TORONTO, ONTARIO--(Marketwired - June 9, 2014) - NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or the "Company") announces that effective June 1st Mr. Martin Shefsky, interim President and CEO will succeed Mr. Nuno Brandolini as Chairman of the Board. Mr. Brandolini will remain active as an independent board member. In addition, Mr. Eric Moeller, one of the founders of the Company and an independent director has been named President and CEO of the Company. Mr. Moeller will remain on the board as an Executive Director.
"I want to thank Mr. Brandolini for his service as Chairman, and congratulate Mr. Moeller in his new role in leading the Company as it transitions its flagship Garrison Property towards production. Mr. Moeller has actively contributed as an independent director for the past eight years, providing technical assistance to the Company," said Mr. Shefsky.
Mr. Moeller, Principle, Nanoparticle Consultancy LC, is a registered professional geologist (RPG SC374), with more than 35 years experience in exploration, mine development and permitting, mine/mill management, reclamation, and international sales and product development. He has served in officer, senior management and board roles for both public and private companies, and presently serves on the board of directors of the Vermiculite Association.
For more information please see the Northern Gold website at www.northerngold.ca.
About Northern Gold
Northern Gold is a TSXV-listed gold company based in Toronto, Ontario. The Company's main focus is the exploration and development of its prospective mineral properties at the Golden Bear Project in the Larder Lake Mining Division, northeastern Ontario. Northern Gold has a portfolio of advanced exploration projects, including the Jonpol and Garrcon Deposits and the Buffonta Property. Recent transactions, including the amalgamation with Victory Gold Mines Inc. and acquisition of the Lac Minerals Property add to the Company's regional consolidation strategy along the Destor-Porcupine Fault Zone.
CAUTIONARY STATEMENT: Neither the TSXV 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur and includes information with respect to, among other things, the uses of proceeds from financing activities and the status of regulatory approvals. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release is based on, among other things, the opinions and assumptions of management considered reasonable as of the date of this news release, such as that all necessary regulatory approvals will be received as and when expected, and financing will continue to be available to the Company on favourable terms or at all. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required regulatory approvals, changes in equity markets, fluctuations in commodity prices, and other risks involved in the mineral exploration and development industry, including those risks set out in Northern Gold's public documents filed on SEDAR. Although Northern Gold believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Northern Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.