Overall Gold Performance in 2016 Leads to Solid Growth & High Expectations for Gold Mining Sector; Barrick Announces Board of Director Addition to NuLegacy Gold

Mar 22, 2016, 08:30 ET from FN Media Group, LLC

CORAL SPRINGS, Florida, March 22, 2016 /PRNewswire/ --

Even as Gold has retreated slightly due to a stronger dollar, 2016 has continued to be gold's year as the industry experiences growth and progress through mining advancements, new drilling efforts, mergers and acquisitions, as well as looking much less risky for miners today.   Mining companies in focus today in the markets are NuLegacy Gold Corporation (OTCQX: NULGF), Barrick Gold Corp. (NYSE: ABX), Goldcorp Inc. (NYSE: GG), Gold Standard Ventures Corp. (NYSE: GSV) (TSXV: GSV) & Kinross Gold Corporation (NYSE: KGC) (TSX: K)

NuLegacy Gold Corporation (TSXV: NUG.V) (OTCQX: NULGF) is pleased to report that Barrick Gold Corporation, NuLegacy's largest shareholder, has nominated Mr. Robert L. Krcmarov, Executive Vice President, Exploration & Growth for Barrick as their representative to NuLegacy Gold's Board of Directors.  Mr. Krcmarov is a senior mining executive with nearly 30 years of exploration, operations and corporate responsibilities spanning five continents. 

Read the full NuLegacy Gold (NULGF)(NUG.TSXV) Press Release at: http://www.financialnewsmedia.com/profiles/nulgf.html

As Executive Vice President Exploration & Growth, Mr. Krcmarov leads Barrick's remarkably successful global exploration program, overseeing a team of more than 100 geoscientists and several hundred technical and support staff with annual budgets ranging from $120 million to $500 million.  He is a key participant in the evaluation of new business opportunities and strategic planning, and a member of Barrick's Investment Committee, which evaluates and approves all investments greater than $10 million

In 2014, Rob Krcmarov was co-recipient of the PDAC's Thayer Lindsley award for International Mineral Discovery of the year; he and his team discovered Barrick's 10+ millioni ounce Goldrush deposit, located directly adjacent to NuLegacy's Iceberg gold deposit.   NuLegacy appreciates the significance of Barrick's appointment of such a highly qualified representative to NuLegacy's Board. "We are delighted that Barrick chose the leader of its Goldrush deposit discovery team to represent their company on our Board," remarked NuLegacy Chairman Albert Matter

In other mining developments and recent happenings:  Barrick Gold Corporation (NYSE: ABX)(ABX.TO) also recently announced that Rob Krcmarov, currently Senior Vice President, Global Exploration, has been elevated to the position of Executive Vice President, Exploration and Growth, and will become a member of Barrick's Executive Committee, a group of the company's most senior partners.

Goldcorp Inc. (NYSE: GG)(TSX:G) also announced recent changes in senior leadership as the Company exits a phase of intensive project development and now focuses on optimizing the performance of its portfolio of low-cost mines and advancing a robust organic project pipeline. The business renewal strategy is designed to ensure disciplined capital allocation through a decentralized management approach.  Under the new management structure, mine general managers will be empowered to act as business owners and will be held accountable for maximizing the return on the capital invested in, while growing the net asset value of, their businesses.  These operations will be supported by a leaner senior executive team at the company's head office.

Gold Standard Ventures Corp. (NYSE: GSV) (TSXV:GSV) recently announced an updated National Instrument (NI) 43-101-compliant resource estimate for its Pinion gold deposit on its 100%-owned/controlled Railroad-Pinion Project in Nevada's Carlin Trend. The estimate was prepared by APEX Geoscience Ltd. of Edmonton, Canada ("APEX") and is dated March 10, 2016. An NI 43-101-compliant technical report will be filed with SEDAR within 45 days of the date of this news release.

On March 18, 2016, Compañía Minera Maricunga ("CMM"), a wholly-owned subsidiary of Kinross Gold Corporation (NYSE: KGC)(TSX:K.TO), was notified by Chile's environmental regulatory authority (the "SMA") of a resolution commencing a legal process that will seek to require CMM to close the Maricunga mine's water pumping wells located in the Pantanillo area of Region III.  Read the full release at http://finance.yahoo.com/news/kinross-responds-recent-sma-notification-141535986.html

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