Mr. Galen McNamara reports

ANGOLD RESOURCES ANNOUNCES MANAGEMENT CHANGE

Angold Resources Ltd.'s chief financial officer, Gavin Cooper, has stepped down and the company has appointed Carson Halliday to replace him with immediate effect.

Mr. Halliday has a strong background in financial reporting and extensive experience working with public companies in various sectors, primarily in the mining industry. He currently provides advisory and financial reporting support to various public companies and was previously a manager with Deloitte Canada, where he served clients of all stages in the mining life cycle. Mr. Halliday is a chartered professional accountant and holds a bachelor of commerce degree from the University of Calgary.

In connection with the appointment, the company has granted 200,000 stock options to Mr. Halliday exercisable for five years at a price of five cents.

The company thanks Mr. Cooper for his efforts and commitment over the last two years and wishes him well in all his future endeavours.

About Angold Resources Ltd.

Angold is an exploration and development company targeting large-scale mineral systems in proven gold districts in Chile, Nevada, Oregon and Ontario.

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