Victoria Gold Corp. (TSX-V:VIT - News) ("Victoria"
or the "Company") announces that Chad Williams has resigned as
President and Chief Executive Officer of Victoria, effective immediately. Mr.
Williams will continue as a director of Victoria.
The Board of Directors of Victoria is
pleased to announce that, effective immediately, Mr. John McConnell is
appointed as President and Chief Executive Officer of Victoria. Prior to his
appointment, Mr. McConnell served as Executive Vice President of Victoria,
with responsibility for advancing the Company's existing projects towards
production. Mr. McConnell is a well-respected mining engineer with over 30
years of experience in the mining industry. Prior to joining Victoria, Mr.
McConnell held a number of leadership positions in the mining sector;
including President and CEO of Western Keltic Mines Inc. until its takeover
by Sherwood Copper Corp, Vice President NWT Projects of De Beers Canada
responsible for the development of the Snap Lake Diamond Mine and General
Manager of the Nanisivik Mine on the northern tip of Baffin Island.
The Company's Board of Directors would
like to take this opportunity to thank Mr. Williams for his contributions to
Victoria in his capacity as its President and Chief Executive Officer and
welcome his ongoing participation as a director of the Company.
Sean Harvey, Chairman of Victoria's
Board of Directors, stated: "Mr. Williams made a significant
contribution to Victoria's growth during his 31/2 year tenure as President
and CEO, including the successful completion of the acquisition of StrataGold
Corporation, the advancement of our knowledge of our Nevada properties, and
the delivery of the pre-feasibility study on the Eagle Project."
"As Victoria moves into a new
mine-building phase, Mr. McConnell's extensive knowledge of Victoria and
experience in all aspects of mine exploration, development and operations
make him the ideal person to lead Victoria's continuing transition from
exploration to production," added Mr. Harvey.
About Victoria
Victoria is a high growth gold company
with a focus on adding value per share through efficient exploration, project
development, accretive acquisitions and effective marketing. Maintaining a
low risk profile through project diversification, sound financial management,
and operating in secure jurisdictions are key priorities for Victoria's
management team.
Cautionary Language and Forward-Looking
Statements
This press release includes certain
statements that may be deemed "forward-looking statements". All
statements in this discussion, other than statements of historical facts,
that address future exploration drilling, exploration activities and events
or developments that the Company expects, are forward looking statements.
Although the Company believes the expectations expressed in such forward
looking statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or developments may
differ materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in forward-looking
statements include metal prices, exploration successes, continued
availability of capital and financing, and general economic, market or
business conditions. Accordingly, readers should not place undue reliance on forward-looking
statements.
This news release and the information
contained herein does not constitute an offer of securities for sale in the
United States and securities may not be offered or sold in the United States
absent registration or exemption from registration.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
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