WHITEHORSE, YT, Dec. 19, 2012 /CNW/ - Golden Predator Corp. (TSX: GPD) (the "Company") is pleased to announce the appointments of Mr. Timothy Leybold as Chief Financial Officer and Mr. Jeff Cary as Vice President, Exploration.
"I welcome these new appointments to our team and look forward to working closely with Timothy and Jeff to achieve our mandate to become the Yukon's next gold producer and realize the full potential of our extensive royalty portfolio," said William M. Sheriff, Chairman and CEO.
Timothy Leybold, Chief Financial Officer
Mr. Leybold is a seasoned financial executive with over 20 years' experience, most recently as Chief Financial Officer (CFO) of Gold Canyon Mining & Construction in Reno, Nevada. He was previously CFO for ICO Global Communications; a Nasdaq listed company, and Port Blakely Companies; a natural resources and land development company; as well as CFO for Coast Crane Company, Port Townsend Paper Corp. and RLC Industries, Inc.
Mr. Leybold graduated maxima cum laud from the University of Portland before beginning his career as a CPA practicing public accounting for eight years with an international audit firm. He earned his MBA from the University of Oregon in 1996. Mr. Leybold is a member of Financial Executives International and the American Society of CPA's, and serves on the boards of Forest Legacy LLC and the Seattle Chapter of the National Association of Corporate Directors.
Jeff Cary, Vice President, Exploration
As Vice President of Exploration, Mr. Cary will be directing all of the Company's geological staff and activities. His primary focus will be on continuing the successful advancement of Brewery Creek as well as the development of the Company's substantial royalty portfolio.
Mr. Cary brings 24 years of experience advancing mineral exploration properties for Battle Mountain Gold, Hemlo Gold, Kinross Gold and the US Geological Survey. He has worked extensively throughout the western United States and has significant experience in Canada, Mexico and Chile. Mr. Cary's expertise covers exploration for and development of epithermal precious metal, porphyry precious metal, and base metal deposits. Mr. Cary played a key role in the development and modeling of Battle Mountain Gold's world class Phoenix deposit, a +6 MM ounce gold-silver-copper skarn in north-central Nevada. Since joining Golden Predator in 2010, he has been an active member of the technical team advancing the Company's flagship Brewery Creek Project, as well as the Grew Creek and Cache Creek projects.
Mr. Cary holds BSc and MSc degrees in Geology, is a member of the Society of Economic Geologists (SEG), Nevada Geological Society (NGS) and the Four Corners Geological Society (FCGS).
The Company wishes to thank Mark Abrams for his service and commitment as our former Vice President, Exploration (US). We congratulate him on his appointment as the Vice President of Corporate Development for Wolfpack Gold Corp.
About Golden Predator Corp.
Golden Predator Corp., Yukon's Gold Company, is mandated to become the Yukon's next gold producer by advancing its 100% owned Brewery Creek Project with a production goal of 2014. The Company has an extensive royalty portfolio based in Nevada including Midway Gold's Pan Deposit, Midway Gold's Gold Rock Deposit and portions of Barrick's Bald Mountain Mine which are expected to yield significant cash flows within the next few years. Golden Predator has one of the largest controlled land positions in the Yukon, with exploration holdings in excess of 1 million acres, and is committed to strong relationships with First Nations and local communities.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Golden Predator's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Golden Predator assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
The mineral resource estimates referenced in this news release use the terms "Measured Mineral Resources" and "Indicated Mineral Resources." U.S. readers are cautioned that these terms are defined in and required by Canadian regulations, however these terms are not defined terms under guidelines prescribed by the U.S. Securities and Exchange Commission ("SEC"). The SEC normally only permits issuers to report mineralization that does not constitute SEC compliant "reserves" as in-place tonnage and grade without reference to unit measures. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these resource categories will ever be converted into reserves, or that reserves reported in this news release equate to reserves as defined in SEC guidelines.
SOURCE: Golden Predator Corp.
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