U.S. Forest Service Selects AECOM to Evaluate Midas Gold’s Proposed Stibnite Gold Project Midas Gold Complements its Project Leadership Team with Recent Appointments
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NEWS RELEASE
April 18, 2017
#2017-07
U.S. Forest Service Selects AECOM to Evaluate Midas Gold’s Proposed Stibnite Gold Project
Midas Gold Complements its Project Leadership Team with Recent Appointments
VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today announced that the
United States Forest Service (“U .S. Forest Service”) has selected AECOM to assist the agency in evaluating
Midas Gold’s proposed Stibnite Gold Project. In addition, Midas Gold announced its recent appointments of
Alan Haslam as Director of Permitting and Mckinsey Lyon as Director of Public Affairs, complementing its
leadership team with additional permitting and public relations expertise.
“The selection of AECOM as contractor to the U .S. Forest Service and recent senior management
appointments represent continuing progress in the advancement of the Stibnite Gold Project following the
filing of Midas Gold’s Plan of Restoration and Operations,” sa id Stephen Quin, President & CEO of Midas Gold
Corp. “Our expanded management team looks forward to working with AECOM in advancing the review of the
project, which envisions restoration of a brownfields site in conjunction with the redevelopment of a mod ern
mining operation that is protective of the environment and provides economic and employment benefits to
Valley County, Idaho and the United States of America.”
About AECOM
AECOM, a fully integrated global infrastructure firm with staff in Boise and McCall , Idaho , will work directly
under the supervision of the U.S. Forest Service to assist with the regulatory review process for the Stibnite
Gold Project. This partnership, as outlined in a Memorandum of Agreement (“MOA”) between the U.S. Forest
Service and Midas Gold Idaho, Inc ., is intended to lower the cost of the review process to the public and
ensure an efficient and timely review. AECOM was chosen by the U.S. Forest Service after reviewing proposals
from several qualified candidates.
“Midas Gold is pleased that the U .S. Forest Service selected a partner with world-class expertise, broad
experience and the robust capabilities to assist with the Stibnite Gold Project review so that it is undertaken in
a comprehensive, thorough and timely manner , and incorporates community and stakeholder input,” said
Laurel Sayer, President & CEO of Midas Gold Idaho, Inc . “ We are encouraged by the experience, innovative
approach, and qualifications AECOM brings to the table.”
AECOM brings an Idaho-led team of experts in the National Environmental Policy Act (“ NEPA”) process and
specialists who are experienced in stream restoration, fisheries, biological, physical and social resources. The
AECOM team also includes Watson Environmental, Ecosystem Sciences, and ERM as subcontractors for various
specialized aspects of the review process for the project.
As a contractor to the U.S. Forest Service, AECOM will assist the agency in the technical review of the Stibnite
Gold Project and will aid the U.S. Forest Service so that NEPA procedures and reviews are adhered to and the
process is timely and transparent . With AECOM on board as its contractor, the U .S. Forest Service will
commence preparing the Environmental Impact Statement ( “EIS”) for the Stibnite Gold Project, which is a
requirement under NEPA . The next step is for the U .S. Forest Service to publish a Notice of Intent in the
Federal Register, signaling the agency’s intent to prepare the EIS and initiating a 30-day scoping period.
Additions to Midas Gold Leadership Team
Alan Haslam joined Midas Gold Idaho, Inc. as Director of Permitting and is leading the permitting effort for the
Stibnite Gold Project. Mr. Haslam was previously Director of Mining for Agrium U.S. Inc. where he permitted
several operations, including the open pit Rasmussen Valley Mine, which received a final Record of Decision in
January 2017. Mr. Haslam has more than 28 years of regulatory, permitting and operational experience with
mines and projects in the US and Canada.
Mckinsey Lyon joined Midas Gold Idaho, Inc. as Director of Public Affairs . Ms. Lyon, most recently a partner at
Gallatin Public Affairs, brings with her significant experience in building public support for mining and other
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large-scale projects in Idaho . Through Gallatin, Ms. Lyon has been involved with Midas Gold and the Stibnite
Gold Project for the past five years, assisting with developing community and government relations.
