Corvus Gold Hires Alaska Exploration Manager and Grants Stock Options
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/29/11 -- Corvus Gold Inc. (TSX: KOR)(OTCQX: CORVF) ('Corvus' or the 'Company') is pleased to announce the hiring of Chris Brown as the Company's Alaska Exploration Manager. Mr. Brown has 15 years of experience working on various stages of gold and base metal exploration projects in Alaska, having served as Senior Geologist for Avalon Development Corp., a mining and mineral exploration consulting firm based out of Fairbanks, Alaska, since 1997. Mr. Brown has a Bachelor of Science degree in Geological Engineering from the University of Alaska Fairbanks.
'Chris's experience with advanced mine development analysis will add considerable depth to our ability to continually assess the progress being achieved by our joint venture partners, who are conducting a total of over $7 million in exploration on our properties this year,' said Jeff Pontius, Chairman and CEO of Corvus Gold. 'In addition, his intimate knowledge of Alaska and its mineral systems will significantly benefit the Company as it pursues new, high-quality exploration opportunities.'
The Company announces that, pursuant to its 2010 Incentive Stock Option Plan, it has granted annual incentive stock options to directors as well as options to its new Alaska Exploration Manager, for the purchase of up to an aggregate of 650,000 common shares in the capital stock of the Company. The options will vest over a three-year period and are exercisable on or before July 29, 2016, at a price of $0.50 per share.
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 from early stage to the advanced gold projects. Corvus is committed to building shareholder value through new discoveries and leveraging those discoveries via partner funded exploration into carried and or royalty interests that provide shareholders with significant exposure to gold production.
On behalf of Corvus Gold Inc.
Jeffrey A. Pontius, Chairman and Chief Executive Officer
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.
Contacts:
Corvus Gold Inc.
Shirley Zhou
Manager - Corporate Communications
(604) 638-3246 or Toll Free: 1-888-770-7488
(604) 408-7499 (FAX)
szhou@corvusgold.com
www.corvusgold.com