Northern Freegold Appoints Paul Reynolds as Vice President, Exploration
23.05.2012/XNUMX/XNUMX Vancouver, BC - Northern Freegold Resources Ltd. (NFR: TSX-V) (“Northern Freegold” or the “Company”) is pleased to announce that Mr. Paul Reynolds has been appointed as Vice President, Exploration for the Company, subject to regulatory approval.
Mr. Reynolds will replace Allan Armitage as Vice President, Exploration by 1. June 2012. Mr. Armitage has been an invaluable resource for the growth and development of the Freegold Mountain Project and we wholeheartedly thank him for his dedication to the company. Through his association with GeoVector Management Inc., he remains involved in the technical management of the project including the resource estimate.
Mr. Reynolds is a professional geoscientist with over 25 years of experience. He has worked in Canada, USA, Bolivia, Argentina and Guyana. He specializes in the conceptual design and management of mineral junior exploration companies. Mr. Reynolds has extensive experience in the Yukon, working with similar rock types as those found on the Freegold Mountain Project. Paul has a B.Sc. of the University of British Columbia (1987) and is a member of the Association of Professional Engineers and Geoscientists of the Province of British Columbia (since 1992), is a member of the Geological Association of Canada and is a member of the Society of Economic Geologists.
Mr. Reynolds also has 16 years of leadership experience in listed companies both as a director and / or as a senior executive. Paul currently serves as President, CEO and Director of Central Resources Corp. (TSXV). Mr. Reynolds was formerly Chairman of Athlone Energy Ltd., which has been appointed to Daylight Energy Ltd. in September 2008 was sold. He is also Director of Azincourt Resources Inc. (TSXV), Crazy Horse Resources Inc. (TSXV), Petro One Energy Corp. (TSXV) and TerraX Minerals Inc. (TSXV).
His duties as Vice President Exploration of Northern Freegold Resources Ltd. include the responsibility for exploration, development and corporate strategy. He reports directly to John Burges, president and CEO. Mr. Burges said, "We are delighted to hire a person from Paul's professional caliber at Northern Freegold. He will lead exploration and corporate development. Paul works very closely with the technical team of GeoVector Management Inc. which will continue to be involved in the resource assessment and project management of the Freegold Mountain Project. "
About Northern Freegold Resources Ltd.
Northern Freegold is financially well-positioned and is making rapid progress as a Canadian precious metals exploration and development company. This is due to the local expertise and strong management fully focused on the development of the economic mineral resource at the Freegold Mountain Gold and Copper Project in Yukon and Burro Creek Gold and Silver Areas in Arizona.
Northern Freegold Resources Ltd.
On behalf of the Board of Directors
Drawn "John Burges"
John Burges
CEO and President
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Danger! Reserves and Resource Estimates Risk Disclosure This press release has been prepared in accordance with the requirements of Canadian securities law. These requirements differ from the requirements of the US Securities Act unless otherwise stated, all resources and reserve assumptions in this press release are compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining and Metallurgy Classification System. NI 43-101 is a rule developed by the Canadian Securities Administrators as the standard for all publications that an issuer makes regarding scientific and technical information regarding mineral projects. Canadian standards including NI43-101 differ greatly from the requirements of the United States Securities and Exchange Commission ("SEC") and resource and reserve information provided here may not be comparable to information provided by US companies. In particular and without limiting the general terms “resource”, this is not the same as the term “reserves”. Investors should understand that "inferred mineral resources" have great uncertainties about their existence, economy and legal effectiveness. It cannot be said with certainty that parts or all of them can be upgraded to a higher category. Estimating the amount of resources and reserves is complex and based on significant subjective assumptions and forward-looking information, including assumptions based on the evaluation of geological, geophysical, technical and economic data from an existing ore body. These dates vary from time to time as a result of a variety of factors such as new information arising from development activities, evolving production history and the re-evaluation of production viability. Changes in the data situation and / or assumptions can lead to changes in resources and reserves. No guarantee of the indicated levels of minerals that could possibly be produced. Current production can deviate greatly from expected production and of course be strongly influenced by falling mineral prices. Reserves can become uneconomical. Variations can also occur in ore grades and recovery rates.
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