|By Marketwired .||
|May 20, 2014 01:01 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/20/14 -- Minaurum Gold Inc. ("Minaurum") (TSX VENTURE: MGG) is pleased to announce that Mr. David J. Baker, CA has been appointed to the Board of Directors. Mr. Baker has over 20 years of management experience and was part of Ivanhoe Mines ("Ivanhoe") that successfully advanced the Oyu Tolgoi Copper and Gold deposit from exploration into production. Over a ten year period with Ivanhoe, he held a number of positions including Vice-President Treasurer, Manager Corporate Development and Manager Finance. As part of the management team at Ivanhoe and in co-operation with the Rio Tinto group, Mr. Baker's financial and technical experience was instrumental in advancing a $4 billion dollar debt facility with eight government and international banks, and the Government of Mongolia and separately securing over $1 billion dollars in equity financing to progress Ivanhoe projects.
Minaurum also announces that Mr. Richard Brissenden and Dr. Stephan Zimmermann are stepping down as Directors of Minaurum. Mr. Brissenden has agreed remain as an advisor to Minaurum.
Darrell Rader, President & CEO of Minaurum, stated, "David provides Minaurum with significant expertise in both managing and financing projects from discovery through to production. His skills directly complement our strong technical abilities. I am confident that David will be an outstanding addition to the Board of Directors. In addition, I would like to thank both Richard and Stephan for their contributions to the Board during their tenure with us. We wish them all the best in their future endeavors."
Minaurum Gold is a gold-copper explorer focused on its Vuelcos del Destino gold project in the Guerrero Gold Belt, Mexico and the Santa Marta copper VMS project in Oaxaca, Mexico. For more information, please visit our website at www.minaurum.com and our YouTube Minaurum Video Channel at (http://www.minaurum.com/s/VideoGallery.asp).
ON BEHALF OF THE BOARD
Darrell A. Rader, President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the settlement of debt, constitute forward-looking information. In making the forward-looking statements in this release, Minaurum has applied certain factors and assumptions that are based on Minaurum's current beliefs as well as assumptions made by and information currently available to Minaurum, including that the Minaurum is able to obtain any required regulatory approvals. Although Minaurum considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including delays in obtaining or failure to obtain required regulatory approvals. Readers are cautioned not to place undue reliance on forward-looking statements. Minaurum does not intend, and expressly 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 as required by law.
Minaurum Gold Inc.
Investor Relations Manager
(778) 330 0994