TORONTO, ONTARIO–(Marketwired – Jun 16, 2014) – Solvista Gold Corporation (“Solvista” or the “Company”) (TSX VENTURE:SVV)(SVVZF) announces that effective today Miller O’Prey has resigned as President and CEO of the Company to pursue other interests. Mr. O’Prey will remain as a member of the Board of Directors of the Company. Bruce Durham, P.Geo, currently a director of the Company, has been appointed as the new President and CEO of Solvista with immediate effect.
Commenting on the news, Gerry McCarvill, Solvista’s Chairman stated, “on behalf of the Board, I wish to thank Miller for his excellent guidance since the inception of the Company. Under his leadership we have made discoveries at both our projects and successfully negotiated an option agreement with IAMGOLD for our Caramanta project that will ensure the advancement of the project while at the same time protecting the Company’s treasury of approximately $4 million. We are well positioned to advance the Company’s interests in Colombia or wherever we identify opportunities. Given Bruce’s broad experience and Toronto base we anticipate that Solvista will be reviewing a host of new opportunities in both base and precious metals in multiple jurisdictions.”
Bruce Durham, the Company’s new President and CEO commented, “I look forward to building on the solid base that Miller has created for the Company. We have two excellent projects in Colombia, with Caramanta currently under option to a major mining company who continues to aggressively explore the project and plans to commence drilling in the third quarter of this year. In addition, the high-grade gold-silver discovery made in 2012 at our Guadalupe project warrants further exploration. We will continue to review new opportunities with a view to expanding the Company’s portfolio of quality projects.”