QUEBEC CITY, Aug. 28 /CNW Telbec/ - Excel Gold Mining Inc. (the
"Corporation") (TSX Venture Exchange: EGM) will defer the filing of its annual
financial statements, its annual management's discussion and analysis and the
certification of the chief executive officer and chief financial officer
required under Regulation 52-109 respecting certification of disclosure in
issuers' annual and interim filings (the "Financial Documents") for the fiscal
year ended April 30, 2008. Pursuant to Regulation 51-102 respecting continuous
disclosure obligations, the filing of the Financial Documents should have been
made today at the latest.
This unique situation is the result that the Corporation's subsidiary
located in Guyana (Excel Gold Guyana Inc.) was not able to provide its audited
financial statements on time. The Corporation is doing what needs to be done
to ensure that the preparation of its subsidiary's audited financial
statements be finalized. The Corporation expects to be able to file on SEDAR
the Financial Documents this coming September 5, 2008.
The Corporation has notified the Autorité des marchés financiers du
Québec that the Corporation would be delaying the filing date of the Financial
Documents beyond the statutory filing date. As long as the Financial Documents
will not be filed, the Corporation's management and directors will not be
trading the Corporation's securities.
It is important to specify that the Corporation is not at the moment
subject to any insolvency proceeding.
The TSX Venture Exchange does not accept any responsibility for the
adequacy or accuracy of this release.
Forward-looking statements contained in this press release involve known
and unknown risks, uncertainties, and other factors that may cause actual
results, performance, and achievements of the Corporation to be materially
different from any future results, performance, or achievements expressed or
implied by said forward-looking statements.
For further information:
For further information: Daniel Pauzé, President, Excel Gold Mining
Inc., (514) 951-7776