Golden Reign Resources Ltd. (TSX-V: GRR) (the "Company" or "Golden Reign") is very pleased to announce the appointment of Dr. Rael Lipson to its Board of Directors.
Dr. Lipson, BSc (Hons), MSc Geology, PhD Geochemistry, has over 40 years of global experience in the mining industry. He is a graduate of the University of Witwatersrand and earned his PhD from the University of Cape Town.
Rael was the Chief Geologist for Gold Fields Exploration, Inc. ("Gold Fields"), a part of Gold Fields Ltd., and recently left the organization after 36 years. Gold Fields is one of the world's leading gold producers with nine operating mines in Australia, Ghana, Peru and South Africa. Rael strengthened Gold Fields competitive position by assessing the geological potential of gold projects around the world. Guiding the strategic direction for exploration investments, he targeted projects ranging from greenfields to producing mines through joint-venture opportunities or acquisitions. Additionally, Rael pioneered the development of a knowledge-based software solution, Global Business Area Rating System ('GBAR') to identify the most gold-prospective areas on the globe based on geological criteria but balanced by sovereign risk.
A natural leader, Rael strongly believes in coaching and mentoring the next generation of Earth Scientists. An active member of the Society of Economic Geologists ("SEG") since 1992, Rael mentors in economic geology.
Rael is well versed with Golden Reign's Nicaraguan projects, having visited the Company's flagship San Albino-Murra Gold Property on two previous occasions.
Kim Evans, President & CEO, commented: "I am extremely pleased and honoured to have Rael join our Board of Directors. He is a highly experienced and accomplished geologist, a strategic thinker and a thoughtful, insightful individual. Rael has a hands-on, proactive approach that, coupled with his strong technical abilities, will no doubt make him an excellent addition to Golden Reign's team."
The Company has granted, pursuant to its stock option plan and subject to regulatory approval, an initial 60,000 options to a director at an exercise price of $0.25 per share for a term of five years. The securities represented by this grant will be subject to a four-month hold period.
On behalf of the Board,
Kim Evans, CGA
President & CEO
For additional information please visit our website at www.goldenreign.com and SEDAR www.sedar.com.
Forward-Looking Statements: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Such forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company's exploration and development of mineral properties interests, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties. Such information contained herein represents management's best judgment as of the date hereof, based on information currently available.
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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