August 10, 2012
Vancouver, BC - August 10, 2012— Klondex Mines Ltd. (TSX: KDX and OTCQX: KLNDF), a
Nevada gold exploration company, today announced the appointment of
mining industry veteran, Rodney Cooper, to its Board of Directors. Mr.
Cooper joins Klondex with extensive experience in both Nevada and
underground mining. He takes the place of interim director Robert Buchan
who has resigned to focus on his role as Chairman of Allied Nevada Gold
and his other mining industry commitments.
A slate of seven new directors was elected at the Company’s AGM in June,
including several directors serving in an interim capacity. The new
board was elected by shareholders who in aggregate control over eight
million shares of Klondex common stock.
Mr. Cooper has over 27 years of mining and mine engineering experience,
in addition to several years experience as a securities analyst in the
resource sector. Mr. Cooper currently serves as President and Chief
Operating Officer of Labrador Iron Mines, Ltd. (TSX: LIM). His prior
Base Metals/Iron Experience:
Baffinland Iron Mines
VP, Senior Analyst-Base Metals, Iron Ore
VP Operations, COO
Kinross Gold Corp.
Kinross Gold Corp.
Echo Bay Mines
Echo Bay Mines
VP Technical Services, Director Technical Services
Project Manager, Tech. Services Superintendent
Mine Superintendent, Eskay Creek Mine
Mine & Tech. Services Superintendent, Lupin Mine
Project Manager, Project Engineer
Klondex Chairman Blair Schultz, commented: “We are very pleased to
welcome Rodney Cooper to the Klondex Board. He brings decades of
relevant mining experience to Klondex, and we believe he will be a vital
resource for us as we develop our long-term strategy, enhance the
senior management team and recruit additional directors with relevant
mining industry expertise.”
Mr. Cooper is a Professional Mine Engineer in good standing in Ontario
and is affiliated with the Canadian Institute of Mining and Metallurgy
and the Society of Mining Engineers in the United States.
About Klondex Mines Ltd.
Klondex Mines is focused on the exploration and development of its 100%
owned Fire Creek gold deposit in North Central Nevada. Fire Creek is a
compelling gold mining prospect located near power, transportation,
mining infrastructure and several milling facilities. Fire Creek’s
mineral resource is reviewed in the most recent technical report that is
with additional disclosure available via SEDAR
As of August 9, 2012, Klondex had approximately 47.3 million shares
issued and outstanding and 59.1 million shares on a fully diluted basis.
This news release contains forward-looking statements, including about
current expectations on the timing of project development. These
forward-looking statements entail various risks and uncertainties, are
based on current expectations, are subject to a number of uncertainties
and risks, and actual results may differ materially from those contained
in such statements. These uncertainties and risks include, but are not
limited to, the strength of the global economy; the price of gold;
operational, funding and liquidity risks; the degree to which mineral
resource estimates are reflective of actual mineral resources; the
degree to which factors which would make a mineral deposit commercially
viable are present; the risks and hazards associated with underground
operations. Risks and uncertainties about the Company’s business are
more fully discussed in the Company’s disclosure materials filed with
the securities regulatory authorities in Canada and available at
Readers are urged to read these materials. Klondex assumes no
obligation to update any forwardlooking statement or to update the
reasons why actual results could differ from such statements unless
required by law.
On Behalf of Klondex Mines Ltd.
Investor & Media Contact:
David Collins or Antonia Trigiani
Catalyst Global LLC
212-924-9800 or 917-734-0339 evenings
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