Superior Gold Inc. Announces Appointment of René Marion to the Board of Directors

TORONTO, Sept. 7, 2017 /CNW/ - Superior Gold Inc. ("Superior Gold" or the "Company") (TSX.V:SGI) is pleased to announce the appointment of René Marion to its Board of Directors.

Mr. Marion is a member of the Professional Engineers of Ontario and has over 30 years of experience in the Mining Industry in both technical and management roles. His wide ranging and extensive experience includes over 12 years at Barrick Gold Corp. (TSX: ABX), including a period in which he provided technical advice and input into their Australian assets, including the Plutonic Gold Mine. Most recently Mr. Marion was President and CEO of Aurico Gold Inc. from 2007 to 2012. He is currently Chairman of the Board of Richmont Mines Inc. (TSX:RIC) and also serves on the Board of Guyana Goldfields Inc. (TSX:GUY).

Chris Bradbrook, President and CEO of Superior Gold stated: "We are very pleased to welcome René to our Board of Directors. His extensive industry experience, operational expertise and familiarity with our Plutonic Gold Mine will be a great asset to our Company and will compliment the skill set and experience of our existing Board of Directors." 

The Company has granted Mr. Marion, subject to the terms and conditions of the Company's Stock Option Plan and the receipt of regulatory approval, options to purchase 200,000 common shares of the Company at an exercise price of $1.00 per common share exercisable until September 5, 2022.

About Superior Gold

Superior Gold is a Canadian based gold producer that owns 100% of the Plutonic Gold Operations located in Western Australia. The Plutonic Gold Operations include the Plutonic Gold Mine, which is a producing underground operation with a central mill, the Hermes open pit development project and an interest in the Bryah Basin joint venture.  Superior Gold is focused on expanding production at the Plutonic Gold Operations and building an intermediate gold producer with superior returns for shareholders.

Forward Looking Information

This press release contains "forward-looking information" within the meaning of applicable securities laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking information" includes statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made. Furthermore, such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking information. See "Risk Factors" in the Company's prospectus dated February 15, 2017 filed on SEDAR at www.sedar.com for a discussion of these risks.

The Company cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Company does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Superior Gold

Superior Gold Inc., Chris Bradbrook, President, CEO & Director, [email protected], Tel: [phone]