New President

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(TheNewswire)

Vancouver, BC / TheNewswire / June 1, 2018 - New Carolin Gold Corp. (“New Carolin” or the “Company”) (TSX.V “LAD” and OTCBB “LADFF”) announces that, for personal reasons, Mr. Robert Thast has resigned as President and CEO of the Company effective immediately. Mr. Thast worked tirelessly to enable the Company to consolidate its land position at its Ladner Gold Project and set it on the path of renewed exploration to hopefully realize what management believes is great potential in the project. Although leaving the day to day operations of the Company, Mr. Thast will stay on as a director.

 

Mr. Kenneth Holmes, a director of the Company since 2014, has agreed to fill the vacancy and has been appointed as President and Chief Executive Officer of the Company by the Board.  Mr. Holmes, a corporate and securities lawyer by training, brings with him thirty-five years of experience in the junior resource sector having founded companies, raised financing, sat on numerous boards and acted as senior management.  Mr. Holmes originally joined the Company’s Board because of his strong belief that the Ladner Gold Project is an unrecognized but advanced district scale gold exploration prospect.  

 

New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of our 100% owned property consisting of 144 square kilometers of contiguous mineral claims and crown grants, collectively known as the “Ladner Gold Project” (Project).  The Project is located near Hope, BC in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine and Pipestem Mine, and numerous gold prospects.

 

For additional information, please visit the Company’s website at www.newcarolingold.com.

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

"Kenneth R. Holmes"

 

Director

 

Phone:         (778) 379-1275

Toll Free:        1(855) 891-9185

E-mail:  [email protected]

Web site:  www.newcarolingold.com

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

 

Neither the 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 the accuracy of this press release.  

Caution concerning forward-looking information

 

This news release may contain forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates.  These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict.  Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements.  Statements speak only as of the date on which they are made and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

 

Copyright (c) 2018 TheNewswire - All rights reserved.