TORONTO, ONTARIO — (Marketwired) — 08/02/13 — Solid Gold Resources Corp. („Solid Gold“) (TSX VENTURE: SLD) announces the appointment of Andrew Lindzon to the board of directors to fill one of the vacancies left by the resignations of Ronald Goldsack and Gary Schellenberg from the board of directors. Accordingly, Solid Gold now has three directors (Robbie Grossman, Andre Tanguay and Andrew Lindzon). As such, Solid Gold has been advised by the TSX Venture Exchange (the „Exchange“) that its common shares are scheduled to be reinstated to trading on the Exchange effective the opening on August 6, 2013.
Pursuant to the policies of the Exchange, Solid Gold is required to have at least two independent directors, as well as an audit committee comprised of at least three directors, the majority of whom are not officers, employees or control persons of Solid Gold. As of the date hereof, Solid Gold has only one independent director (Andrew Lindzon) and an audit committee comprised of only two directors (Andre Tanguay and Andrew Lindzon), one of whom (Andre Tanguay) is an officer of Solid Gold. The Exchange has given Solid Gold until October 28, 2013 to bring itself into compliance with these policies.
The proposed private placement and shares for debt transactions announced by Solid Gold on November 19, 2012 are not proceeding.
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 accuracy or adequacy of this release.
Contacts: Solid Gold Resources Corp. Andre Tanguay Chief Executive Officer (905) 621-1670
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