FIRE RIVER ANNOUNCES NEW
DIRECTORS AND OFFICERS
Fire River Gold Corp.
(TSXV: FAU), (OTCQX: FVGCF), (FSE: FWR) (the "Company") is pleased to announce that Mr. Kenneth Stowe
and Mr. Jacques McMullen have been appointed directors of the Company in place
of R. David Russell and M. Christine Melian who have
resigned. Mr. Stowe will also act as Chairman of the Board for the Company. Mr.
Paul Dyer has been appointed Chief Financial Officer of the Company in place of
Mr. Brent Timmons. The Board of Directors would like to thank Mr. Russell, Ms. Melian and Mr. Timmons for their contributions to the
Company and wishes them well in their future endeavours.
Mr. Stowe joins us
with over 35 years of mining industry experience. Most recently, he was
President and Chief Executive Officer of Northgate Minerals Corporation from
September 1999 to July 2011. He was the recipient of the Canadian Mineral
Processor of the Year Award in 2006.
Mr. McMullen has over thirty years of industrial experience. He has held
numerous operating and corporate positions in mining which have involved him
internationally with cross-functional expertise applied to operations,
feasibility studies, evaluations, project development and start-ups. He has
held various positions with Barrick Gold Corp.
including, Senior Vice President of Technical Services and Vice President of
Metallurgy and Process Development. Mr. McMullen graduated in 1977 from Laval
University (Quebec, Canada) with a degree in Metallurgical Engineering; subsequently,
he completed a Master's Degree in Mineral Processing.
Mr. Dyer has over 18 years of experience in the mining industry including
controller at the Carson Hill Mine for Carson Hill Gold Corp., U.S. corporate
controller for Western Mining Corp. of Australia, controller at the Jerritt Canyon Mine for Queenstake Resources, controller at
the start-up of the Mineral Ridge Project for Scorpio Gold US and controller
for the El Quevar project in Salta, Argentina for
Golden Minerals Company.
Mr. Blane Wilson, President and CEO of Fire River
Gold Corp. commented "Everyone here at Fire River Gold gives a warm
welcome to Ken, Jacque and Paul. We look forward to their leadership and
expertise to collaborate with our team, as we rapidly advance the Nixon Fork
mine".
The Company also announces the granting of 3,786,636 stock options at an
exercise price of $0.11 per share to certain directors, officers, employees and
consultants of the Company. All options have a term of five years and shall
vest in accordance with the policies of the TSX Venture Exchange. The options
are granted pursuant to the Company's fixed stock option plan (the
"Plan"). The aggregate number of shares reserved for issuance under
the Plan which may be made subject to Options at any time and from time to time
shall not exceed 10,244,237 shares.
About Fire River Gold:
Fire River Gold Corp.'s flagship property is the wholly owned Nixon Fork Gold
Mine located in the resource rich Tintina Gold Belt.
Operations at Nixon Fork commenced in July 2011, with a near term production
target of 30,000 oz gold by end of 2012, and
projecting an increase to 35,000 to 40,000 oz gold
per year in 2013. The Nixon Fork Mine is a past producing mine with a high
grade production history, and a low capital requirement due to pre-existing
infrastructure. The Nixon Fork Mine is operated by Mystery Creek Resources, a
wholly owned subsidiary of Fire River Gold Corp. based in Anchorage, Alaska.
The mine operates year-round producing both gold concentrate and dor� bars. The company's mine plan is designed to replace
mined resources on an annual basis, insuring sustainable gold production.
Excellent district scale exploration potential provides additional upside for
the project.
Fire River Gold has
built a stable platform for growth and a new, experienced and dynamic
management team and Board of Directors. With new leadership, a revamped mine
plan, increased mill production and exploration upside, Fire River is poised
for a period of growth and increased shareholder value.