Corvus Gold Appoints Peggy Wu as Chief Financial Officer
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/31/11 -- Corvus Gold Inc. (TSX: KOR)(OTCQX: CORVF) ('Corvus' or the 'Company') is pleased to announce the appointment of Peggy Wu as the Company's new Chief Financial Officer, effective June 1, 2011. Ms. Wu succeeds former CFO Michael Kinley, CA, who will remain with the Company as a consultant through a transition period before leaving to pursue other opportunities.
Ms. Wu is a Chartered Accountant (2009) with strong working knowledge of International Financial Reporting Standards, Canadian and US Generally Accepted Accounting Principles and public company reporting requirements. She is currently the CFO for Indico Resources Inc. as well as the Financial Reporting Specialist for the Cardero Group of Companies, which include Balmoral Resources Ltd. and Abzu Gold Ltd. Previously, she served as the Senior Staff Accountant and Supervisor at Smythe Ratcliffe LLP, Chartered Accountants, from 2007 to 2010, where she oversaw all aspects of financial reporting for several publicly traded companies.
'Ms. Wu brings to Corvus exceptional resource industry financial skills which will be invaluable as we grow into a premier gold exploration and royalty company,' stated Jeff Pontius, Chief Executive Officer of Corvus. 'Peggy's strong financial analysis and exchange-related experience will be particularly important as the Company assesses its growing project portfolio and determines the best strategy to leverage its interests to increase shareholder value.'
The Company would like to take this opportunity to thank Mr. Kinley for his service and guidance throughout the successful spinout process from International Tower Hill Mines Ltd. last fall and positioning the Company on solid financial footing for its next stage of growth.
The Company has, pursuant to its 2010 Incentive Stock Option Plan, granted Ms. Wu incentive stock options to purchase 100,000 common shares in the capital stock of the Company. The options are exercisable on or before May 30, 2013 at a price of CAD 0.69 per share.
About Corvus Gold Inc.
Corvus Gold Inc. is a resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum of early-stage to advanced gold projects. Corvus is committed to building shareholder value through new discoveries and leveraging those discoveries via partner funded exploration work into carried and or royalty interests that provide shareholders with exposure to gold production.
On behalf of Corvus Gold Inc.
Jeffrey A. Pontius, Chairman and Chief Executive Officer
All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
Contacts:
Corvus Gold Inc.
Shirley Zhou
Manager - Corporate Communications
(604) 638-3247 or Toll Free: 1-888-770-7488
(604) 408-7499 (FAX)
szhou@corvusgold.com
www.corvusgold.com