Batero Gold Announces Appointments to Advisory Board and Director Resignation
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/28/12 -- Batero Gold Corp. (TSX VENTURE: BAT)(FRANKFURT: 68B) ("the Company") is pleased to announce the appointment of Mr. Juan David Uribe and Mr. James Hutton to the Advisory Board of the Company, and the resignation of Mr. Hutton from the Board of Directors.
Mr. Uribe, born and residing in Colombia, is an accomplished lawyer with over 30 years of experience in the natural resource and finance sectors of Colombia. Mr. Hutton's business experience is specialized in financings in the Canadian mining and energy sectors. He joins the Advisory Board after resigning from the Board of Directors of the Company to pursue other opportunities.
"I would like to welcome both Mr. Uribe and Mr. Hutton to our Advisory Board. Mr. Uribe, an original shareholder and strong long-term supporter of the Company, will take on a more active role and provide to the Company extensive Colombian legal and business acumen," stated Brandon Rook, President and CEO of the Company. "I would also like to take this opportunity to thank Mr. Hutton for his significant contributions to the Company as a member of the Board of Directors over the last two years and look forward to continue working with him on the Advisory Board."
The Advisory Board of the Company has been created to provide additional strategic advice to management as the Company focuses on developing the most efficient and cost-effective leach processing circuit for the Cumbre gold deposit (one of three deposits) at its 100% owned Batero-Quinchia gold project in Colombia.
Mr. Juan David Uribe is a Colombian attorney and partner of a law firm that is specialized in the mining sector. He negotiates contracts and commercial transactions to support client's operations in Colombia, acts as legal counsel in mining law matters and contracts, and supports all foreign investment issues for clients. He has strong experience in international transactions, corporate law, banking law, merger and acquisition contracts and mining law.
ON BEHALF OF THE BOARD OF BATERO GOLD CORP.
Brandon Rook, President & CEO
FORWARD-LOOKING STATEMENTS: Certain of the statements and information in this press release constitute "forward-looking statements" or "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information.
Forward-looking statements or information relate to, among other things: developing the most efficient and cost-effective leach processing circuit for the Cumbre gold deposit, the timing and scope of expected diamond drilling; resource estimate, grades on the Batero-Quinchia project; scope of mineralization within the Batero-Quinchia project; timing of receipt of permits and regulatory approvals; the sufficiency of the Company's capital to finance the Company's operations; geological interpretations and potential mineral recovery processes.
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: fluctuations in the spot and forward price of gold or certain other commodities; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada, Colombia or other countries in which the Company may carry on business in the future; the uncertainties involved in interpreting geological data; business opportunities that may be presented to, or pursued by, the Company; operating or technical difficulties in connection with mining activities; the speculative nature of gold exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or grades of reserves; and contests over title to properties, particularly title to undeveloped properties. In addition, there are risks and hazards associated with the business of gold exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks).
This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company's Filing Statement dated as of June 22, 2010 under the heading "Risk Factors". Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.
Neither 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.
Contacts:
Batero Gold Corp.
604.568.6378
604.568.6834 (FAX)
info@baterogold.com
www.baterogold.com