Attached files
| file | filename |
|---|---|
| 8-K - AFFINITY GOLD CORP. | v188569_8k.htm |
| EX-99.3 - AFFINITY GOLD CORP. | v188569_ex99-3.htm |
| EX-99.5 - AFFINITY GOLD CORP. | v188569_ex99-5.htm |
| EX-99.1 - AFFINITY GOLD CORP. | v188569_ex99-1.htm |
| EX-99.4 - AFFINITY GOLD CORP. | v188569_ex99-4.htm |
| EX-99.6 - AFFINITY GOLD CORP. | v188569_ex99-6.htm |
AFFINITY
GOLD CORP.
7950
Main Street, Suite #217
Maple
Gove, MN 55369
Symbol: AFYG -
OTCBB
February
26, 2010
NEWS
RELEASE
MESSAGE FROM AFFINITY GOLD’S
NEWLY APPOINTED CEO
Maple Grove, Minnesota –
February 26, 2010 – Affinity Gold Corp. (OTC-BB: AFYG) (“Affinity” or the
“Company”) releases message from newly appointed CEO, Paul Antoniazzi, detailing
plans for moving the Company forward to become a producing junior mining company
with a diversified portfolio of production and exploration assets.
Message
from Paul Antoniazzi:
I’m very
excited to have been appointed by the board as the new CEO of Affinity Gold
Corp. and been given the privilege to lead the Company into becoming a producing
junior mining company.
In my
first six months as CEO there are a number of key objectives I’m committed to
see accomplished which the management team and I are diligently working towards.
Our top three objectives at this point are to:
1. Secure
USD$750,000.00 which is expected to be allocated towards establishing initial
production operations on our flagship site.
2.
Recruit the necessary management and operational personnel with the right
credentials, experience and proven track record.
3. Put
our project into production in the second quarter of 2010.
If the
Company is successful in securing $750,000.00 of financing, such funds are
expected to enable the Company to put its current project into an economically
viable scale of production at which time it will no longer be just an
exploration company. Production revenues are anticipated to sufficiently cover
the Company’s operational and administrative costs and provide a modest level of
capital to be reinvested into increasing production levels.
With
existing cash on hand along with funds from the anticipated equity financing,
the management team and I have begun making plans for on-site preparations to
commence towards the beginning of the second quarter of this year. I have
instructed our team in Peru to begin locating the necessary equipment to be
acquired in the coming months as part of our plans for ramping up production
later on. It’s critical that we plan and coordinate early on with equipment
suppliers due to the amount of time and associated logistical challenges
involved with mobilizing equipment for delivery into the Amazonian River
Basin.
I am
pleased to say I firmly believe we are in the home stretch towards beginning
gold production. The management team has worked very diligently to get the
project to this stage and it’s exciting to finally believe we have a
revenue-generating mine in sight.
Affinity
Gold believes it is well positioned to pursue building a competitive producer in
the world’s 6th largest gold producing nation that include the likes of Barrick
Gold and Newmont Mining
Sincerely,
Paul
Antoniazzi
CEO &
Director
Affinity
Gold Corp.
The
Qualified Person for the flagship property in Peru is Mr. Robert Laakso, P.Eng.,
of Holland Landing, Ontario, and he has reviewed the contents of this
release.
About
Affinity Gold Corp.:
Affinity
Gold Corp. is a mineral exploration and development company engaged in the
acquisition, exploration and development of gold mineralization properties
internationally. Affinity Gold Corp.’s current primary focus is gold exploration
in Peru.
Through
its 99.99% owned subsidiary AMR Project Peru, S.A.C., Affinity Gold Corp. is the
owner of the mining concession title named “AMR Project” covering 500 hectares
and the mining concession certificate as evidenced by Certificate No.
7996-2006-INACC-UADA granted to AMR by the Republic of Peru, National Institute
of Concessions and Mining Cadastre on December 11, 2006 (the “Mining Concession
Rights”).
www.affinitygold.com
CONTACT:
Affinity Gold Corp., +1-763-424-4754, info@affinitygold.com
For
further information please refer to the Company’s filings with the SEC on EDGAR
available at www.sec.gov
FORWARD-LOOKING
STATEMENTS
This news
release may include "forward-looking statements" regarding Affinity Gold Corp.,
and its subsidiaries, business and project plans. Such forward-looking
statements are within the meaning of Section 27A of the Securities Act of 1933,
as amended, and section 21E of the United States Securities and Exchange Act of
1934, as amended, and are intended to be covered by the safe harbor created by
such sections. Where Affinity Gold Corp. expresses or implies an expectation or
belief as to future events or results, such expectation or belief is believed to
have a reasonable basis. However, forward-looking statements are subject to
risks, uncertainties and other factors, which could cause actual results to
differ materially from future results expressed, projected or implied by such
forward-looking statements. Affinity Gold Corp. does not undertake any
obligation to update any forward-looking statement, except as required under
applicable law.