VANCOUVER,
Nov. 8, 2012 /CNW/ - Fire River
Gold Corp. (TSXV: FAU), (OTCQX: FVGCF), (FSE: FWR) (the
"Company" or "Fire River") is pleased to announce the appointment
of David Fox to the Board of
Directors.
David Fox is the
President of Fox Collins Securities Inc., a Toronto based securities firm providing
capital raising and financial advisory services. Mr. Fox also
serves on the Board of Goldspike Exploration Inc., a Yukon based gold explorer, and on the advisory
board of Zenyatta Ventures Ltd., an Ontario based junior exploration
company. Mr. Fox has more than 20 years direct securities
industry experience. Mr. Fox holds a Bachelor of Commerce
degree from Concordia University and a
Bachelor of Laws degree from McGill
University.
"We are very pleased to announce the
appointment of David Fox to our
Board of Directors" said Blane
Wilson, Fire River's President and CEO. "His extensive
experience in the financial sector and law background will prove
crucial to the Board as we advance the Nixon Fork mine. We
look forward to his contribution to the Company."
In connection with Mr. Fox's appointment, he has
been granted 200,000 stock options at an exercise price of
$0.10 per share expiring five years
from issuance, subject to the terms and conditions of the Company's
fixed stock option plan.
About Fire River Gold:
Fire River Gold Corp.'s flagship property is the
wholly owned Nixon Fork Gold Mine located in the resource rich
Tintina Gold Belt. Operations at Nixon Fork commenced in
July 2011, with a near term
production target of 30,000 oz gold by end of 2012, and
projecting an increase to 35,000 to 40,000 oz gold per year in
2013. The Nixon Fork Mine is a past producing mine with a high
grade production history, and a low capital requirement due to
pre-existing infrastructure. The Nixon Fork Mine is operated by
Mystery Creek Resources, a wholly owned subsidiary of Fire River
Gold Corp. based in Anchorage,
Alaska. The mine operates year-round producing both gold
concentrate and doré bars. The company's mine plan is designed to
replace mined resources on an annual basis, insuring sustainable
gold production. Excellent district scale exploration
potential provides additional upside for the project.
Fire River Gold
has built a stable platform for growth and a new, experienced and
dynamic management team and Board of Directors. With new
leadership, a revamped mine plan, increased mill production and
exploration upside, Fire River is poised for a period of growth and
increased shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
FIRE RIVER GOLD CORP.
"Blane Wilson"
Blane Wilson
President and CEO
_____________________________________________________________________________
Cautionary Statement Regarding 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. This news release
contains forward-looking statements regarding the business and
operations of Fire River Gold. In particular, statements regarding
use of proceeds and production targets in the upcoming years are
forward-looking statements. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from Fire River's plans or expectations include
risks relating to the actual results of current exploration
activities, fluctuating gold prices, possibility of equipment
breakdowns and delays, exploration cost overruns, availability of
capital and financing, general economic, market or business
conditions, regulatory changes, timeliness of government or
regulatory approvals and other risks detailed herein and from time
to time in the filings made by Fire River with securities
regulators. Fire River expressly disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise
except as otherwise required by applicable securities
legislation.
SOURCE Fire River Gold Corp.