TORONTO, May 14 /CNW/ - Metallic Ventures Gold Inc. ("MVG" or the
"Company") (TSX: MVG) today announced that it has accepted the resignations of
Linda E. Misetich and Alexander J.R. Grieve as directors of MVG, effective May
13, 2009. MVG is pleased to announce that Richard McNeely and Gary Barker have
been appointed to fill the vacancies resulting from such resignations. Mr.
McNeely is a former director of the Company.
Mr. McNeely has over 30 years of experience in the mining industry. He
has a Bachelor of Science in Mining Engineering from the Mackay School of
Mines at the University of Nevada-Reno, he is a member of the American
Institute of Mining Engineers and he is a member of the Engineering Honour
Society Tau Beta Phi. Early in Mr. McNeely's career he helped start-up the
Jerrit Canyon Operation for Freeport Gold Company and he then became Project
Manager of U.S. Gold's Victor Operation in Cripple Creek, Colorado. In 1984,
Nerco Minerals purchased the Victor Operation and Mr. McNeely was asked to
stay on. In 1985, Mr. McNeely was Vice President of Operations for U.S. Gold.
Following this, Mr. McNeely became Mine Regional Manager for Western States
Minerals and is the principal of McNeely Consulting. From 1992 to 1998, Mr.
McNeely was President and a Director of Cobre Mining Company Inc. Mr. McNeely
then became President and director of Metallic Ventures Gold.
Mr. Barker has over 40 years of mining experience. Early on, Mr. Barker
studied electrical engineering with a later focus and concentration on
business and labor management. From 1991 to 2002 Mr. Barker was president,
chief executive officer and a director of Arava Natural Resources Co., the
natural resources division of Mueller Industries. Arava was the parent company
of a diversified group of natural resource related companies, including a coal
company, copper mining, gold mine and an oil and gas operating company. Mr.
Barker was responsible for the sale of many of these non-core assets. Since
2002 Mr. Barker has been an advisor to Mueller Industries, which is a publicly
traded, New York Stock Exchange listed company.
The board has been given a mandate to maximize value for all MVG
shareholders. Mr. Ward said that "I am pleased that Richard and Gary have
agreed to act as directors of MVG and I believe we are well equipped to
undertake a thorough review of the Company's prospects and consider all
options available to maximize shareholder value."
In addition, Mr. Ward has been appointed by the board of directors as the
non-executive Chairman of the Company, effective May 13, 2009. Further, the
board has appointed Messrs. McNeely and Barker and Mr. Wesley Hall as members
of the audit committee.
Certain statements included herein constitute "forward looking
statements" within the meaning of the United States Private Securities
Litigation Reform Act of 1995. Such forward looking statements involve known
and unknown risks, uncertainties and other factors that may cause the actual
results, performance or achievements of Metallic Ventures Gold or of the gold
mining industry to be materially different from future results, performance or
achievements expressed or implied by those forward looking statements. These
risks, uncertainties and other factors include, but are not limited to,
changes in the worldwide price of gold or certain other commodities and
currencies and the risks involved in the exploration, development and mining
business. These factors are discussed in greater detail in Metallic Ventures
Gold's most recent Annual Information Form and Management's Discussion and
Analysis of Financial and Operating Results on file with the Canadian
provincial securities regulatory authorities.
For further information:
For further information: Metallic Ventures Gold Inc., Miles Bachman,
President and CFO, (775) 826-7567, Website: www.metallicventuresgold.com