San Gold's Wynne retires, Brennan appointed chairman

2013-09-11 19:09 PT - News Release

Mr. Ian Berzins reports

SAN GOLD ANNOUNCES BOARD CHANGES

San Gold Corp.'s board of directors has appointed Bob Brennan as chairman of the board and has accepted the retirement announcement of Hugh Wynne from his directorship.

Mr. Brennan replaces Mr. Wynne, who has served as chairman of the board since the company acquired the Rice Lake mine and related assets in 2005. Mr. Wynne is a founder of San Gold Resources Corp. (a predecessor to San Gold Corp.). Mr. Wynne assembled most of the exploration properties under San Gold Resources Corp. and has added to the land portfolio under San Gold Corp. He has been instrumental in the initiation and start-up of the operations at the Rice Lake gold project. Mr. Wynne remains a very significant shareholder of the company and a great mentor to current directors and management.

"I would like to thank Hugh for his vision and leadership as chairman in founding and building the Rice Lake gold project. During his tenure, San Gold has transformed the Rice Lake mine into a modern complex with significant long-term upside potential," said Mr. Brennan. "We look forward to the next chapter of this story that Hugh has so boldly begun."

Mr. Brennan was appointed to San Gold's board of directors in August of 2012. Mr. Brennan is a fellow of the Chartered Accountants of Manitoba, enjoying a distinguished 47-year career with Manitoba Hydro until his retirement in February, 2012. While at Manitoba Hydro, Mr. Brennan served in various positions culminating in his position as president and chief executive officer from 1990 until his retirement. Mr. Brennan currently serves as chairman of the Riverview Health Centre Foundation and as a director of Stars Aviation, First Peoples Economic Growth Fund and the Canadian National Institute for the Blind.