advisors and Appoints Victor Goncalves to the Board of Directors

VAL-D'OR, QUÉBEC--(Marketwire - Dec. 16, 2010) - Threegold Resources Inc. (TSX VENTURE:THG) is pleased to announce it has retained the services of Western Global Capital and Mr. Arlen Hansen to advise the company in respect to financing, joint ventures, property acquisitions and general corporate development. 

Western Global Capital is a private consulting firm based out of Vancouver that provides corporate development, M&A and financial services to clients specializing in the resource sector. Mr. Arlen Hansen is President of Kin Communications, an investor relations firm specializing in resource companies. KIN's clients have raised over $500M and have a combined market capitalization in excess of $1.5B.

Victor Goncalves, President of Threegold states, "We believe in surrounding ourselves with the best possible geologists, project generators and financiers. This addition significantly strengthens the position of Threegold in all facets."

In addition, Mr. Victor Goncalves has been appointed to the board of directors replacing Mr. John Ryder. Mr. Daniel Duval has also stepped down as VP of corporate development and the board of directors. Mr. Richard Tanguay states "The Company would like to thank them both for their contributions to the company and wishes them the best in future endeavours." 

The company has also granted 2.6 million stock options to these advisors, consultants and management at the price of 31 cents for 5 years.

ABOUT THREEGOLD

Threegold Resources is actively pursuing gold discoveries on three projects in prolific mining and exploration camps in Ontario and Québec. The 100% owned Adanac project is immediately adjacent to Gold Bullion's Granada discovery and west of Osisko's 12M ounce deposit on the Abitibi belt. The South Bay Project has yielded a significant surface discovery near Val-d'Or and the Company has recently acquired land in the Shining Tree Camp on the western extension of the Cadillac–Larder Lake Fault Zone. Management is evaluating opportunities to create shareholder value with its recent Rare Earth Element discovery and its Base Metal project in the Gaspé Peninsula.

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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