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New Carolin Gold Announces Strategic Board Addition

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White Rock, BC / ACCESSWIRE / April 24, 2014 / New Carolin Gold Corp. (the “Company” or “New Carolin”) (TSX-V: LAD)
is pleased to announce the addition of Peter A. Ball as Executive Chairman and Director, and the appointment of Graham Eacott as Corporate Secretary. Mr. Eacott is an existing board member and also Chairman of the Audit Committee.

“The New Carolin Gold executive team and board of directors are taking the necessary key steps to accelerate the advancement of the Ladner Gold Project. The appointment of Mr. Ball as the Company’s Executive Chairman is aligned with our corporate focus to complete a strategic review and understanding of the Company’s assets and their exploration and development status, and to push forward to de-risk and advance each asset component to generate value for our shareholders. Mr. Ball brings extensive hands-on mining engineering, corporate finance, and business development experience along with a high level understanding of the mining industry where we operate,” commented Robert L. Thast, Interim President and CEO of New Carolin.” I am also pleased that Mr. Eacott has accepted the position of Corporate Secretary, as he brings significant in-depth knowledge of the Company and its history as we push forward to ensure New Carolin meets all its reporting, governance and corporate expectations.”

Mr. Ball, with close to 25 years of extensive experience and leadership as a mining professional, is known to have an intense drive, passion and energy required to deliver on the market’s expectations. He has held various senior management roles with international precious metals junior mining companies in corporate 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 in various management and senior executive roles for numerous companies including Hudson Bay Mining & Smelting, Echo Bay Mines Ltd., RBC Dominion Securities, Eldorado Gold Corp., Adriana Resources Inc., Century Mining Corp., and Argentex Mining Corp. Mr. Ball is a graduate of the Haileybury School of Mines, Georgian Business College and UBC’s Canadian Securities Course and a member of CIMM.

“I am pleased to join the New Carolin Gold team and look forward in assisting moving the Ladner Gold Project forward. I have known of the project for five years and have also built a strong relationship with the key stakeholders of the asset and Company as I continued to understand and be impressed by its untapped exploration and development potential. The project provides a compelling opportunity in today’s market, not only with its strategic location and infrastructure less than two hours drive from Vancouver, British Columbia, but in addition its advanced status with various key permits in place and available extensive underground workings on the property, and available known gold resources, both at the NI 43-101 compliant and historical stages,” stated Peter A. Ball, Executive Chairman and Director of New Carolin Gold.

“Initially we will be developing an effective strategy to fully understand each component of the asset base, and to fully understand each opportunity and take action only when and where we can add shareholder value. Our immediate goal is to close on current negotiations to acquire 100% control of the project, and concurrently maximize the potential cash flow development stage tailings pond gold resource component with interested groups. In addition, we will immediately task our technical team to put forth an exploration strategy to effectively manage and understand the significant upside of our 144 sq. kms land package within the Coquihalla Gold Belt, where multiple gold mines have operated over the past 80 years and where only recently modern geophysics has identified hidden geological structures potentially linking these previous operations together. We are taking the required steps to ensure we can meet our shareholders expectations and we will continue to deliver on our corporate guidance.”

Mr. Graham Eacott has been a director of the Company since 2007 and is Chairman of the audit committee. Mr. Eacott brings over 40 years of diversified international experience in the mining and financial industries. This includes company management and business development; corporate financings; financial analysis; investor relations; corporate governance and compliance; copper mining operations in Zambia; and consulting engineering. Prior to joining the Company, Mr. Eacott was Vice President of Investor Relations for several junior and mid-tier gold and base metals companies including Century Mining Corporation, Tamerlane Ventures Inc., and Royal Oak Mines Inc. Mr. Eacott spent four years in the investment industry as a highly ranked base metals analyst with Scotia Capital, Merrill Lynch and Maison Placements in Toronto. Graham Eacott graduated with a B.Sc. in Metallurgy from Manchester University in 1962 and a M.Sc. in Industrial Metallurgy and Management Techniques from the University of Aston in Birmingham in 1970. He is a registered P.Eng. in Ontario and a Graduate of the Canadian Securities Course. Mr. Eacott is also a director of GGL Resources Corp. and Chairman of the audit committee.


About New Carolin Gold Corp.

New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of our strategic 144 sq. kms of contiguous mineral claims, collectively known as the Ladner Gold Project. The project is a short drive from Vancouver, British Columbia, in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous gold prospects.

For further Company and technical information, please visit the Company’s website at www.newcarolingold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

“Robert L. Thast”

Interim President & Chief Executive Officer

P: 778.294.3211

C: 604.220.5031

E: ceo@newcarolingold.com

W: www.newcarolingold.com

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 the accuracy of this press release. We seek Safe Harbor.

Not for distribution in the United States.

This news release may contain forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

 

SOURCE: New Carolin Gold Corp.

ReleaseID: 414797

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