Midway Gold Announces CEO Transition
Midway Gold Corp. (TSX.V and NYSE MKT: MDW) (the 'Company?) announces
that Mr. Daniel E. Wolfus has resigned as the Company′s Chairman of the
Board and Chief Executive Officer, effective immediately due to health
reasons. Mr. Wolfus will continue to be a Director of the Company. The
Company′s Board of Directors unanimously appointed Mr. Kenneth A. Brunk
as Chairman and CEO in addition to his present office of President.
Midway′s Board of Directors and Management thank Dan for his significant
contributions as Chairman and CEO especially during critical times in
the Company′s development. Through his leadership and guidance, the
Company has transformed its position, advanced its projects and
graduated to the development stage on the strength of the Pan
Feasibility Study in late 2011. Mr. Wolfus was instrumental in the
hiring of key operational management, strengthening the Board, and
financing and promoting the Company during his tenure.
ON BEHALF OF THE BOARD
'Kenneth A.
Brunk'
Kenneth A. Brunk, Chairman, President and CEO
About Midway Gold Corp.
Midway Gold Corp. is a precious metals company with a vision to explore,
design, build and operate gold mines in a manner accountable to all
stakeholders while producing an acceptable return to its shareholders.
For more information about Midway, please visit our website at www.midwaygold.com
or contact R.J. Smith, Vice President of Administration, at (877)
475-3642 (toll-free).
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.
This press release contains forward-looking statements about the
Company and its business. Forward looking statements are statements that
are not historical facts and include, but are not limited to, statements
about the Company's intended work plans and resource estimates and
potential offering of common shares of the Company from time to time.
The forward-looking statements in this press release are subject to
various risks, uncertainties and other factors that could cause the
Company's actual results or achievements to differ materially from those
expressed in or implied by forward looking statements. These risks,
uncertainties and other factors include, without limitation, risks
related to the timing and completion of the Company's intended work
plans, risks related to fluctuations in gold prices; uncertainties
related to raising sufficient financing to fund the planned work in a
timely manner and on acceptable terms; changes in planned work resulting
from weather, logistical, technical or other factors; the possibility
that results of work will not fulfill expectations and realize the
perceived potential of the Company's properties; uncertainties involved
in the interpretation of drilling results and other tests and the
estimation of gold resources and reserves; the possibility that required
permits may not be obtained on a timely manner or at all; the
possibility that capital and operating costs may be higher than
currently estimated and may preclude commercial development or render
operations uneconomic; the possibility that the estimated recovery rates
may not be achieved; risk of accidents, equipment breakdowns and labor
disputes or other unanticipated difficulties or interruptions; the
possibility of cost overruns or unanticipated expenses in the work
program; and other factors identified in the Company's SEC filings and
its filings with Canadian securities regulatory authorities.
Forward-looking statements are based on the beliefs, opinions and
expectations of the Company's management at the time they are made, and
other than as required by applicable securities laws, the Company does
not assume any obligation to update its forward-looking statements if
those beliefs, opinions or expectations, or other circumstances, should
change.
Midway Gold Corp.
R.J. Smith, (877) 475-3642
Vice
President of Administration