TORONTO, Sept. 28 /CNW/ - Yukon Gold Corporation, Inc. ("Yukon Gold" or the "Company") (OTCBB: YGDC) (Frankfurt: W8Y) is pleased to announce that it has appointed Douglas H. Oliver, Ph.D., MBA as its new President and Chief Executive Officer. The Company's Board also appointed Paul W. Pitman, BSc., P.Geo. as its new Vice President - Corporate Development and Exploration. Both Mr. Oliver and Mr. Pitman have also been appointed to fill vacancies on the Company's Board of Directors. Mr. Guerra, Jr., former CEO and President, will remain as a Director of the Company.
Dr. Oliver has over twenty years of experience in mineral exploration for major mining companies, junior exploration companies and independent consultants. He was the Chief Operating Officer of the Hemis Companies and, in that capacity, assembled and managed an exploration staff with projects in the United States, Canada, Mexico and Peru. His key projects for the Hemis Companies involved gold, silver, copper, molybdenum and uranium. He has held significant positions with Tenneco Minerals, Occidental Minerals, US Steel and Exxon Minerals. Dr. Oliver has twelve years of teaching experience at the university level, including courses in Physical Geology, Igneous & Metamorphic Petrology, Mineralogy and Economic Geology. Dr. Oliver holds a Ph.D. in Geology from Southern Methodist University, an MBA in Finance from the University of Texas at Austin and a bachelor's degree in Geology from Rutgers University. Dr. Oliver is 58 years old.
Mr. Pitman has been continuously active in the mineral industry since the early 1970s. From graduation to 1983 he worked for three major companies; Gulf Minerals, Union Minière of Belgium and BP Canada. He has since consulted to over 60 junior resources companies through PWP Consulting Co., a full-service geological firm active in base and precious metal exploration, diamonds and uranium prospection. He was the founder of both Ur-Energy Inc., a TSE listed Co. and Aura Silver Resources Inc (TSX-V listed) acting as President and Director to 2007/08 respectively. He has served as a Director and/or officer of several other junior explorers as well as currently acting as VP Exploration to Ur-Energy and remaining as a geological advisor to Aura Silver. He holds a bachelor's degree in Geology from Carleton University.
In addition the Company is pleased to appoint Mr. Dennis H. Peterson, B.Comm. (Hons.), LL.B. as the Company's Canadian counsel. Mr. Peterson is a securities lawyer and the principal of Peterson Law Professional Corporation, a Toronto based securities law boutique focusing on junior public companies. Mr. Peterson was called to the Bar of Ontario in 1988 and holds a Bachelor of Commerce (Honours) degree from Queen's University specializing in accounting and finance and a Bachelor of Laws degree from the University of Toronto. He is the author of Shareholder Remedies in Canada published by Butterworths. Mr. Pitman has also been appointed as Corporate Secretary of the Company to assist Mr. Peterson in compliance matters. Mr. Pitman served in this capacity for several years as a consultant to one TSE listed client.
Joey Guerra, Jr., commented that, "We are very pleased to be able to bring in Doug and Paul to help us as we move forward with our transaction with Bellhaven Copper and Gold, Inc. to acquire a 75% controlling interest in the Cerro Quema gold project located in the Province of Los Santos, Republic of Panama."
FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements. Cautionary Note to US Investors - The United States Securities and Exchange Commission (SEC) limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. The reader is cautioned that the terms "resource," "indicated" and "inferred" are not terms recognized by SEC guidelines for disclosure of mineral properties. Generally, "indicated" and "inferred" estimates do not rise to the level of certainty required by SEC guidelines. The mineralized material described above is not considered a "reserve" as that term is used in the mining industry and in SEC disclosure guidelines.
SOURCE GlobalMin Ventures Inc
For further information: For further information: Paul W. Pitman, Corporate Secretary, (905) 454-3620