NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or the "Company")
announces that effective May 17, 2013 the Board of Directors accepted Mr. Greg
Gibson's resignation as President and Chief Executive Officer and selected Mr.
Martin Shefsky as his replacement on an interim basis. 


As one of the founders of the Company Mr. Shefsky is uniquely qualified to
ensure a smooth transition of management and to maintain focus on the Company's
mission statement: "Northern Gold Mining is dedicated to gold exploration and
discovery within the proven mining districts of Northern Ontario and to
maximizing shareholder value through focused exploration, testing, and
development of high quality mineral targets with a goal of becoming an
efficient, low cost regional gold produce".


The Board of Directors would like to thank Mr. Gibson for his efforts and looks
forward to his continued cooperation, guidance and support as a member of the
Board.


Mr. Shefsky commented: "Northern Gold is in a favorable cash position. A formal
review of operations has resulted in a reduction in workforce and streamlining
of expenditures. In addition to the Company's flagship Garrison Property, which
hosts the Jonpol and Garrcon Deposits; the land package of over 55,000 acres
hosts several exciting opportunities including the Golden Pike, Buffonta and
Harker-Holloway Properties. Together they comprise the Golden Bear Project, a
regional land package spanning 40 Km that will be developed with a central mill
optimized for low cost recovery of the gold."


The Company will continue to investigate strategic opportunities, including
acquisitions and partnerships, and will act on those that will provide
significant value to shareholders. However, given the state of the financial
markets for junior exploration/mining companies Management and the Board of
Directors undertake spend prudently. The Board has rescinded its quarterly
stipend and Mr. Shefsky has agreed to serve in this interim capacity without
remuneration.


Mr. Shefsky and the Board of Directors would like to thank the shareholders for
their continued support and are committed to controlling costs while moving
forward in an aggressive manner to take advantage of the Company's premier
properties.


About Northern Gold 

Northern Gold is a TSXV-listed gold company based in Toronto, Ontario. The
Company's main focus is the exploration and development of its prospective
mineral properties of the Golden Bear Project in the Larder Lake Mining
Division, northeastern Ontario. Northern Gold has a portfolio of advanced
exploration projects, including the Jonpol and Garrcon Deposits and the Buffonta
Property. The recent property acquisitions including the Harker-Holloway
Property and amalgamation with Victory Gold Mines Inc. add to the Company's
regional consolidation strategy along the Destor-Porcupine Fault Zone. 


CAUTIONARY STATEMENT: This news release contains forward-looking information
which is not comprised of historical facts. Forward-looking information involves
risks, uncertainties and other factors that could cause actual events, results,
performance, prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Forward looking
information in this news release includes, but is not limited to, Northern
Gold's objectives, goals or future plans, statements regarding exploration
results and exploration plans. Factors that could cause actual results to differ
materially from such forward-looking information include, but are not limited
to, capital and operating costs varying significantly from estimates, the
preliminary nature of metallurgical test results, delays in obtaining or
failures to obtain required governmental, environmental or other project
approvals, uncertainties relating to the availability and costs of financing
needed in the future, changes in equity markets, inflation, fluctuations in
commodity prices, delays in the development of projects and the other risks
involved in the mineral exploration and development industry, and those risks
set out in Northern Gold's public documents filed on SEDAR. Although Northern
Gold believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of the date of
this news release, and no assurance can be given that such events will occur in
the disclosed time frames or at all. Northern Gold disclaims any intention or
obligation to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, other than as required by
law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Northern Gold Mining Inc.
Martin Shefsky
President & Chief Executive Officer
647.297.8793
mrshefsky@gmail.com
www.northerngold.ca

Grafico Azioni Northern Gold Mining Inc. (TSXV:NGM)
Storico
Da Giu 2024 a Lug 2024 Clicca qui per i Grafici di Northern Gold Mining Inc.
Grafico Azioni Northern Gold Mining Inc. (TSXV:NGM)
Storico
Da Lug 2023 a Lug 2024 Clicca qui per i Grafici di Northern Gold Mining Inc.