VANCOUVER, BRITISH COLUMBIA – May 13, 2014 – La Ronge Gold Corp. (“La Ronge” or the “Company”) (TSX VENTURE:LAR) is pleased to announce that the Company will retain Canfrac Sands Ltd.’s operations team, including David Brough. David Brough is a results-focused, effectual leader who has led and managed multiple teams in a variety of business initiatives. These businesses have been focused in the oil, gas, and oil and gas service industry. As President and CEO of Earth Energy Resources Inc., Mr. Brough led the team that developed, funded, and patented the first environmentally focused and US-based oil sand company with 200,000,000 bbls in reserves. Mr. Brough and the team involved developed what is one of the largest aggregate pits in N.E. Alberta to serve the SAGD (Steam-assisted Gravity Drainage) oil plays and construction industry. Working with management of an oilfield service company in Grande Prairie, AB, the company grew from $1 MM a year in revenue to as much as $1 MM a month within 18 months prior to his exiting. For the past five years, the focus has been silica sand development. David led the team that was the first to develop a process to crush hard rock quartz for use in fracking. Recently as President and CEO of Canfrac, David was able to secure multiple primary clients, turning around the Saskatchewan-based silica producer and outselling current plant production. David’s experience includes mergers, acquisitions, and negotiation and closure of contracts with North America’s largest oil and gas companies. His duties have included the management of day-to-day operations, structuring companies to the point of achieving and securing financing from outside equity partners. David has Board experience with 4 companies.
The Company is also pleased to announce that two additional Board members will join La Ronge, namely Tony Yip and Chris Friesen on or after June 19, 2014.
Tony Yip graduated from The University of North Dakota School of Law. He has over 16 years of experience advising oil and gas companies in the areas of mergers & acquisitions, corporate governance, and commercial and contract matters. He joined Canfrac Sands in March 2014. Mr. Yip has held senior legal and management positions with Canadian Natural Resources, ARC Resources, and AMEC, the global engineering and oil & gas Services Company. During his career, Mr. Yip has worked on closing over $7 billion worth of M & A transactions.
Christopher (Chris) Friesen – BSc. Eng., P.Eng – Chris has 10 Years of Oil and Gas engineering experience with both major and intermediate sized Oilfield Service and E&P Companies. He is involved in the day-to-day family business interests of the Friesen Group of Companies, which holds interests in a variety of industries including frac sand mining and logistics, transloading, crude oil marketing, land development, equipment leasing and financing, aviation, private equity placements, commercial real estate, intelligent vending, and car washes. Chris is a Founder and President of RockBoss Developments Ltd., a local Calgary residential land developer. He holds a degree from the University of Alberta in Chemical Engineering. Member of the Association of Professional Engineers and Geoscientists of Alberta (APEGA).
La Ronge President and CEO Rasool Mohammad commented, “Mr. Brough and his team’s work experience in the oil field services sector in Western Canada’s Sedimentary Basin are invaluable. We look forward to working with Mr. Brough and his team to increase shareholder value by expanding the existing frac sand operation and business.”
About La Ronge Gold Corp.
La Ronge is actively engaged in diversifying its mining assets portfolio into sectors other than precious metals. The intent of this strategy is to identify and acquire strategic investments that have the capability to generate cash flow with low capital expenditure costs. This mining asset diversification strategy is limited geographically to Canada at the present time. La Ronge is a Vancouver-based resource growth and development company. The Company owns high-grade gold deposits in one of Canada’s emerging gold producing regions, the La Ronge Gold Belt, northern Saskatchewan. La Ronge also holds other gold projects located in Ontario and Saskatchewan.
Cameron Bartsch, M.Sc., P.Geo., of Tetra Tech EBA, a Qualified Person as defined by National Instrument 43-101, has reviewed the scientific and technical information disclosed in this News Release and has approved its dissemination.
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.
This News Release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.
Rasool Mohammad, B.Sc. (Mining)
President & CEO
604 685-3765 (FAX)