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Corvus Gold Appoints New COO

Resource exploration company Corvus Gold (TSE:KOR)(OTCQX:CORVF) announced Tuesday the appointment of Carl Brechtel as new chief operating officer, effective immediately.

The company controls a number of exploration projects, with four prospective projects in Alaska, one in Nevada, and one in Quebec.

Brechtel joins the company with over 35 years of mining industry experience, and specializes in the design and development of both open pit and underground projects.

His recent experience includes serving as manager of project development at Corvus, and his position as president and chief operating officer at International Tower Hill Mines (TSE:ITH).

He also has held senior management positions with AngloGold Ashanti (NYSE:AU) at various mining projects around the world.

Brechtel's primary focus as COO will be on the ongoing development of the company's potential near-term mining project at its North Bullfrog project in Nevada.

He will also oversee the company's interests on the Terra project in Alaska, where the operating JV partner intends to begin pilot scale milling operations and potentially gold production this summer, as well as initial underground development of the deposit, Corvus said.

"The addition of Carl Brechtel as our Chief Operation Officer positions the Company to rapidly take full advantage of our expanding North Bullfrog deposit," said Corvus' CEO, Jeff Pontius.

"With a strong balance sheet, fast track development options and a strong gold price, Corvus is uniquely positioned to become a new Nevada gold producer."

The recent developments at the North Bullfrog project in Nevada and increased investor activity have resulted in the company also retaining Quatloo Investment Management to provide additional investor relations support.

Quatloo's principal, Quentin Mai, has over 16 years of investor relations experience, and has played key roles with groups such as First Quantum Minerals, Cardero Resource, and International Tower Hill Mines.

"The addition of Quentin Mai to our marketing team will ensure the company gets its message out to the broadest possible audience to maximize shareholder value," said Pontius.

The North Bullfrog project covers approximately 43 square kilometres in southern Nevada just north of the historic Bullfrog gold mine formerly operated by Barrick Gold (TSE:ABX).

The company recently unveiled the latest results from diamond drilling in the Yellow Jacket Zone at the North Bullfrog project, opening up what it called "significant potential" for expanding the mineralization in the area.

The Yellow Jacket target is in the northern part of the district, currently outside existing pit perimeters.

Corvus said that hole NB-12-138, which is outside the current in-pit resource as reported in the preliminary economic assessment in February, is the fifth core hole to be drilled in the Yellow Jacket Zone that encountered high-grade gold mineralization.

This latest intersection returned three separate high-grade intervals, with the best being 16.2 grams per tonne (g/t) gold and 1,218 g/t silver over 5.4 metres, including 2.1 metres of 33.0 g/t gold and 2,870 g/t silver within "quartz veined hydrothermal breccia", the company said.

Corvus also said the high grade intervals found also have elevated selenium and tellurium values - similar to those reported in the silver-rich, gold mineralization found at the historic Bullfrog Mine, which is roughly 10 kilometres to the south of the North Bullfrog project.

Shares grew 6.38 percent to $1.00 Tuesday Morning.