RENO, Nevada, Jan. 31, 2013 (GLOBE NEWSWIRE) -- Valor Gold Corp (OTCBB:VGLD) is pleased to announce that David Rector, the former President of Pershing Gold Corp (PGLC) (f/k/a Sagebrush Gold Ltd) has joined Valor Gold Corp (VGLD) as its interim Chief Executive Officer, effective January 17, 2013, upon the resignation of Arthur Leger. Mr. Rector has been a director of Valor Gold since May 24, 2012. Mr. Rector brings with him over 30 years of general management experience and a strong foundation in the public company environment. Mr. Rector has held numerous officer and director positions with resource related companies. Mr. Leger is remaining with the Company as a director and has been appointed VP of Exploration and Chief Geologist, focusing his talents on his area of expertise in exploration.
Additionally, on January 17, 2013, Mr. James D. Davidson was appointed as a director of Valor Gold. Mr. Davidson is an accomplished businessman in both mining and media industries worldwide. He serves as Chairman & director of Ouro do Brasil Holdings Ltd. and as a director of Core Values Mining & Exploration, two private mining entities. He serves as CEO & director of Universal Tech Corp and as Treasurer and secretary of NMX Holdings, a media concern. He was a founding director of Anatolia Minerals which evolved into Alacer Gold Corp.
Mr. Rector commented, "We have assembled a promising team both technically and on the business side. The geological effort headed by Arthur Leger is fully supported by our Geological Advisory Board which includes Mr. Odin Christensen, former Chief Geologist for Newmont Mining Corp (1992-2000), and Mr. Win Rowe, a well known and respected geologist in Nevada who is head of his own private exploration company of 14 years, Discovery Dynamics, a partner of Snowstorm LLC. "
Valor Gold Corporation is a junior gold exploration company with land holdings in excess of 11,000 acres (4993 hectares) at the intersection of the Battle Mountain-Eureka, Caetano and Rabbit Creek Trends.
Legal Notice and Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words "believes," "expects," "given," "targets," "intends," "anticipates," "plans," "projects," "forecasts" or similar expressions, are "forward-looking statements." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, inability to obtain external financing to fund our operations, planned exploration, permit modifications or to maintain property rights; interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for planned production, exploration and other activities; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; risks of junior exploration and pre-production activities; and maintenance of important business relationships. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the SEC including the Current Report on Form 8-K, filed on May 31, 2012, the financials and risk factors contained therein and its subsequent SEC filings. The Company assumes no obligation to update any of the information contained or referenced in this press release.