Toronto, Ontario - Victoria Gold Corp. (TSX‐V: VIT) ("Victoria" or the "Company") is pleased to announce that two highly qualified individuals, Mr. Edward Dowling and Mr. Christopher Hill, have been nominated to serve on the Company's Board of Directors. Additionally, T. Sean Harvey, Hugh Agro, Leendert Krol, Michael McInnis and John McConnell are to stand for re‐election to the company's Board of Directors. The election will take place at the Company's annual general meeting being held on August 18, 2011 in Whitehorse, Yukon.
Mr. Edward Dowling is the Chief Executive Officer, President and Director of Alacer Gold Corp, a role he has served in since the formation of Alacer through the merger of Anatolia Mineral Development and Avoca Resources Limited in February 2011. Ed held the same role at Anatolia, since April 2008. From January 2007 through early 2008 he served as Chief Executive Officer, President and director of Meridian Gold Inc. Additional leadership roles Ed has held have included: De Beers, Johannesburg, South Africa, as Executive Director, Mining and Exploration; Cleveland‐Cliffs as Executive Vice‐President ‐ Operations; and Cyprus Amax Minerals Company in various leadership capacities. Ed holds a Bachelor of Science in Mining Engineering as well as a Master of Science and a Doctor of Philosophy in Mineral Processing, all granted from Pennsylvania State University. Ed is recognized in the industry for his ability to assemble and motivate teams of people to tackle and deliver challenging projects for creation of long‐ term value.
Mr. Christopher Hill has been Treasurer at Aecon, Canada's largest public construction and infrastructure development company, since March 2011. Previously, Chris held several senior management positions at Kinross Gold Corporation ("Kinross") from 1998 through 2010. Chris started at Kinross as Vice President, Treasurer, was appointed Senior Vice President, Corporate Communications & Vice President Investor Relations in 2004, and finally Senior Vice President, Treasurer in 2006. Prior to Kinross, Chris spent time in the treasury department of Barrick Gold Corporation and was a trader for Lac Minerals and the Bank of Nova Scotia. Chris holds a Masters of Business Administration from the University of Toronto and a Bachelor of Business Administration from Wilfred Laurier University. Chris' vast treasury and finance experience, combined with his background in marketing will serve Victoria well as the Company advances to the status of a mid‐tier gold producer.
T. Sean Harvey, Chairman of Victoria commented, "We are delighted to have Ed and Chris considered for Victoria's Board of Directors as they both bring a wealth of knowledge and broaden the Board's combined expertise to execute on the development of the Eagle Project".
Chad Williams has elected to step down from the Company's Board of Directors this year. The Company would like to take this opportunity to thank Mr. Williams for his contributions to Victoria during his 4 year tenure as Director.
In addition, Mrs. Kelly Arychuk has been appointed the Company's Vice President, Mine Support Services. Kelly brings over 20 years experience in the field of human resources coupled with substantial experience within the mining industry, dealing with larger scale operating mining companies in Northern Canada. She most recently held the position of Manager of Human Resources and Administration for DeBeers Canada Inc. where she was responsible for leading the ramp‐up of operations from a small, greenfields operation through construction and into production with the hiring of 500 positions and the redeployment of over 130. As well, at De Beers Canada Inc., Kelly was responsible for workforce development and the supply chain management function which included all procurement, logistics, camp and travel operations. Kelly also held senior managerial human resource positions at BHP Billiton and the City of Yellowknife. Kelly is active in many boards and agencies around training and development and is currently the NWT President of Skills Canada and the Chair of the NWT Mine Training Society.
"Adding Kelly to our senior management team is an important step in Victoria's evolution into a gold producer. Kelly's experience with the development and implementation of human resource strategies for new, large scale operations will be of great benefit to Victoria as we move forward with the construction and operation of the Eagle Gold Mine", commented John McConnell, President & CEO.
Victoria is a high‐growth gold company with a focus on adding value per share through efficient exploration, project development, and accretive acquisitions. Maintaining a low risk profile through project diversification, sound financial management, and operating in secure jurisdictions are key priorities for Victoria's management team.
Cautionary Language and Forward-Looking Statements
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This press release includes certain statements that may be deemed "forward‐looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, anticipated dates for the completion of work performed by external consultants, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward‐looking statements. Factors that could cause actual results to differ materially from those in forward‐looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward‐looking statements.
This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.
For Further Information Contact:
Katie Fedorowicz, MBA
Investor Relations Coordinator
Victoria Gold Corp
Tel: 416-866-8800 Ext. 226