NV Gold Appoints John Watson as CEO

Rhea-AI Summary

NV Gold Corporation announces the resignation of Peter A. Ball as President and CEO after five years, with two years served in the CEO role. He will continue as an advisor to assist with the transition. John Watson, the Chairman, will serve as Interim CEO while the Board seeks a permanent replacement. During Ball's tenure, the company expanded its exploration portfolio and introduced new programs. NV Gold aims to have its most active exploration year to date in 2021, focusing on mineral discoveries in Nevada.

Positive

• Expansion of exploration portfolio under Ball's leadership.
• Introduction of new programs to enhance operations.
• John Watson's interim leadership is expected to ensure a smooth transition.

Negative

• Concerns regarding continuity and potential disruption during leadership change.

VANCOUVER, BC / ACCESSWIRE / July 2, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") announces that, after five years of service to NV Gold Corporation, with the last two as CEO, Mr. Peter A. Ball has resigned from his positions as President and CEO and a Director of NV Gold to pursue new opportunities.

During his time with the Company, Peter has overseen and been part of many changes. Under his leadership, our exploration portfolio has grown and new programs have been instituted.

"We are grateful for Mr. Ball's efforts on behalf of NV Gold and wish him great success in all his ventures going forward", said John Watson, Chairman and CEO of the Company. "I continue to serve as Chairman of the Board and have been asked to serve as Interim CEO as our Board of Directors begins the process of permanently filling the position. Mr. Ball has built a solid team at NVX, and I have great confidence in our staff's ability to make this a smooth transition and look forward to a successful exploration program in 2021."

Mr. Ball has agreed to continue as an advisor to the Company to assist with the transition in CEO to John Watson.

About NV Gold Corporation

NV Gold (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) is a well-financed exploration company based in Vancouver, British Columbia, and Reno, Nevada and is focused on delivering value through mineral discoveries in Nevada, USA. Leveraging its expansive property portfolio, its highly experienced in-house technical team, and its extensive geological data library, 2021 will be NV Gold's busiest exploration year in its corporate history.

On behalf of the Board of Directors,

John Watson
Chairman & CEO

For further information, visit the Company's website at www.nvgoldcorp.com or contact:

John Watson, Chairman & CEO
Phone: 1-303-674-9400
Email: john@watson-assoc.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: NV Gold Corporation

View source version on accesswire.com:
https://www.accesswire.com/653986/NV-Gold-Appoints-John-Watson-as-CEO

FAQ

Who has resigned from NV Gold Corporation and why?

Peter A. Ball has resigned as President and CEO to pursue new opportunities after five years with the company.

Who is serving as Interim CEO of NV Gold Corporation?

John Watson, the Chairman of the Board, is serving as Interim CEO while the Board searches for a permanent replacement.

What were Peter A. Ball's contributions to NV Gold Corporation?

During his tenure, Ball expanded the exploration portfolio and implemented new operational programs.

What can shareholders expect during the transition period at NV Gold Corporation?

Shareholders can expect a smooth transition with continued focus on exploration initiatives, as John Watson has confidence in the existing team.