Val-d’Or, Québec, Canada – June 1, 2011 –Threegold Resources Inc. (“Threegold” or the “Company”) (THG: TSX Venture exchange) is pleased to announce the appointment of Andre Le Bel as a member of the board following the annual general meeting held on May 31, 2011. The shareholders approved all motions put forth at the meeting and ratified the Stock Option Plan. The incumbent directors of Threegold, Messrs. Victor Goncalves , Antoine Fournier, Octavio Soares and Richard Tanguay were reelected for the coming year.
Mr. Le Bel is the Vice-President Legal Affairs and Corporate Secretary of Osisko Mining Corporation since November 2007. From 1997 to November 2006 he held the position of Senior Legal Counsel for Cambior Inc. and he was promoted to Vice-President Legal Affairs of IAMGOLD Corporation following the acquisition of Cambior by IAMGOLD in November 2006. Mr. Le Bel is also a director of RedQuest Capital Corp., a capital pool company.
President and CEO of Threegold Victor Goncalves remarked: “Mr. Le Bel is a welcomed addition, we are excited about the experience and depth Mr le Bel will add to the current board and company”.
The company also wishes to announce that in accordance with its stock option plan 1,700,000 options priced at $0.29 have been granted to directors, consultants and employees of the company. The options have been granted in accordance with the terms of the Company's 10% rolling Stock Option Plan and the Policies of the TSX Venture Exchange.
Threegold has established itself as one of the premier exploration companies in Quebec. The Company consists of a highly qualified technical team with extensive Quebec-based exploration experience including previous gold discoveries and expertise in geology, financing and public company management.
Threegold’s focus is to create shareholder wealth through the discovery of new gold deposits with a 100% focus in Canadian assets mainly Quebec. As an emerging mineral exploration company, investors have the opportunity to participate in a Portfolio of high quality exploration projects and in turn the potential to take part in a major gold discovery.
With a strategic property portfolio and a solid partnership with Osisko, Threegold’s goal is to discover a low cost producing, multi-million ounce gold deposit in Quebec.
For further information, please contact:
Mr. Victor Goncalves
Mr. Sylvain Laberge
Mr. Antoine Fournier, P. Geo.
You can also visit our website: www.threegold.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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