Vangold Resources Ltd.: James Passin Resigns
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/21/11 -- Vangold Resources Ltd. (TSX VENTURE: VAN)(FRANKFURT: VAQ) ('Vangold' or the 'Company') announces that Mr. James Passin has tendered his resignation as a director of the Company to focus his efforts on Vanoil Energy Ltd. (TSX VENTURE: VEL) ('Vanoil'), the oil and gas company which was spun out of Vangold. The Board of the Company wishes to thank Mr. Passin for his years of service, and wishes him the best in his future endeavours.
Dal Brynelsen, President of Vangold commented, 'I would like to thank James Passin for his great contributions to Vangold over his term as Director. These achievements include the creation of IBC Advanced Alloys and Vanoil Energy Ltd. I believe James will bring fresh energy and direction to Vanoil and this will allow me to focus all my attention on Vangold. I wish him all the best in this new endevour.'
About Vangold Resources Ltd. In Papua New Guinea, Vangold has three advanced gold properties, the Mt. Penck, Fergusson and Allemata properties. The properties are located along the 'Pacific Rim of Fire', the active circum-Pacific volcanic belt that is host to large copper-gold porphyry systems (Grasberg, Ok Tedi, Panguna and Frieda River) and to a number of world class epithermal gold deposits, including the multi-million ounce deposits at Barrick's Porgera and Newcrest Mining's Lihir gold mines. Headquartered in Vancouver, Canada, Vangold holds a diversified portfolio of mineral projects in North America, Papua New Guinea and Uganda, as well as oil and gas concessions in Armenia. In addition, Vangold holds a significant stake in Coppermoly Limited, an Australian listed security (ASX: COY). Vangold's shares are listed on the Toronto Venture Stock Exchange under the symbol VAN and on the Frankfurt Stock Exchange under the symbol VAQ.
To find out more about Vangold please visit our website at www.vangold.ca.
On Behalf of the Board of VANGOLD RESOURCES LTD.
Dal Brynelsen, President and CEO
Disclaimer for Forward-Looking Information
The information contained herein has been obtained from the above featured company as well as the other publicly available sources and is believed to be accurate. Although reasonable efforts have been made to compile this data with care, neither Vangold, its employees, officers or directors guarantees the accuracy or completeness thereof, nor shall any of them be liable to the user or to any other person, firm or corporation whatsoever for any inaccuracies, errors or omissions contained herein nor for any damages arising there from or occasioned thereby.
Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.
Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties.
There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.
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.
Contacts:
Vangold Resources Ltd.
Dal Brynelsen
President and CEO
604-684-1974
brynelsen@vangold.ca
www.vangold.ca
