White Tiger Gold Appoints New Director
TORTOLA, British Virgin Islands, Nov. 28, 2012 /CNW/ - White Tiger Gold Ltd. (TSX: WTG) ("White Tiger Gold" or the "Company") is pleased to announce the appointment of Mr. Dmitry Snesar to its Board of Directors.
Mr. Snesar is currently a Managing Director with VTB Capital plc, which is part of the VTB Group, a leading international financial group of Russian origin. Mr. Snesar brings to the Company the knowledge and experience gained from his extensive involvement within the Russian financial sector.
Commenting on the appointment of Mr. Snesar, Jim McBurney, Chief Executive Officer of White Tiger Gold said, "On behalf of the Board of Directors, I would like to welcome Mr. Snesar to the White Tiger Gold board, where his wealth of experience in international business and finance will be put to excellent use. The addition of yet another director, with a background in finance and experience in the Russian Federation, will greatly benefit the Company as we continue to progress with the development of our Russian asset base."
About White Tiger Gold
White Tiger Gold is a gold mining and exploration company with its assets based in eastern Russia. The common shares of White Tiger Gold are listed and posted for trading on the Toronto Stock Exchange (TSX) under the symbol "WTG".
This news release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws including with respect to the impact of the new resource and reserve estimate on the Nasedkino Gold Deposit's economics, development of the Nasedkino project, the planned increase production threat and the timing thereof, the drilling program on the Uryum Property, the economic feasibility of the open-pit operations on the Nasedkino deposit, the planned level of output and the sustainability of production. Words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology are used to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by the management of White Tiger Gold in light of their experience, current conditions and their expectations of future developments as well as other factors which they believe to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to: uncertainties relating to the interpretation of the geology, continuity, grade and size of estimates; unanticipated operational or technical difficulties; changes in the availability of qualified personnel; changes in equity and debt markets; fluctuations in gold and other commodity prices; as well as other risks and uncertainties which are more fully described in White Tiger Gold's Annual Information Form dated April 5, 2012 and its annual and quarterly Management's Discussion and Analysis and in other filings made by White Tiger Gold with Canadian securities regulatory authorities and available at www.sedar.com.
Any forward-looking statement and information speaks only as of the date on which it is made and, except as may be required by applicable laws, White Tiger Gold disclaims any intent or obligation to update any forward-looking statement and information, whether as a result of new information, future events or results or otherwise. Although White Tiger Gold believes that the assumptions inherent in the forward-looking statements and information are reasonable, forward-looking statements and information are not guarantees of future performance and accordingly undue reliance should not be put on such statements or information due to the inherent uncertainty therein.
SOURCE: White Tiger Gold Ltd.For further information:
White Tiger Gold Ltd.
Chief Executive Officer