Dec. 14, 2010 (TheNewswire.ca) --
King's Bay Gold Corporation (TSX.V: KBG) is pleased to announce a number of board and management changes that reflect the Corporation's new direction and the strengthening of its Board of Directors and management team.
New Directors
Subsequent to the resignations of two of its Directors, Ginette Camiré and Catherine Kiang as announced in a news release dated December 3rd, 2010, the following two individuals have joined the Board of Directors with both appointments being subject to regulatory approval:
Steve Filopovic
Mr. Filipovic holds an Honours Bachelor of Commerce degree and is a Chartered Accountant in good standing with the Institute of Chartered Accountants of Alberta and Ontario. Steve is Chief Financial Officer of Mega Precious Metals Inc. (OOTC:MPRXF) (TSXV:MGP) (TSX.V: MGP) and Vice President, Finance of Premier Gold Mines Limited (OOTC:PIRGF) (TSX: PG). He was Vice President, Finance with Wolfden Resources Inc. until its acquisition in 2007 and became a Director and Chief Financial Officer of Zinifex Canada Inc. until his departure in 2008. Steve is currently a director and officer of several other listed companies.
Kyle Picard
Mr. Picard is one of the founding members of the Board of Directors of Mainstream Minerals Corporation (OOTC:MSMCF) (TSXV:MJO) (TSX.V: MJO). Since July 2006, Mr. Picard has acquired experience in a variety of positions with that company as Corporate Secretary and as Chairman of the Audit and Compensation Committees. Kyle is a Director of Accolade Resources Corporation (a private company based in Winnipeg, MB) and was a founding shareholder of Palomino Mining & Exploration Ltd (a private company based in Winnipeg, MB involved in the Headway property with King's Bay Gold Corporation (TSXV:KBG) ). He is also a Director with the Saint-Boniface General Hospital Auxiliary Inc. Kyle earned a Commerce Industry diploma with Red River Community College in Winnipeg, MB and is a manager in the telecommunications industry. Along with being a Director, Kyle has also accepted to become the Corporation's Corporate Secretary and become a member of the Board's Audit and Compensation Committees.
Chairman of the Board of Directors
The Corporation is also pleased to announce that James Rogers has accepted to become the Chairman of the Board of Directors. James will become the Corporation's first ever Chairman.
James Rogers
Mr. Rogers is a registered Professional Geoscientist (Ontario) with over 30 years' experience in the Canadian mining industry. James is President and CEO of Mega Precious Metals Inc. (TSX.V: MGP) and was most recently the Regional Exploration Manager for Goldcorp Inc. (TSX:G''G) (NYSE:GG) (TSX: G) in the Red Lake Camp. He was awarded the CIM Professional Proficiency metal in 1988 when he was Chief Mine Geologist at Dickenson Mine, predecessor to the current Red Lake Gold Mines. The first exploration drill holes into what ultimately became Goldcorp's High Grade Gold Zone were drilled on James's watch. While at Eskay Creek Mine as Chief Geologist, James was part of the team that received the E.A. Schultz Award for Mine Development.
Jim Rogers, Chairman of the Board states, "I am excited to chair this new management team and strongly believe that we now have all of the right people in place to move the company forward and realize its potential. Recent results at Menary demonstrate the high quality and potential of the project. The Headway Project continues to be very exciting as we confirm the geological model and near the productive horizon. An exciting year ahead!"
Management Changes
Finally, the Corporation is also pleased to announce the return of Ray Préfontaine as the Corporation's Chief Financial Officer. Mr. Préfontaine was a Director from August 2003 to March 2010 and was the Chief Financial Officer from January 2005 until March 2010.
Ray Préfontaine
Mr. Préfontaine is a senior management professional with over 20 years of experience in managerial and directorship roles in the banking, brokerage, accounting and natural resources industries. Ray is presently the Chief Financial Officer of Mainstream Minerals Corporation (TSX.V: MJO) and a Director of Accolade Resources Corporation (a private company based in Winnipeg, MB). He is currently the Chairman and a Director of the Saint-Boniface General Hospital Auxiliary Inc. Ray is a graduate of the University of Manitoba with a Bachelor of Arts degree in Economics and a Bachelor of Commerce (Hons.) degree in Marketing. He has completed various securities industry courses as provided by the Canadian Securities Institute and the Investment Funds Institute of Canada. During his university years, Ray served his country as a commissioned naval officer and as a ship's navigator in the Maritime surface programme of the Canadian Armed Forces Reserve.
As a result of all of these significant changes, the following is a comprehensive list of the Corporation's Directors, Officers and Board Committee Members:
James Rogers P.Geo., CIM - Director, Chairman of the Board, Audit Committee (independent member), Compensation Committee (independent member)
John Archibald B.Sc., P.Geo. - Director, President & Chief Executive Officer, Field Exploration Coordinator, National Instrument 43-101 Qualified Person
Ray Préfontaine B.A., B.Comm. (Hons.) - Chief Financial Officer
Kyle Picard - Director, Corporate Secretary, Audit Committee (non-independent member), Compensation Committee (non-independent member)
Holly Banner CA - Director, Audit Committee (non-independent member), Compensation Committee (non-independent member)
Steve Filopovic B.Comm. (Hons.), CA - Director
Rick Jabs - Director, Audit Committee (Chairman, independent member), Compensation Commmittee (Chairman, independent member)
About King's Bay Gold Corporation
King's Bay Gold Corporation is a very active Canadian mineral exploration and development company with mineral projects located in two of Canada's main gold camps - the Red Lake, ON and Rainy River, ON gold camps.
KBG Shares Outstanding: 76,986,902
King's Bay Gold Corporation
John Archibald
President & CEO
info@kingsbaygold.com
www.kingsbaygold.com
This news release includes certain forward-looking statements concerning the future performance of King's Bay Gold Corporation's business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company's recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking statements and readers are cautioned against placing undue reliance thereon.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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