White Rock, BC / ACCESSWIRE / June 12, 2014 / New Carolin Gold Corp. (the "Company" or "New Carolin") (TSX-V: LAD) is pleased to announce the addition of D. Barry Lee as the Company's new Chief Financial Officer and Kristian Whitehead, P.Geo as a Technical Advisor to the Board of Directors.
"We are pleased to add Mr. Lee and Mr. Whitehead in this critical time of building our team at New Carolin. Mr. Lee brings over 20 years of financial experience in the resource sector, and will work closely with the executive team on all strategic planning initiatives for the Ladner Gold property," commented New Carolin Interim President and CEO Robert Thast. "We also look forward to Mr. Whitehead's contributions going forward. His geological and technical experience will play a key role in the success of our future exploration and resource expansion programs at the Ladner Gold property."
Barry Lee has extensive experience in resource sector senior management, and has provided strategic planning, corporate governance, and M&A expertise for both public and private companies for the past twenty years. His former engagements include: co-founder and former Co-Chairman of Canadian Phoenix Resources Corp., co-founder and former Chief Operating Officer of Choice Resources Corp., now part of Twin Butte Energy; and a co-founder and the former president and CEO of Watch Resources Ltd. He is currently a director and/or officer of the TSX Venture Exchange-listed companies Athabasca Uranium Inc., El Condor Minerals Inc., Velocity Minerals Ltd, and Argentum Silver Corp. Mr. Lee replaces Reda Akladios, who resigned to focus on other business interests. The board of directors of the Company wishes to thank Mr. Akladios for his time with the Company.
Kristian Whitehead boasts a wealth of technical, management and geological experience in all aspects of underground and surface exploration program management, mine budgeting and design. Among his credentials, he is a former Senior Project Geologist for Hawthorne Gold Corporation, former Senior Project Geologist for StrataGold Corporation and former Project and Mine Geologist for Fire River Gold Corporation. As an independent Geological Consultant, he has managed numerous strategic projects, overseeing and implementing multi-million dollar operational budgets. He has acted on behalf of several exploration and mining entities, including, Southbridge Resources, Teslin River Resources, Hunter Dickinson, Taseko Mines, Fortunate Sun Mining and Copper Creek Gold. His exploration/development assignments have spanned globally and have included projects in Guyana, Brazil, the United States - Alaska, Canada - Yukon, British Columbia, Alberta, Saskatchewan, Manitoba and NWT. Mr. Whitehead received his BSc from the University of Victoria and his P.Geo designation from the Professional Engineers and Geoscientists of B.C. (APEGBC), and is a "qualified person" as defined by National Instrument 43-101.
On June 12, 2014, subject to the approval of the TSX Venture Exchange, 65,000 stock options were issued to an officer of the Company. The stock options are exercisable into common shares of New Carolin Gold at an exercise price of C$0.05 per share. The options vest immediately and expire on June 12, 2019. New Carolin Gold's common shares closed at C$0.03 on the TSX Venture Exchange on June 11, 2014.
About New Carolin Gold Corp.
New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of our strategic 144 square kilometers of contiguous mineral claims, collectively known as the Ladner Gold Project. The project is a short drive from Vancouver, British Columbia, in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous gold prospects.
For further Company and technical information, please visit the Company's website at www.newcarolingold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Robert L. Thast"
Interim President & Chief Executive Officer
E: [email protected]
This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
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 the accuracy of this press release.
SOURCE: New Carolin Gold Corp.