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LGF

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Share Name Share Symbol Market Type
TSXV:LGF TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Laurentian Goldfields Announces Management Changes to Advance the Madsen Gold Project and Issuance of Stock Options

08/04/2014 12:00pm

Marketwired Canada


Laurentian Goldfields Ltd. ("Laurentian" or the "Company") (TSX VENTURE:LGF) is
pleased to announce the appointment of Mr. Darren O'Brien, P.Geo., as Vice
President of Exploration. Mr. O'Brien is a registered professional geologist
with over 20 years of experience in the mineral exploration industry working for
junior and major mining companies. He is currently an Elected Director of the
Association for Mineral Exploration British Columbia (AMEBC) and was recently
Vice President of Exploration for Terrane Metals Corp., a British Columbia based
exploration company recently acquired by Thompson Creek Metals Company Inc.


Previously Mr. O'Brien worked for Placer Dome Inc. as Senior Exploration
Geologist in the Strategic Development Group. In this position he conducted
exploration in the Red Lake Camp for Placer Dome Inc, within and adjacent to the
Campbell Mine, which is now a part of Goldcorp Inc.'s Red Lake Gold Mines
Complex. Mr. O'Brien also completed evaluations on advanced stage projects in
Central Asia, Alaska, the Caribbean, and Canada. Mr. O'Brien played a key role
in the early development of the Donlin Creek Project in Alaska, and has advanced
several projects to positive production decisions including Pueblo Viejo
(Dominican Republic) and Mt. Milligan (British Columbia).


Mr. Mark J. Pryor, Pr.Sci.Nat, former Vice President of Exploration of
Laurentian, has moved to the role of Chief Exploration Geologist of the Company.
In this role Mr. Pryor's wealth of experience will continue to provide
Laurentian with strong technical oversight as the Company advances its growth
goals for the Madsen Gold Project.


Laurentian is also pleased to announce the appointment of Mr. Mischa Zajtmann as
the new Corporate Secretary of the Company, effective immediately.


Mr. Zajtmann is the General Counsel at Oxygen Capital Corp. and is a corporate
and securities lawyer with experience in advising and assisting public
companies. Mr. Zajtmann obtained his LLB from the University of Saskatchewan in
2008 and is called to the bar in both B.C. and Alberta. Mr. Zajtmann was
previously an associate in the securities and corporate finance group of the
Vancouver office of Blake, Cassels & Graydon, LLP.


Issuance of Stock Options

Laurentian has granted incentive stock options to its directors, employees and
consultants exercisable to purchase up to 4,380,000 common shares in the capital
of the Company until April 8, 2019 at an exercise price of $0.35 per share,
being the closing price of the Company's shares as traded on the TSX Venture
Exchange on April 7, 2014. The incentive stock options were granted in
accordance with Laurentian's Stock Option Plan and, other than those options
granted to directors, are subject to vesting provisions.


About Laurentian Goldfields Ltd.

Laurentian is led by a management team and board that comprise established
mining professionals with extensive knowledge of Red Lake, and proven technical
and capital markets expertise. The management and board are committed to
generating exceptional shareholder growth through the exploration and
development of the high-grade gold Madsen Gold Project in the prolific Red Lake
gold camp of Northwestern Ontario. Laurentian intends to become a leading
exploration company by unlocking the value in numerous advanced-stage
exploration targets and previous gold producers along the 12 kilometre Madsen
Mine Trend.


ON BEHALF OF THE BOARD OF DIRECTORS,

Darin Labrenz, P.Geo., President and CEO

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.


Cautionary Statement on Forward-Looking Information

This press release contains certain forward-looking statements, such statements
include, without limitation, Laurentian's plans and objectives to acquire the
Newman-Madsen Gold Property. All statements, other than statements of historical
facts, are forward-looking statements. The words "believe", "expect",
"anticipate", "contemplate", "target", "plan", "intends", "continue", "budget",
"estimate", "may", "will" and similar expressions identify forward-looking
statements. Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by the Company, are
inherently subject to significant business, economic and competitive
uncertainties and contingencies. Known and unknown factors could cause actual
results to differ materially from those projected in the forward-looking
statements. Such factors include, but are not limited to, fluctuations in the
price of gold and other commodities, changes in government legislation,
taxation, controls, regulations and political or economic developments in
Canada, risks associated with mining or development activities, the speculative
nature of exploration and development, including the risk of obtaining necessary
licenses and permits and the inability of Laurentian to complete the acquisition
of the Newman-Madsen Gold Property. Many of these uncertainties and
contingencies can affect the Company's actual performance and could cause actual
performance to differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, the Company. Readers are
cautioned that forward-looking statements are not guarantees of future
performance. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from those
acknowledged in such statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise, except to the extent
required by applicable laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Laurentian Goldfields Ltd.
Darin Labrenz
President and CEO
(604) 646-8000
InvestLGF@laurentiangoldfields.com
www.laurentiangoldfields.com

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