“Achieving the timeline announced by the U .S. Forest Service for the Stibnite Gold Project requires a dedicated
team focused on ensuring that a detailed and comprehensive review is completed in a timely manner ,” said
Stephen Quin, President & CEO of Midas Gold Corp. “Mr. Haslam brings proven ability to navigate the federal
and Idaho regulatory processes, while Ms. Lyon brings a deep understanding of Idaho politics, extensive
experience in community engagement , and a record of success on similar project s. These additions
complement our already experienced and knowledgeable leadership team at Midas Gold that has been
successfully advancing the project over the past several years.”
Stibnite Gold Project Background
In September of 2016, Midas Gold Idaho, Inc . submitted its Plan of Reclamation and Operations ( “PRO”) for
the restoration, re -development and operation of the Stibnite Gold Project in Valley County, Idaho. The PRO
was deemed administratively complete by the U.S. Forest Service in December 2016.
A detailed presentation on the PRO can be found at www.midasgoldcorp.com. Details of previous news
releases and technical studies can be found filed under Midas Gold’s profile on SEDAR ( www.sedar.com) or at
www.midasgoldcorp.com.
For further information about Midas Gold Corp., please contact:
Liz Monger -- Manager, Investor Relations
(t): 778.724.4704
(e): [email protected]
Facebook: www.facebook.com/midasgoldidaho
Twitter: @MidasIdaho
www.midasgoldcorp.com
About Midas Gold and the Stibnite Gold Project
Midas Gold Corp., through its wholly owned subsidiaries are focused on the exploration and, if warranted, site
restoration and development of gold-antimony-silver deposits in the Stibnite -Yellow Pine district of central
Idaho that are encompassed by its Stibnite Gold Project.
Forward-Looking Information
Statements contained in this news release that are not historical facts are "forward -looking information" or
"forward-looking statements" (collectively, "Forward -Looking Information") within the meaning of applicable
Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward
Looking Information includes, but is not limited to, disclosure regarding possible events, next steps and courses
of action including actions to be taken by the U .S. Forest Service, the State of Idaho and other government
agencies and regulatory bodies. In certain cases, Forward -Looking Information can be identified by the use of
words and phrases such as "plans", "expects" or "does not expect", "is expected", “estima tes", “forecasts",
"intends", "anticipates", "potential", "confirm" or "does not anticipate", "believes", "contemplates",
"recommends" or variations of such words and phrases or statements that certain actions, events or results
"may", "could", "would", "m ight" "be achieved". In preparing the Forward -Looking Information in this news
release, Midas Gold has applied several material assumptions, including, but not limited to, assumptions that
the current objectives concerning the Stibnite Gold Project can be achieved and that its other corporate
activities will proceed as expected; that general business and economic conditions will not change in a
materially adverse manner; that the formal review process under the NEPA (including a joint review process
involving the U .S. Forest Services, the State of Idaho and other agencies and regulatory bodies) as well as the
public comment period, scoping process and EIS will proceed in a timely manner and as expected; and that all
requisite information will be available i n a timely manner. Forward -Looking Information involves known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of Midas Gold to be materially different from any future results, performance o r achievements
expressed or implied by the Forward -Looking Information. Such risks and other factors include, among others,
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changes in laws and regulations and changes in the application of standards pursuant to existing laws and
regulations which may resu lt in unforeseen results in the review process under the NEPA; uncertainty
surrounding input to be received pursuant to the scoping process including but not limited to the public
comment period; risks related to dependence on key personnel; risks related to unforeseen delays in the review
process including availability of personnel from the US Forest Services, State of Idaho and other agencies and
regulatory bodies; as well as those factors discussed in Midas Gold's public disclosure record. Although Midas
Gold has attempted to identify important factors that could affect Midas Gold and may cause actual actions,
events or results to differ materially from those described in Forward -Looking Information, there may be other
factors that cause actions, events o r results not to be as anticipated, estimated or intended. There can be no
assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordin gly, readers should not place undue
reliance on Forward -Looking Information. Except as required by law, Midas Gold does not assume any
obligation to release publicly any revisions to Forward -Looking Information contained in this news release to
reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.