Corvus Gold Hires Manager of Project Development to Advance its Terra, Alaska Project
Vancouver, B.C……..Corvus Gold Inc. ("Corvus" or the "Company") - (TSX: KOR, OTCQX: CORVF) announces the addition of Mr. Carl Brechtel as the Company’s new Manager of Project Development. Mr. Brechtel has over 35 years of mining industry experience and specializes in the design and development of both open pit and underground projects. Mr. Brechtel’s recent experience includes serving as President and Chief Operating Officer for International Tower Hill Mines Ltd., and Prefeasibility Manager for AngloGold Ashanti. With the Terra Project in Alaska anticipated to begin initial pilot scale gold production next year and the ongoing work at the Company’s large new bulk tonnage gold discovery at North Bullfrog in Nevada, Mr. Brechtel will be instrumental in the rapid advancement and development of these projects.
Jeff Pontius, Chief Executive Officer of Corvus, stated, "With the current strong gold price, and our projects’ location in favourable mining jurisdictions, Corvus is uniquely positioned to capitalize on those of its projects which offer near-term production potential. The addition of Mr. Brechtel to our team will allow the Company to effectively and efficiently move these projects forward to add significant shareholder value. Corvus is very fortunate to attract an individual with such a valuable skill set as Carl Brechtel to help in guiding the development portfolio of our rapidly expanding Company."
Grant of Stock Options
Pursuant to its 2010 Incentive Stock Option Plan, Corvus Gold has granted incentive stock options to directors, management and consultants of the Company to purchase up to an aggregate of 210,000 common shares in the capital stock of the Company. The options are exercisable on or before November 16, 2016 at a price of $0.67 per share. The options are subject to vesting provisions, with 70,000 vesting on grant, 70,000 on November 16, 2012 and 70,000 on November 16, 2013.
About Corvus Gold Inc.
Corvus Gold Inc. is a resource exploration company focused in Alaska and Nevada which controls a number of exploration projects representing a spectrum of early-stage to advanced gold projects. Corvus is committed to building shareholder value through new discoveries and leveraging those discoveries via partner funded exploration work into carried and or royalty interests that provide shareholders with significant exposure to gold production.
On behalf of
Corvus Gold Inc.
(signed) Jeffrey A. Pontius
Jeffrey A. Pontius,
Chief Executive Officer
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the potential for the any mining at or gold production from the Terra project or the North Bullfrog project, business and financing plans and business trends, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. In addition, information with respect to the proposed activities of the Company’s joint venture partner at the Terra property has been provided by the joint venture partner and, as such activities are not within the control of the Company, the Company takes no responsibility for the accuracy of such statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company’s latest Annual Information Form and interim Management Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.
This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.