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Vangold Announces Change to Board and Senior Management. John Robins, Michael Cooney and Bruce Counts Appointed
Published : November 26, 2012
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2012) - Vangold Resources Ltd. ("Vangold" or the "Company") (News - Market indicators)(FRANKFURT:VR2) is pleased to announce that John Robins has been appointed as Chairman of the Board and Bruce Counts has been appointed as President and a member of the Board. In addition, Michael Cooney has been appointed to the Board.

In conjunction with these appointments the Company has agreed to complete a private placement of 3,525,000 units of the Company at $0.115 per unit. Each unit consists of a share and one half of a one-year share purchase warrant entitling the holder to purchase an additional share at $0.25 per share.

Vangold has a 95% interest in three highly prospective gold properties in Papua New Guinea: Allemata, Fergusson, and Mt. Penck. The presence of gold has been drill confirmed on each of the projects and planning for the 2013 drill programs are underway.

Dal Brynelsen, who remains as Chief Executive Officer, stated, "I am absolutely delighted to have gentlemen of this calibre, experience, and expertise assume senior positions with the Company. We are looking forward to continuing with exploration and development of Vangold's gold projects in Papua New Guinea. I am confident that Bruce's past experience with the culture and customs of Papua New Guinea, along with the technical and management expertise of both John and Bruce, will be a true game-changer for the Company."

"I am pleased to join Vangold's management team," commented Bruce Counts. "The Projects assembled in the Company's portfolio are exciting and I am eager to contribute to their advancement."

John Robins

Mr. Robins is a Professional Geologist based in Vancouver, BC, with over 25 years of experience as an independent mineral explorer and entrepreneur. A 1984 graduate of the University of British Columbia with a Bachelor of Science in Geology, Mr. Robins initially worked as a self-employed prospector and geologist in BC and Northern Canada. In 1988, he founded Hunter Exploration Group, one of Canada's most successful private exploration companies. Mr. Robins has also been active in starting several successful public exploration and development companies culminating in 2011 when he founded the Aurora Mineral Resource Group. His experience in everything from grass roots exploration to production is complemented by his success in the capital markets and financing activities. Mr. Robins sits on the Boards of several successful publicly traded exploration companies including Kaminak Gold Corporation, Kivalliq.

Bruce Counts

Bruce Counts has been involved in the mineral exploration industry for more than 25 years. Between 1992 and 1997 he was employed by BHP Minerals Canada Ltd. and was an integral member of the team responsible for the discovery and development of the Ekati Diamond Mine™. In 1997 Bruce joined Dia Met Minerals Ltd. and was senior consultant on their international portfolio of projects until the sale of the company in 2001. Following this, Bruce consulted to junior exploration companies until 2004, when he became President and CEO of Bluestone Resources Inc. Bruce is also founder and Director of West Melville Metals Inc. Bruce holds a degree in Geological Engineering from the University of British Columbia and is a Professional Geophysicist.

In addition to his experience in mineral exploration, Bruce also has a unique background in Papua New Guinea having lived and spent significant amounts of time in there over a 35 year period while his parents conducted anthropological research. As such he is very familiar with all aspects of Papua New Guinea life, culture, customs and government and retains a number of active contacts in that country.

Michael Cooney

Mr. Cooney has been Chairman of NEMI Northern Energy & Mining Inc. since March 2009 after successfully leading a proxy contest at NEMI's 2009 Annual General Meeting and CEO since May 2010. Prior to that, he was a private investor who worked for 15 years as an independent market maker on both the Pacific Options Exchange in San Francisco and the Chicago Board Options Exchange. He holds a BSc in Mechanical Engineering from University of Michigan and a BA in Physics from Kalamazoo College in Michigan.

In order to accommodate the new appointments, Michael Mackey has resigned as a director but will remain as a consultant to the Board. We thank him tremendously for his many years of service. Douglas Hutchison P.Geo has resigned from the Board of Vangold. Doug will become a director and officer of the wholly owned operating subsidiary in Papua New Guinea, Vangold (PNG) Ltd. He will remain as an active member of the team advancing the company's projects in Papua New Guinea.

On Behalf of the Board of VANGOLD RESOURCES LTD.

Dal Brynelsen, CEO

Disclaimer for Forward-Looking Information

Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.

Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties.

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking 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.

Vangold Resources Ltd.
Dal Brynelsen
CEO
604-684-1974
604-685-5970 (FAX)
www.vangold.ca
Data and Statistics for these countries : Canada | Guinea | New Guinea | Papua New Guinea | All
Gold and Silver Prices for these countries : Canada | Guinea | New Guinea | Papua New Guinea | All

Valgold Resources ltd.

