Brossard (Quebec), October 6th, 2015 Nippon Dragon Resources Inc. (the 'Corporation' or 'Nippon') (TSX-V Symbol: NIP), announces that Mr. Andre Savard has resigned as Nippon's president & CEO, effective immediately. Mr. Donald Brisebois has been mandated by the Board of Directors to assume the duties and act as president & CEO. 'It is with a heavy heart that I have tendered my resignation, however, personal family matters require my full and undivided attention, which will impede my ability to fulfill my duties as president & CEO of the company' stated Mr. André Savard.
Additionally, Mr. Gerald Desourdy has resigned as a director of Nippon's Board of directors citing his decision to reduce his professional workload and related activities.
The Board wishes to extend to both Andre and Gerald their sincere appreciation for their contribution in helping to well position the company on the path of growth and profitability.
Nippon is active in the exploration and the development of gold resources in Quebec. The Corporation holds a gold property with resources recognised in accordance with NI43-101, a modular treatment plant and also an exclusive license for the Thermal Fragmentation mining method.
The company's growth strategy is based on:
• The development of its gold deposits with the objective of producing revenue from its operations;
• Increasing the value of its mining assets by prioritizing the exploration targets; and
• The commercialisation and employment of its thermal fragmentation technology.
For additional information:
John Stella, Investor relations (514) 718-7976 [email protected]This email address is being protected from spambots. You need JavaScript enabled to view it.
Donald Brisebois, Vice-president Operations & technology (450)510-4442 [email protected]This email address is being protected from spambots. You need JavaScript enabled to view it.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration and production activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation 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 market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
Nippon Dragon Resources Inc. 7055 Taschereau Blvd., suite 500, Brossard (Quebec) J4Z 1A7
Tel: (450) 510-4442 www.nippondragon.com