2012-12-21 23:26:42 -
NOT FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES
Toronto, Ontario CANADA, December 21, 2012 /FSC/ - Upper Canada Gold Corporation (UCC - TSX Venture), ("Upper Canada" or "the Company") is pleased to announce the following management appointments. Effective immediately, Martin Shefsky has been appointed as Chief Executive Officer. Michael Churchill will remain with the Company as its President. In addition, Thomas Sills has resigned as the Company's Chief Operating Officer and will be replaced by Eric Moeller. Mr. Sills has agreed to remain involved with the Company on a consulting basis. The Corporation wishes to thank Mr. Sills for his work thus far with Upper Canada.
Prior to joining Upper Canada, Mr. Shefsky was the President and CEO of Northern
Gold Mining Inc. (TSXV:NGM) ("Northern Gold") from May 2006 to July 2012. Mr. Shefsky founded Northern Gold and was instrumental in completing its non-brokered, hard dollar equity funding which raised approximately $18,000,000. Mr. Shefsky also was responsible for reorganizing the management team at Northern Gold in conjunction with the equity funding. Mr. Shefsky will continue to serve as a director of Northern Gold. Mr. Moeller is a registered professional geologist (South Carolina) and holds a B. Sc. in geology from Mackay School of Mines (Reno, NV) and has more than thirty five years of continuous experience in mining (both surface and underground), mineral exploration, operations management, and domestic and international sales and marketing fields. Mr. Moeller is the former President and CEO Regis Resources, Inc. and was a founding director of Northern Gold.
Mr. Churchill commented, "I am very pleased to be welcoming Martin Shefsky and Eric Moeller to our management team. Martin and Eric's track record of funding success at Northern Gold is particularly commendable given the very challenging market conditions that junior gold exploration and development companies have been experiencing over the last 18 months. We are pleased that both Martin and Eric see the merits of our proposed Pine Tree acquisition and have joined our team at this time to assist us in completing our funding and also provide valuable ongoing management expertise for this advanced stage project." Mr. Shefsky commented, "I am very pleased to be joining the Upper Canada team and look forward to moving the Pine Tree Project ahead as quickly as possible."
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 accuracy of this release.
FOR FURTHER INFORMATION CONTACT:
Michael Churchill - President
Tel: 647-977-9267 x101
Martin Shefsky - Chief Executive Officer
To view this press release as a webpage please click on the following link:
Source: Upper Canada Gold Corporation (TSX-V: UCC) www.uppercanadagold.com
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