EXPLORATION STAGE
CODE : VAL.V
ISIN : CA9191472070
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Valgold Res. is an exploration gold company based in Canada.

Valgold Res. holds various exploration projects in Canada.

Its main exploration properties are TOWER MOUNTAIN, GARRISON and GARRISON - JONPOL / MONETA in Canada.

Valgold Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.3 millions as of today (US$ 1.1 millions, € 919 059).

Its stock quote reached its highest recent level on June 06, 1997 at CA$ 9.50, and its lowest recent point on March 04, 2016 at CA$ 0.01.

Valgold Res. has 38 250 000 shares outstanding.

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Financings of Valgold Resources ltd.
5/4/2011Completes Non-Brokered Private Placement Financing
4/28/2011Announces Increase in Non-Brokered Financing
4/13/2011Reports $1.8 Million Non-Brokered Financing
11/9/2010Announces Non-Brokered Flow-Through Private Placement Financ...
7/25/2008Completes Non-Brokered Private Placement Financing
7/21/2008Announces Oversubscription of its Private Placement
6/26/2008Announces Non-Brokered Private Placement Financing
Nominations of Valgold Resources ltd.
1/16/2015Announces Appointment of New Director and Director Resignati...
6/22/2012Announces New Directors
Project news of Valgold Resources ltd.
1/23/2013(Tower Mountain)Revises Agreement on Tower Mountain Gold Property, Ontario
9/19/2012(Tower Mountain)and Revolver Enter Option Agreement to Advance Tower Mountai...
10/12/2011Releases MBK Project Media Coverage
9/22/2011to Acquire Past Producing Gold-Silver Mine and Surrounding R...
8/16/2011in Negotiations for a Property Acquisition in Central Europe
5/16/2011(Garrison)and Northern Gold Close Garrison Property Sale
5/12/2011(Tower Mountain)Reports Further Assay Results from the Tower Mountain Gold P...
4/8/2011(Tower Mountain)Reports First Results of 2011 Drill Program on the Tower Mou...
4/7/2011(Garrison)Northern Gold and Valgold Announce Agreement to Consolidate ...
3/31/2011(Garrison)Reports Six Additional Drill Holes for Garrison Gold Project...
2/24/2011(Garrison)Reports Metallurgical Tests Indicate High Gold Recoveries fo...
2/22/2011(Garrison)Reports Further Infill Drill Results at Garrison Gold Projec...
3/5/2010(Garrison)Reports Final Results Of 2009 Drilling On Garrison Project, ...
1/29/2010(Garrison)& Northern Gold Issue Update on Drilling on Garrison Project...
9/15/2009(Garrison - Jonpol / Moneta)& Northern Gold Sign Option Agreement On Garrison Gold Prope...
10/9/2008(Tower Mountain)Options Tower Mountain Gold Property To HMZ Metals Inc.
8/25/2008(Tower Mountain)Completes Acquisition of Tower Mountain Property
5/21/2008(Garrison - Jonpol / Moneta) Files Technical Report For Its Garrison Gold Property, Onta...
4/8/2008(Garrison - Jonpol / Moneta) Reports Initial Resource Estimate For Its Garrison Gold Pro...
3/19/2008(Los Patos) Receives Positive Initial Gold Mineral Resource Estimate Fo...
Corporate news of Valgold Resources ltd.
8/17/2015ValGold Resources Ltd. Earnings Q2*, 2015
1/16/2015ValGold Announces Appointment of New Director and Director R...
12/4/2014ValGold closes secured convertible financing
11/12/2014ValGold Arranges Non-Brokered Secured Convertible Financing
7/24/2013Announces Annual General & Special Meeting Results
6/5/2013Provides Update And Announces Advance Notice Policy
11/26/2012Vangold Announces Change to Board and Senior Management. Joh...
9/24/2012Grants Stock Options
1/26/2012Raises Funds for Ukraine Venture from Partial Disposal of No...
11/30/2011Launches its New Corporate Website
4/8/2011Reports On Annual General Meeting; Appointment Of Investor R...
4/22/2010Shareholder Update April 2010
3/3/2010Completes Restructuring And Subscription Receipts Offering
2/4/2010Reports On Annual And Special Meeting
1/28/2009Status Report
1/7/2009Default Status Report
10/8/2008Announces Major Change In Strategic Direction
6/8/2008(Audio) Steve Wilkinson Interview On Smartstox
5/28/2008for our Shareholder's and Supporters
3/31/2008Defines Gold Targets In NW Guyana
3/17/2008 Discovers New Copper/Nickel/Platinum/Palladium Target In Gu...
1/9/2008 Hiring
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