NIOGOLD APPOINTS SIMON RIDGWAY TO ITS BOARD OF DIRECTORS
October 19, 2010
Vancouver, BC - October 19, 2010 - NioGold Mining Corporation (TSX-V: NOX) is pleased to announce that Simon Ridgway has joined the company's Board of Directors.
Mr. Ridgway is an accomplished mine developer with over 30 years experience in the mining industry. During the 1990s, Mr. Ridgway led the discovery and development of two gold deposits in Honduras and Guatemala, both of which were subsequently sold and put into production by Glamis Gold, now Goldcorp.
He is a co-founder of the Gold Group, a stable of mining and exploration companies having a head office in Vancouver, Canada. The companies under his management include a full spectrum from grassroots exploration (Radius Gold Inc.), through advanced-stage definition drilling (Focus Ventures Ltd.) to production and cash flow (Fortuna Silver Mines Inc.). Since 2003, his group has raised over $300-million in the European and North American capital markets. Most recently, Fortuna Silver Mines closed a $35-million bought-deal to finance the development of a new silver mine in Oaxaca, Mexico.
Michael Iverson, chairman and chief executive officer of NioGold, comments: "We are extremely pleased to welcome someone of Mr. Ridgway's caliber and expertise as a Director. Simon will provide NioGold's management with advice in strategic and corporate business development. His expertise and industry contacts will be invaluable as the company advances its flagship Malartic gold project in Quebec and makes the transition from exploration towards production over the coming few years."
NioGold Mining Corp. also announces that it has granted an aggregate of 1,400,000 incentive stock options exercisable at $0.35 for a period of five years to directors, officers and consultants of the company. The options are subject to the approval of the TSX Venture Exchange.
