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Vangold Mining Corp (2)
Symbol VGLD
Shares Issued 111,537,351
Close 2021-02-24 C$ 0.455
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Vangold appoints Davila to advisory board

2021-02-24 09:37 ET - News Release

Mr. James Anderson reports


Ramon Davila has joined Vangold Mining Corp.'s advisory board.

From 2004 to 2014, Mr. Davila was chief operating officer and a member of the board of directors of First Majestic Silver Corp. Within that 10-year period, he led a team that created five new silver mining operations in Mexico, taking the company from two employees to more than 4,000, growing First Majestic's production profile from zero to over 12 million ounces of silver equivalent production per year. At that time, Mr. Davila was in charge of all aspects of First Majestic's mining and exploration operations, as well as all administrative and financial facets of their Mexican subsidiaries.

In September, 2016, Mr. Davila was appointed Minister of Economic Development for Durango, Mexico -- a post he held until June, 2020.

Mr. Davila is joining Vangold's advisory board that now consists of mining lawyer and entrepreneur Stuart "Tookie" Angus, public company executive and financier John Budreski, and seasoned exploration geologist Greg Hawkins.

Mr. Angus said: "Vangold's advisory board is well utilized by the company. We are kept well informed of all aspects of the company's progress, while advice from advisory board members is heeded and acted on. As a large shareholder, it is a pleasure to watch and to be a part of the company's steady continuing advancement."

Mr. Davila's other distinguished work experience includes long stints in charge of all Mexican operations for both Pan American Silver Corp. and Luismin SA de CV, as well as 11 years with Industrias Penoles SA de CV where he started his career. His educational credits include graduating from the University of Guanajuato with a degree in mining and metallurgical engineering as well as a master of science degree in mineral economics from the Colorado School of Mines.

Vangold's country manager, Gerardo Dorado, commented: "I have known Ramon Davila for almost 40 years, since our days studying mine engineering at the University of Guanajuato. Ramon is somewhat unique, as a person combining the skills of a great miner with that of a great businessman. I am confident that his contributions will make all aspects of our company better. We are all very excited to have him as part of our team as we embark on this tremendous phase of growth for the company through our proposed purchase of the El Cubo assets."

Hernan Dorado Smith, a director of Vangold and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release.

About Vangold Mining Corp.

Vangold Mining is an exploration and development company engaged in reactivating high-grade past-producing silver and gold mines near the city of Guanajuato, Mexico. The company's El Pinguico project is a significant past producer of both silver and gold located just seven kilometres south of the city. The company remains focused on the near-term potential for development and monetization of its surface and underground stockpiles of mineralized material at El Pinguico, and in delineating silver and gold resources through underground and surface drilling on projects located in this historic mining camp.

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