May 06, 2010
Spanish Mountain Gold Ltd. ("the Company") (SPA-TSXV) is pleased to announce the appointment of Mr. Ron Halas to the position of Chief Operating Officer for the Company. Mr. Halas will also be Project Manager for the Spanish Mountain gold project in central British Columbia.
Ron comes to Spanish Mountain Gold Ltd with 22 years of diverse experience including open pit and underground mining in both base and precious metals. He has worked with major mining companies including Vale Inco, PT Freeport Indonesia, Placer Dome, Cominco Limited and Inco Limited. His extensive experience in mine feasibility, development and operations has been gained in Canada, Indonesia and New Caledonia. Most recently, Ron was Mine Director at Vale Inco's Goro open pit nickel mine in New Caledonia, where he worked to improve operational efficiency, safety and cost awareness at this world-class deposit.
Ron has a Bachelor of Engineering Degree from McGill University, Quebec and a Graduate Diploma in Business Administration from Simon Fraser University in British Columbia.
Ron's immediate focus will be on the management of engineering studies to advance the Company's Spanish Mountain Gold project in central British Columbia.
Brian Groves, the Company's President and CEO commented, "We continue to add to the strength of the Company's management with the addition of Ron to the team. We are very pleased that Ron has chosen to apply his experience and skill to the advancement of our key Spanish Mountain project. His diverse experience and operational abilities will be key drivers of the future growth of the Company."
The Company also reports that it has granted options to acquire an aggregate of 600,000 common shares of the Company to the incoming officer of the Company, at an exercise price of $0.36 until May 5, 2015, pursuant to the terms of the Company's stock option plan.
About Spanish Mountain Gold
Spanish Mountain Gold Ltd is focused on advancing its flagship Spanish Mountain gold project in central southern British Columbia. The Company has a current cash position of approximately $7.0 million and has applied for Mineral Exploration Tax Credit refund from the Province of British Columbia totaling $1.9 million. These funds are expected to be received in the second quarter of 2010.
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD
President and CEO
B&D Capital Partners
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.