Newcastle Gold appoints Panneton president, CEO

2016-08-09 09:55 ET - News Release

Mr. Richard Warke reports

NEWCASTLE GOLD APPOINTS GERALD PANNETON AS PRESIDENT AND CHIEF EXECUTIVE OFFICER

Newcastle Gold Ltd. has appointed Gerald Panneton as president and chief executive officer, effective Aug. 8, 2016.

Mr. Panneton, a geologist with over 30 years in mineral exploration and development, was the founder, president and CEO of Detour Gold Corp. from its incorporation in July, 2006, until November, 2013. Under his leadership, the Detour Lake project grew from 1.5 million ounces in resources to over 16 million ounces in reserves and into production in less than six years after its acquisition. The Detour Lake mine now ranks as the largest gold mine in Canada.

From 1994 to 2006, Mr. Panneton was with Barrick Gold Corp., where for the last six years of his tenure he was director of advanced projects and evaluations for the exploration and corporate development group. Prior to Barrick Gold, he worked for Lac Minerals, Placer Dome Exploration and Vior-Mazarin Group.

Richard Warke, the company's executive chairman, commented, "We are very pleased that Gerald has agreed to join our team as we expand the drill program on our highly prospective Castle Mountain project. Gerald successfully brought the Detour Lake project from the exploration stage into production, and we look forward to his guidance and leadership on Castle Mountain."

Mr. Panneton received his bachelor of science in geology at the University of Montreal and his master of science in geology from McGill University. Mr. Panneton and his team were the recipients of the PDAC 2011 Bill Dennis Award for a Canadian mineral discovery and prospecting success.

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