MONTREAL, QC--(Marketwired - August 20, 2014) - Adventure Gold Inc. (TSX VENTURE: AGE)�(the "Company"), is pleased to announce the nomination of Mr. Mario Caron P.Eng. to the Board of Directors, effective August 19th, 2014.
Mr. Caron is a mining executive with over 35 years of experience in the mining industry including board and management expertise in operations, development, exploration, and capital markets as well as government relations, with companies having projects in the Americas, Africa and South-East Asia. Until last year, he served as Chief Executive Officer and Director of Aldridge Minerals Inc, a company developing a polymetallic VMS deposit in Turkey. Mr. Caron previously held similar positions, CEO and Director, with Axmin Inc, a company with a gold project in the Central African Republic and Tiberon Minerals Ltd., the developer of a tungsten/fluorspar mine in Vietnam. Mr. Caron is also a former Vice President Mining and Infrastructure with PricewaterhouseCoopers Securities Inc. Since last year, Mr. Caron has been a consultant and he is currently a Director of Avanti Mining Inc. and of Maya Gold & Silver Inc. Mr. Caron received his Bachelor of Engineering, Mining at McGill University and is a member of the Quebec Order of Engineers and the Association of Professional Engineers of Ontario.
"We are delighted to welcome Mr. Caron. His solid mining and financial background will be a valuable addition to the Adventure Gold Board of Directors. It's the perfect timing to bring an experienced mining engineer to the Board as we are entering in resource development stage at our Val-d'Or East project," stated Mr. Marco Gagnon, President and CEO.
Adventure has granted 200,000 stock options to Mr Caron. Each option entitles the holder to purchase one common share of the company at a price of $0.20 per share until August 19, 2024.
Profile:
Adventure Gold Inc. is a mineral exploration company focused on discovering and developing high-quality gold deposits in the Abitibi region located in eastern Canada -- one of the richest gold mining areas in the world. Adventure Gold has become, in a few years, an important player in the mineral exploration industry with one of the best portfolios of exploration properties along the main gold-bearing structures of the Abitibi Greenstone Belt. The Company is exploring mainly close to gold mines where mining production infrastructure is already in place, which distinguishes it from several other exploration companies. Adventure Gold's exploration team consists of mining professionals having worked previously for well-established producing companies, who understand industry challenges. The Company owns 100% of the rights on its two main projects namely: Val-d'Or East and Detour Quebec. With 74M shares issued and close to 10% owned by the management, Adventure Gold is well-positioned to benefit its shareholders.�
The foregoing information may contain forward-looking statements and events relating to the future performance of the Company. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate regulatory authorities. We seek safe harbour.
Neither 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.