Threegold Announces Board Changes and New Chairman

Threegold Announces Board Changes and New Chairman
  
 

VAL-D'OR, QUEBEC--(Marketwired - Apr 8, 2014) - Threegold Resources Inc (TSX-VENTURE:THG) is pleased to announce the appointments of Mr. Michael Willett to the board of directors and Mr. Peter A. Ball as Chairman of the Board, replacing Mr. Richard Tanguay, who has resigned from the Board, effective April 7, 2014. The Board of Directors wishes to thank Mr. Tanguay for his contribution since 2006.

"As the Company moves forward and continues to review development and production assets, the addition of Mr. Willett as well as the appointment of Mr. Ball as Chairman of the Board, will provide the required technical experience and leadership to ensure a smooth transition for Threegold," commented Victor Goncalves, President and CEO of Threegold.

Mr. Michael Willett is a Professional Mine Engineer with over 30 years of experience in management, engineering, and operations in the mining industry. Mike has worked for several mining companies including Hudbay Minerals Inc, Hudson Bay Mining and Smelting Co. Ltd., Aurora Quarrying Ltd, and Dynatec Mining Ltd. Mr. Willett has been involved in numerous mining projects, including several mine startups. During his career, he has held positions of progressively greater responsibility up to and including General Manager overseeing a mine and concentrator complex and associated infrastructure, and as CEO of Tamerlane Ventures Inc. Mr. Willett currently works for March Consulting Associates Inc. as Director Mining and holds a B.Sc. in Mine Engineering from Queen's University, and a Masters Certificate in Project Management from the Schulich School of Business, The University of Winnipeg.

Peter A. Ball, Chairman and Director of Threegold states, "I look forward to working more closely with Mr. Goncalves and also harnessing Mr. Willett's extensive "hands on" mining experience as we move forward evaluating strategic assets to add to the Company's portfolio. I have known Michael for over 20 years, since our early engineering days at Hudson Bay Mining & Smelting Co. Ltd. and I am pleased Michael has joined the Board, where we can tap into his strong technical knowledge on development and production assets."

Mr. Peter A. Ball has been with the Company as a Board member since 2013 and brings over 20 years experience as a mining professional. Mr. Ball has held various senior management roles in finance, securities trading, mine engineering, business development, corporate communications, public relations and marketing throughout North and South America, Asia and Europe. Mr. Ball began his career in the late 1980s working as a mining engineer, a technical representative, and various management and senior executive roles for numerous mining companies including Hudson Bay Mining & Smelting, Echo Bay Mines Ltd., Eldorado Gold Corporation, Adriana Resources Inc., Century Mining Corporation and Argentex Mining Corporation. Mr. Ball currently holds the position of President and Chief Operating Officer of Argentum Silver Corporation and is a graduate of the Haileybury School of Mines and Georgian Business College.

About Threegold

Threegold brings a highly qualified technical exploration team along with a strong management team that brings extensive mining, financial and public corporation expertise. The Company is focused on acquiring strategic exploration, development and production assets that minimizes shareholder risk and dilution and maximizes shareholder value and opportunity for growth.

Neither the 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.

This News Release may include certain information regarding the Company including management's assessment of future plans, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration, development and production projects, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Threegold relies upon litigation protection for forward-looking statements.

Threegold Resources Inc.Victor GoncalvesPresident and CEO(204) [e-mail]