Mr. Bruce Counts reports

NEWS RELEASE VANGOLD ANNOUNCES CHANGE TO SENIOR MANAGEMENT AND APPOINTMENT TO THE BOARD

Vangold Resources Ltd.'s Dal Brynelsen has resigned as the chief executive officer of the company. Vangold has accepted the resignation and wishes to thank Mr. Brynelsen for his many years of service and contributions to the company, including the companies that have been spun off from Vangold such as IBC Advanced Alloys, Coppermoly Ltd., Vanoil Energy and two gold mines in Rossland, B.C. Mr. Brynelsen will be focusing his energies on his various directorships in Canada, Bermuda and China in the resource and special metals segment of the business. He looks forward to working with Vangold's new management and directors.

Bruce Counts, the president and a director of the company, has been appointed as interim chief executive officer of the company, and Alex Shaw has been appointed as the interim chief financial officer and a member of the board of the company.

Alex Shaw is a certified public accountant and a principle of Shaw Shaw & Shaw, CPA based in Jacksonville, Fla., where he currently resides. Mr. Shaw obtained a bachelor of arts degree in economics and political science from the University of North Carolina in 1992, and a bachelor's degree in accounting from Florida State University in 1996. He received his CPA designation in 1997. He has served as a director at NEMI Northern Energy and Mining Inc. since March, 2011.

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