High River
Gold Mines Ltd. ("High River" or the "Company") (TSX:HRG)
announces the resignation of Konstantin Sobolevskiy
as a Chief Executive Officer of the Company effective March 5, 2012. The
Company's Board of Directors will be meeting to appoint a new Chief Executive
Officer. The Company wishes to thank Mr. Sobolevskiy
for his service.
About High River
High River is an unhedged gold company with
interests in producing mines, development and advanced exploration projects
in Russia and Burkina Faso. Two underground mines, Zun-Holba
and Irokinda, are situated in the Lake Baikal
region of Russia. Two open pit gold mines, Berezitovy
in Russia and Taparko-Bouroum in Burkina Faso, are
also in production. Finally, High River has a 90% interest in a development
project, the Bissa gold project in Burkina Faso,
and a 50% interest in an advanced exploration project with NI 43-101
compliant resource estimates, the Prognoz silver
project in Russia.
FORWARD LOOKING INFORMATION
This release and subsequent oral statements made by and on behalf of the
Company may contain forward-looking statements. Wherever possible, words such
as "intends", "expects", "scheduled",
"estimates", "anticipates", "believes", and
similar expressions or statements that certain actions, events or results
"may", "could", "would", "might" or
"will" be taken, occur or be achieved, have been used to identify
these forward-looking statements. Although the forward-looking statements
contained in this release reflect management's current beliefs based upon
information currently available to management and based upon what management
believes to be reasonable assumptions, High River cannot be certain that
actual results will be consistent with these forward-looking statements. A
number of factors could cause events and achievements to differ materially
from the results expressed or implied in the forward-looking statements.
These factors should be considered carefully and prospective investors should
not place undue reliance on the forward-looking statements. Forward-looking
statements necessarily involve significant known and unknown risks,
assumptions and uncertainties that may cause High River's actual results,
events, prospects and opportunities to differ materially from those expressed
or implied by such forward-looking statements. Although High River has
attempted to identify important risks and factors that could cause actual
actions, events or results to differ materially from those described in forward-looking
statements, there may be other factors and risks that cause actions, events
or results not to be anticipated, estimated or intended, including those risk
factors discussed in the Company's 2010 Annual Information Form. There can be
no assurance that the forward-looking statements will prove to be accurate,
as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, prospective investors should not
place undue reliance on forward-looking statements. Any forward-looking
statements are made as of the date of this release, and High River assumes no
obligation to update or revise them to reflect new events or circumstances,
unless otherwise required by law.
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