Legend Gold Corp. Shareholders Elect New Directors May 24, 2011
TORONTO, ONTARIO -- (Marketwire) -- 05/25/11 -- Legend Gold Corp. (the 'Corporation' or 'Legend Gold') (TSX VENTURE: LGN) is pleased to announce that J. Gianni Kovacevic, Scott M. Hand, Terence Ortslan, and Ambogo Guindo have been newly appointed to its Board of Directors at the Annual and Special Meeting of shareholders of LEGEND GOLD CORP. held on Tuesday May 24, 2011.
Mr. Kovacevic is the President of Kovacevic Consult Inc., a consulting company serving the natural resource sector since March 2002. Since February 24, 2011, Mr. Kovacevic has been the President, CEO and a director of Choice Gold Corp., a mineral exploration company listed on the TSX Venture Exchange and Chairman of Romulus Resources since March 2010. From March 2006 to Sept 2008, Mr. Kovacevic was Manager of Corporate Development for Petaquilla Minerals Ltd., a gold exploration company listed on the TSX, and Petaquilla Copper Ltd., a copper exploration company formerly listed on the TSX.
Mr. Hand is Executive Chairman of the Board of Royal Nickel Corporation. Previously, Mr. Hand was the Chairman and Chief Executive Officer of Inco Limited ('Inco') from April 2002 until he retired in January 2007. Prior to that, Mr. Hand was the President of Inco and held positions in Strategic Planning, Business Development and Law. Inco has been a major global Canadian-based resources enterprise and a leading producer and marketer of nickel and other metals. Mr. Hand also serves on the boards of Manulife Financial Corporation (financial services), Juno Special Situations Corporation (mining resource investment), Boyd Technologies LLC (paper non-woven materials), Royal Coal Corp. (mineral resources), and the World Wildlife Fund Canada. Mr. Hand received a BA from Hamilton College and a JD from Cornell University.
Mr. Ortslan is the Managing Director of TSO & Associates, an independent mining, metals and fertilizer research firm, since 1996. He is also a Director of Silvermet Inc., Maudore Minerals Ltd, Plexmar Resources Inc., Bitterroot Resources Ltd. and Niocan Inc. Prior to 1996, Mr. Ortslan worked as a mining analyst with a number of investment firms including BBN James Capel Inc., Loewen, Ondaatje McCutcheon Ltd., Merrill Lynch, Wood Gundy Inc. and Jones Heward & Co. Mr. Ortslan obtained his B.Sc. (Engineering) degree in 1972 and an MBA in 1974, both from McGill University.
Mr. Guindo is currently Legend Gold's Sr. Vice President. Mr. Guindo is a native of the Republic of Mali. He holds a B.Sc. Ingenieur Geologue from the Ecole Nationale D'Ingenieurs Mali, and an M.Sc. in Mineral Exploration from Queen's University, Canada. Since 2002, Mr. Guindo has been the Vice President and Sr. Vice President of the Corporation. Since 2000, Mr. Guindo has also been the principal of Ambogo Consulting, a mineral exploration consulting firm with a focus on exploration in West Africa. From 1987 to 1999, Mr. Guindo was employed by BHP Minerals as a Program Manager.
Scott Waldie, Lyle Hepburn and George Bell were re-elected as directors of the Corporation. Their biographies are available on the company's websitewww.legendgold.com.
'On behalf 0f Legend's Board of Directors I would like to acknowledge outgoing directors, Anthony P. Lloyd and Dr. Robert Hodder. Mr. Lloyd and Dr. Hodder have served on Legend's Board of Directors with distinction since 2001 and 1997 respectively. We would very much like to thank these two gentlemen for the valuable contribution, counsel, and for the energy and efforts they brought to our board over the past many years. We wish them every success in their future endeavors. Dr. Hodder will remain active with Legend Gold as a consultant and Chair of our Technical Committee and we are very pleased to have him remain in this capacity for his excellent guidance on technical matters. We are delighted with our new Board of Directors whose stellar experience and talent will assure Legend G0ld's continued growth and success,' enthused Scott Waldie, Legend's President and CEO.
About Legend Gold
Legend Gold is a gold exploration and development company focused on exploring for gold in the Republic of Mali, West Africa, one of the world's fastest growing gold producing regions. Our four main projects are the Tiekoumala, Lakanfla, Diokeba, and Dalakan Projects. Currently a program consisting of up to 20,000 metres of combined RC and AC drilling is underway at our Tiekoumala project. In recent years, we have made significant gold discoveries on the Tiekoumala project located in southern Mali, and the Lakanfla project located in western Mali. Legend Gold has 62,523,411 common shares issued and outstanding (82,543,018 shares on a fully diluted basis). Please visit our website www.legendgold.com to for more information about our projects.
This news release may contain forward-looking statements that are based Legend Gold Corp.'s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
Neither the 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:
Legend Gold Corp.
Jane Curtis
Manager Corporate Affairs
416.703.6348
jcurtis@legendgold.com
www.legendgold.com
Renmark Financial Communications Inc.
Barry Mire
514.939.3989
bmire@renmarkfinancial.com
Renmark Financial Communications Inc.
Matthew Planche
416.644.2020
mplanche@renmarkfinancial.com
www.renmarkfinancial.com