LEGEND GOLD APPOINTS DOUGLAS PERKINS AS PRESIDENT
& CEO
October
24, 2011
Toronto, Ontario � October 24, 2011 � Legend Gold Corp. (the �Company�
or �Legend Gold�) (TSX.V:LGN) is
pleased to announce that the Company�s Board of Directors has appointed Douglas
G. Perkins as the President and Chief Executive Officer and a Director of the
Company, effective October 24, 2011.
Mr.
Perkins has been actively involved in mineral exploration and development, with
extensive experience in West Africa, for thirty years. From 2005 to 2010
he was CEO and Executive Director of GMA Resources Plc,
an AIM listed company which raised over US$50 million
equity and debt and successfully constructed a heap leach gold mine in Algeria
during Mr. Perkins� tenure. In 2007, Mr. Perkins was awarded the
prestigious Pioneer of the Year Award at the Mines & Money Conference in
London. From 2003 to 2005, Mr. Perkins was Vice President and CFO of Orezone Resources Inc. From 2000 to 2005 Mr. Perkins
also provided senior executive consulting services to a number of mineral
exploration, development and mining companies listed on the TSX and the TSX
Venture Exchange.
Lyle R. Hepburn, Chairman of the Company,
said �We are very pleased to have Doug Perkins join Legend Gold as
President and CEO. The Board of
Directors is confident that Mr.
Perkins has the experience, expertise and relationships in West Africa to lead
Legend Gold to its goal of being a leading exploration, development and mining
company in West Africa.�
Scott Waldie has resigned as President and CEO of the Company,
but will continue on the Board of Directors, and will provide consulting
services during the transition.
Mr.
Hepburn said �On behalf of the Board, I would like to thank Scott Waldie for his contribution to the Company. Scott did
a tremendous job as President and CEO. During difficult financial markets
Scott raised significant capital to maintain our exploration momentum and add
to our pipeline of strategic gold properties. Scott leaves his role as
President and CEO with the Company well positioned to capitalize on the
opportunity presented by its excellent gold projects in the Republic of Mali.
In
connection with the appointment of Mr. Perkins, the Board of Directors has
granted Mr. Perkins 660,000 incentive stock options pursuant to the Company�s
stock option plan, exercisable at $0.275 per share for a ten year term.
About The Company
Legend
Gold is a mineral exploration and development company focused
on exploring for gold in the Republic Of Mali, West Africa. Our five main
projects are the Tiekoumala, Lakanfla, Mougnina, Diokeba, and Dalakan projects. In recent years, we have made significant
gold discoveries on the Tiekoumala project located in
Southern Mali, and the Lakanfla project located in
Western Mali. Legend Gold has 65,431,324 common shares issued and outstanding
(79,941,324 shares on a fully diluted basis). Please visit our website www.legendgold.com for more information about our projects.
FOR FURTHER INFORMATION PLEASE CONTACT:
Douglas Perkins, President & CEO
Email: dperkins@legendgold.com
Tel: 514.806.6788