New Guinea Gold Appoints Colin McKenzie as Director
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/06/10 -- The Board of Directors of New Guinea Gold Corporation (TSX VENTURE: NGG)(FRANKFURT: NG8) (the Company), subsequent to the Annual General Meeting held on June 29, 2010, appointed Colin McKenzie as a director of the Corporation.
Colin is a respected exploration professional with over 30 years experience in major exploration projects and business development in Canada and internationally. He is President and CEO of Cornerstone Resources Inc. (TSX VENTURE: CGP) and previously served as Vice President, Exploration for Skye Resources, which was engaged in development of nickel laterite deposits in Guatemala. Before joining Skye, he was Director, Exploration for Inco Ltd., where he was in charge of exploration in Latin America as well as responsible for generating new business opportunities from Inco's portfolio of non-core exploration properties. From 1996 to 2000 he was Vice President, Exploration for Voisey's Bay Nickel, responsible for managing exploration and resource evaluation of the Voisey's Bay deposits. Prior to that he held increasingly senior exploration positions with Rio Algom and BP Mining, where he was credited with the discovery of the Hope Brook gold deposit. Colin holds B.Sc. (Honours) and M.Sc. degrees in Geology from Dalhousie University.
Bob McNeil, CEO and Chairman commented, 'We welcome Colin to the Board. Colin will add substantial strength to our exploration and development team and is the latest of several changes to the Board this year. The changes to date, plus possible future changes, should place NGG in a strong position to advance as exploration and development continues on NGG projects and increases momentum on our joint venture and associate company projects'.
ON BEHALF OF THE BOARD
R.D.McNeil, CHAIRMAN & CEO
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of NGG, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
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.
Contacts:
For further information on this release or on other NGG
projects such as the Sinivit Gold Mine, contact Forbes West
toll free at (888)6555532
forbes@sherbournegroup.ca
info@newguineagold.ca
www.newguineagold.ca