SURREY, British Columbia, May 5, 2015 - Desert Gold Ventures Inc. (TSX-V: DAU) (the "Company" or "Desert Gold") held its annual general and special meeting of shareholders (“AGSM”) on May 4, 2015 at the Company's head office in Surrey, British Columbia. At the meeting, shareholders voted in favour of motions electing three of the nominee's for directorship: Sonny Janda, Jared Scharf and Ayub Khan. Mr. Bruce Thorndycraft was nominated from the floor and elected as a fourth director by the shareholders.
Mr. Thorndycraft has over 40 years of experience as a Chemical and Metallurgical Engineer in the analysis, identification and development of processing and production engineering solutions for metals. He has worked as a consultant for projects in North America, South America, Asia, Australia and New Zealand. Mr. Thorndycraft has held a number of executive positions including Chief Operations Officer for the Mina Lluvia de Oro Gold Mine in Mexico and Vice President of Operations for United States based Atlanta Gold Inc.
The firm of Dale Matheson Carr-Hilton & LaBonte, Chartered Accountants, was appointed as the Company's auditor.
Shareholders voted in favour of re-pricing the management stock options at $0.10 each.
Immediately following the AGSM, the board of directors appointed the following officers: Ayub Khan, as President and CEO and Jared Scharf as CFO. Also, at that time Mr. van Kerckhoven resigned from his position as President and CEO of the Company. The Company would like to thank Mr. van Kerckhoven for his hard work and dedication during his tenure as President and CEO of Desert Gold. The Company would also like to thank Mr. Theo Christodolou for his time and valuable effort as director and wish them both well in their future endeavours.
Desert Gold’s new CEO, Ayub Khan, remarked “We thank our shareholders for the vote of confidence at the meeting. We are very excited to bring a highly respected and experienced metallurgical engineer, Bruce Thorndycraft, onto the board of directors. His appointment brings valued technical experience to the board. Our focus is to further develop our mining assets into a production scenario whilst continuing targeted exploration on our most valued areas.”
ON BEHALF OF THE BOARD
“Ayub Khan”
________________________________________
Ayub Khan,
Chief Executive Officer
Desert Gold Ventures Inc.
+1 (604) 592 6881
For further information please visit our website www.desertgold.ca or information available on www.SEDAR.com under the company’s profile.
Certain statements contained in this release may constitute "forward–looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
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