San Gold Corporation announced that Greg Gibson has been appointed as CEO. Gestur Kristjansson will continue in his current role as President. As Chair of the Board's technical review committee, Mr. Gibson is playing a central role in San Gold's turnaround process at the company's Rice Lake Complex.

As part of this process, the company has implemented a number of operational changes which have resulted in significantly improved grades and mill recoveries. The company has also transitioned its workforce to reflect changes in its mine plan and increased efficiency through improved supply chain management. Mr. Gibson has more than 30 years of mining industry experience in Canada, the USA and Australia.

He was President and CEO of Trelawney Mining and Exploration during the discovery and advancement of the Cote Lake South gold deposit near Timmins, Ontario and the subsequent acquisition of the company by IAMGOLD Corporation in June 2012. Mr. Gibson is most recently President and CEO of Kerr Mines, Chairman of Temex Resources Corp., a director of Mag Copper Ltd. and a director of SGX Resources.