Corvus Gold Inc. announces the addition of Mr. Carl Brechtel as the Company’s new Manager of Project Development. Mr. Brechtel has over 35 years of mining industry experience and specializes in the design and development of both open pit and underground projects.
Mr. Brechtel’s recent experience includes serving as President and Chief Operating Officer for International Tower Hill Mines Ltd., and Prefeasibility Manager for AngloGold Ashanti. With the Terra Project in Alaska anticipated to begin initial pilot scale gold production next year and the ongoing work at the Company’s large new bulk tonnage gold discovery at North Bullfrog in Nevada, Mr. Brechtel will be instrumental in the rapid advancement and development of these projects.
Jeff Pontius, Chief Executive Officer of Corvus, stated, With the current strong gold price, and our projects’ location in favourable mining jurisdictions, Corvus is uniquely positioned to capitalize on those of its projects which offer near-term production potential. The addition of Mr. Brechtel to our team will allow the Company to effectively and efficiently move these projects forward to add significant shareholder value. Corvus is very fortunate to attract an individual with such a valuable skill set as Carl Brechtel to help in guiding the development portfolio of our rapidly expanding Company.
Grant of Stock Options
Pursuant to its 2010 Incentive Stock Option Plan, Corvus Gold has granted incentive stock options to directors, management and consultants of the Company to purchase up to an aggregate of 210,000 common shares in the capital stock of the Company. The options are exercisable on or before November 16, 2016 at a price of $0.67 per share. The options are subject to vesting provisions, with 70,000 vesting on grant, 70,000 on November 16, 2012 and 70,000 on November 16, 2013.
About Corvus Gold Inc.
Corvus Gold Inc. is a resource exploration company focused in Alaska and Nevada which controls a number of exploration projects representing a spectrum of early-stage to advanced gold projects. Corvus is committed to building shareholder value through new discoveries and leveraging those discoveries via partner funded exploration work into carried and or royalty interests that provide shareholders with significant exposure to gold production.
On behalf of
Corvus Gold Inc.
(signed) Jeffrey A. Pontius
Jeffrey A. Pontius,
Chief Executive Officer
Ryan Ko, Investor Relations
Phone: 1-888-770-7488 (toll free) or (604) 638-3246 / Fax: (604) 408-7499