November 12, 2015
VANCOUVER, B.C. – Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) wishes to announce that Mr. Robert Pease, a current director of the Company has been appointed interim President and Chief Executive Officer.
Mr. Pease has accepted the interim mandate while the Board of Directors initiates a recruitment process with the objective of selecting a new full-time CEO with deep industry experience. Mr. Pease will work with and guide the existing management team in advancing the current portfolio and evaluating new opportunities in the market today. Mr. Pease is supported by a strong team of technical and capital market professionals that will continue to apply industry leading expertise and business savvy on behalf of shareholders.
Mark O’Dea, Chairman of Pilot Gold commented, “On behalf of the Board, I would like to express our gratitude to Mr. Matt Lennox-King for his years of service to Pilot Gold. Matt assumed the role of President & CEO upon the spinout of Pilot Gold, from the Fronteer – Newmont transaction in 2011. We wish Matt all the best in his future endeavours.”
Mr. Pease is the former President, CEO and Director for Sabina Gold & Silver Corp. and previously the founder, President, CEO and Director of Terrane Metals Corp. which was acquired in 2010 by Thompson Creek Metals Company. He was also formerly a Director and Strategic Advisor for Richfield Ventures, which was acquired by New Gold Inc. in 2011. Mr. Pease is also currently a Director of Red Eagle Mining, Pure Gold, Luna Gold and Endurance Gold.
Additionally, Mr. Pease was employed by Placer Dome for 25 years. Mr. Pease holds a B.Sc. in Earth Sciences from the University of Waterloo, is a Professional Geologist (British Columbia) and a Fellow of the Geological Association of Canada. He is a Past-Chairman of the Association for Mineral Exploration British Columbia, and in 2010 was named "BC Mining Person of the year" by the Mining Association of BC.
ABOUT PILOT GOLD
Pilot Gold is led by a proven technical team that continues to discover and define high-quality projects featuring strong grades, meaningful size and mining-friendly addresses. Our three key assets include interests in the Kinsley project in Nevada and the TV Tower and Halilaga projects in Turkey, each of which has the ability to become a foundational asset. We also have a pipeline of projects characterized by large land positions and district-wide potential that can meet our growth needs for years to come.
For more information, visit www.pilotgold.com or contact:
Patrick Reid, VP, Corporate Affairs
Phone: 604-632-4677 or Toll Free 1-877-632-4677
Except for statements of historical fact relating to Pilot Gold Inc., certain information contained herein constitutes "forward-looking statements". Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as "expects", "anticipates", "plans", "believes", "considers", "intends", "targets", or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could". The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Pilot Gold Inc.'s public filings, which may be accessed at www.sedar.com. Other than as specifically required by law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events, results or otherwise.