VANCOUVER, BC--(March 20, 2015) - Integra Gold Corp. (ICG:CA) ($ICGQF) ("Integra" or the "Company") announces the appointment of Ms. Petra Decher, CPA, CA, to the Board of Directors and Mr. Jacques Simoneau, P.Geo., as Exploration Manager.
"The Board is pleased to welcome Ms. Decher and Mr. Simoneau to the Integra team. They both bring a wealth of knowledge and experience to the Company and will be integral to the future growth and development of the Lamaque project," noted George Salamis, Chairman of Integra. "The recent additions of Charles Oliver, and now Petra Decher, to the Board of Directors demonstrate our ongoing commitment to building a team with the breadth and depth to continue to advance the Lamaque project. It is a testament to both the quality of the project and the existing management team that Integra is able to continue and attract such top-notch talent."
Ms. Decher, a fluent French speaker, is an experienced finance executive with over twelve years in the mining industry. She has a deep understanding of public reporting, corporate governance, and investor relations. Ms. Decher is currently the Vice President, Finance and Assistant Secretary for Franco-Nevada Corporation. Prior to Franco-Nevada, Ms. Decher was President and Chief Financial Officer for Geoinformatics Exploration Inc., an exploration company focused on projects in British Columbia, Nevada, Mexico and Australia. Petra is a Chartered Accountant and Québec native. She completed her Bachelor of Commerce degree at Concordia University, her Diploma in Accounting at McGill University and articled at Richter Usher Vineberg (now Richter) in Montréal, Québec.
Mr. Simoneau is a senior level exploration geologist with extensive experience working with major gold companies identifying and evaluating precious metals opportunities. Mr. Simoneau has been actively involved in and led the design, implementation and management of exploration projects and feasibility studies in various geological environments in Canada and internationally. As Exploration Manager for Goldcorp, he led the exploration team at the Eleonore Project through a positive feasibility study and construction decision. Under his leadership the Eleonore Project's resource grew to over 7 million ounces of gold and transitioned from exploration and development to operations. Mr. Simoneau also held the position of Principal Geologist for Barrick Gold, and was responsible for the identification and evaluation of exploration projects for potential acquisitions. Prior to his work with Goldcorp and Barrick, Jacques spent 18 years with Placer Dome where he held various senior positions, including Project Manager for early to advanced stage exploration projects in North America, West Africa, and Southern Africa. Mr. Simoneau is a P.Geo., graduating from the Université de Montréal and a member in good standing of the Ordre des Géologues du Québec.
The Board received the resignation of Mr. Yuhuan Ge as a director of the Company. Mr. Ge has been a valuable member of the Board since 2010. The Board of Directors would like to thank Mr. Ge for his valuable contributions during his time as a director and wish him the best in future endeavors.
Integra also announces that pursuant to its stock option plan, 620,000 incentive stock options exercisable at $0.30 per share for a period of seven years have been granted to directors, officers and employees of the Company.
Subject to approval of the restricted share unit plan (the "RSU Plan") by the TSXV and ratification by disinterested shareholders at the 2015 Annual General Meeting of shareholders, 250,000 restricted share units ("RSU") have also been granted to a director of the Company.
Project and Company Profile
Integra's Lamaque South Gold Project and Sigma-Lamaque Mill and Mine Complex are located directly east from the city of Val-d'Or along the prolific Abitibi Greenstone belt in the Province of Québec, Canada, approximately 550 km northwest of Montréal. Québec is rated one of the best mining jurisdictions in the world. Infrastructure, human resources and mining expertise are readily available.
The Company's primary focus is on production planning for its high-grade Lamaque South project. The Lamaque South property is divided into three clusters, the North, South and West cluster. The primary targets are the high-grade Parallel Zone in the North Cluster and the Triangle Zone in the South Cluster. The acquired Sigma Mill, located 1 kilometer from the Parallel Zone and 3 kilometers from the Triangle Zone, is a fully-permitted, 2,200 ton per day mill and tailings facility. The Sigma-Lamaque Mill and Mine Complex include the historic Sigma and Lamaque Mines which operated for 75 and 52 years respectively and produced more than 9 million ounces of gold in total.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephen de Jong
CEO & President
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Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this release constitute forward-looking statements, including the results and timing of further exploration work on the property, the results and timing of further development studies, regulatory approvals, and other matters relating to the potential development of the Lamaque Project. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including availability of financial resources, that the Company is able to obtain any government or other regulatory approvals required to complete the planned exploration activities, that the Company is able to procure personnel, equipment and supplies required for its exploration activities in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, that actual results of the Company's exploration activities will be different than those expected by management and that the Company will be unable to obtain or will experience delays in obtaining any required government approvals or be unable to procure required equipment and supplies in sufficient quantities and on a timely basis and other matters described in the Company's most recently completed MD&A. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
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