July 16, 2015 – Toronto, Ontario: QMX GOLD CORPORATION (TSXV:QMX)(“QMX Gold” or the “Company”) announces that the Board of Directors has accepted the resignation of Brett New as President and Chief Executive Officer of QMX Gold to pursue new opportunities.
David Rigg, Chairman of QMX Gold has been appointed as Interim President and CEO. Mr. Rigg was the past President and CEO of QMX Gold and brings over 30 years of experience in the mining industry.
The Board would like to thank Mr. New for his continued commitment to QMX Gold and wish him well in his future endeavors.
QMX Gold Corporation is a Canadian mining company traded on the TSX-V under the symbol “QMX”. The Company is focusing on mine development and exploration in Quebec and is actively looking for other mining projects for acquisition or option in the Val d’Or area. In addition, QMX operates its’ Aurbel gold mill as a toll milling facility servicing clients in the Abitibi Region.
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Cautionary Note Regarding Forward-Looking Information and Mineral Resources:
This press release contains or may be deemed to contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements (express or implied) relating to the ability of the Corporation to make scheduled payments, the future development of the assets of QMX Gold, and the future financial or operating performance of QMX Gold. Generally, forward- looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, its properties and/or its projects to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the disclosure documents of the Company filed under the Company’s profile on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. It should also be noted that mineral resources that are not mineral reserves do not have demonstrated economic viability.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.