TintinaGold Appoints New Director and Announces Board Member Resignations
Suite 1723 - 595 Burrard Street PO Box 49073 Vancouver, BC, Canada, V7X 1G4 Tel: (604) 628-1162 Fax: (604) 628-1163 Web: www.tintinagold.com Email: [email protected]
FOR IMMEDIATE RELEASE May 3, 2010
NEWS RELEASE
TintinaGold Appoints New Director and Announces Board Member Resignations
Vancouver, BC – May 3, 2010 – TintinaGold Resources Inc. ("TintinaGold" or the "Company") (TSX-V: TAU) is pleased to announce that it has appointed Ken Collison as a director of TintinaGold.
Mr. Collison holds a B.Sc. in Mining Engineering from the University of Saskatchewan and a Masters of Engineering in Mining from the University of Saskatchewan. Mr. Collison was the Chief Operating Officer of Blue Pearl Mining/Thompson Creek Metals from 2005 to 2009, prior to becoming the President of Collison Minecon Inc., a company providing consulting services to the mining industry. Mr. Collison was part of a three man team that purchased Thomson Creek Metals and built it into a one of North America’s premier molybdenum producers. Mr. Collison previously held the positions of Vice President at Crandon Mining Corporation, Rhinelander, Wisconsin (1994 – 1996) and Vice President/General Manager of Coeur Alaska (Alaskan subsidiary of Coeur d’Alene Mines) (1996 – 2000). He has extensive experience in operations as well as exploration, permitting and preparation of feasibility studies.
Rick Van Nieuwenhuyse, TintinaGold’s Chairman, comments: "We are very pleased to welcome Mr. Ken Collison to our Board. Ken’s knowledge, expertise and experience in the mining industry, together with his ability to identify, develop and capitalize on business opportunities, will further enhance the Company’s ability to build shareholder value."
The Company also announces that Mr. Carl Hering and Mr. Robert McLeod have each tendered their resignations as directors of the Company, effective immediately, in order to devote the time required to manage their other business commitments. However, Mr. Carl Hering has accepted an appointment to the Company’s Advisory Board, and Mr. McLeod and Mr. Hering have also agreed to continue as consultants of the Company.
In addition, Mr. Jerry Minni has tendered his resignation as the Company's Chief Financial Officer in order to devote the time required to manage his other business commitments. Mr. Wylie Hui, C.A. has been appointed the CFO of the Company, effective immediately, to fill the vacancy resulting from Mr. Minni's resignation.
"On behalf of the Board and the shareholders of the Company, I would like to thank Mr. Hering and Mr. McLeod for their dedication, commitment and significant contributions to TintinaGold over the years. The Company looks forward to their continued contributions in their new roles with the Company. I would also like to thank Mr. Minni for his contributions as the Company's CFO. We look forward to Mr. Minni's continued involvement as a director of the Company." said Mr. Raj Chowdhry, the Company's President & CEO.
The Company also announces that it has granted 200,000 stock options under the Company’s Stock Option Plan to Mr. Collison, subject to regulatory approval. The option, which vests over a period of two years, will be exercisable for a period of five years, at a price of $0.61 per share.
About TintinaGold
TintinaGold is a growth company focused on the exploration and development of precious and base metals properties around the world. The Company’s experienced management team has assembled an impressive portfolio of gold and base metal projects in Alaska, including the Colorado Creek gold project, located in southwest Alaska approximately 100 miles northwest of the 40 million ounce Donlin Creek project and the Kugruk copper project located 70 miles north of Nome in the northern Seward Peninsula, Alaska. The Company, in a short period of time, has successfully become one of the most significant gold and base metal explorers in the Tintina Gold Belt – one of the most exciting and prolific gold belts of the world.
ON BEHALF OF THE BOARD OF DIRECTORS
"RAJ I. CHOWDHRY"
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Raj Chowdhry, C.A.
President & CEO
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 accuracy of this release.