Northern Gold Announces Appointment of Nuno Brandolini to its Board of Directors
FOR IMMEDIATE RELEASE Northern Gold Announces Appointment of Nuno Brandolini to its Board of Directors
January 19, 2012 (TORONTO, ONTARIO) – Northern Gold Mining Inc. (TSXV: NGM)(“Northern Gold” or “the Company”) is pleased to welcome Mr. Nuno Brandolini to the Board of Directors, effective January 16, 2012, bringing the total number of directors to six.
Mr. Brandolini is a general partner of Scorpion Capital Partners, L.P., a private equity firm based in New York, New York and organized as a small business investment company (SBIC). Prior to forming Scorpion Capital and its predecessor firm, Scorpion Holdings, Inc., Mr. Brandolini served as Managing Director of Rosecliff, Inc., a leveraged buyout fund co‐founded by Mr. Brandolini in 1993. Prior to 1993, Mr. Brandolini was a Vice‐President in the investment banking department of Salomon Brothers, Inc., and a Principal with the Batheus Group and Logic Capital, two venture capital firms. Mr. Brandolini began his career as an investment banker with Lazard Freres & Co.
Mr. Brandolini was awarded a law degree by the University of Paris and received an M.B.A. from The Wharton School of the University of Pennsylvania. He currently serves as a director of Cheniere Energy, Inc. (LNG, AMEX), an energy company focused on liquefying natural gas.
In making this announcement, Lieutenant-General J. C. “Jim” Gervais, CMM, CD (ret’d), Chairman of Northern Gold, stated “We are very pleased to welcome Nuno to the board, and we look forward to his contributions to our company’s strategic growth as we prepare to take Northern Gold to the next level.” President and CEO Martin Shefsky also commented "This is an important and exciting time for Northern Gold and we are delighted that Nuno has agreed to join our board. We believe that Nuno’s highly‐focused international business and financial expertise and extensive experience working with small and medium sized companies will be significant assets as the Company pursues the development of its Garrison Gold Project.”
About Northern Gold Mining: Northern Gold Mining Inc. is a TSX‐V listed, publicly traded junior resource company based in Toronto, Ontario, dedicated to the discovery and development of high value mineral deposits in the proven mining camps of Kirkland Lake and Timmins in North Eastern Ontario. Northern Gold is focused on developing two advanced stage gold deposits on its 100% owned Garrison Gold Property. In addition to the advanced stage Jonpol and Garrcon Gold Deposits, both of which have NI 43‐101 compliant mineral resource estimates presented in independent NI 43‐101 Technical Reports posted to SEDAR (October 21, 2009, October 23, 2010 and August 8, 2011), the property hosts several other gold mineralized showings including the less advanced 903 gold mineralized area. A Preliminary Economic Assessment is included in the 43‐101 Technical Report posted to SEDAR August 8, 2011. The Garrison Gold Property has historical mining infrastructure at both the Jonpol and Garrcon Deposits, and currently producing mines are located near the property.
For further information on Northern Gold Mining Inc., please contact:
Martha Digby Cell: 416.455.7670 Tel: 416.366.7300 Fax: 416.366.7301 Email: [email protected] Web site: www.northerngold.ca
CAUTIONARY STATEMENT: 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. This News Release includes certain "forwardlooking statements.” These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forwardlooking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forwardlooking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forwardlooking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forwardlooking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forwardlooking statements. The Company does not undertake to update any forwardlooking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.