| ||February 20, 2008|
Hawthorne Establishes European Market Presence
| ||Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX-V: HGC; WKN A0M55U) is pleased to announce the Company has entered into an investor service agreement with MCM Media GmbH ("MCM Media"), based in Schwyz, Switzerland. |
MCM Media is a privately held European full service investor relations firm for small and medium-sized public companies. MCM Media will provide investor relations and advisory services to Hawthorne that will focus on providing corporate information, increasing Hawthorne's profile with the European financial, retail and institutional investors, to diversify its shareholder base.
In consideration for its services, the Company will pay MCM Media a fee of €1,600 per month plus expenses. MCM Media will also receive 25,000 Hawthorne stock options, exercisable at $2.00 per share, vesting 25% per quarter and expiring on February 1, 2010. The agreement is subject to approval by the TSX Venture Exchange. The term of the agreement is for an initial six-month period commencing January 1, 2008, and is renewable for an additional six month period.
"Hawthorne offers a combination of near term production, through the pending merger with Cusac Gold Mines Ltd., and development of advanced projects with a proven management team. We believe Hawthorne is taking the right steps to become the next successful junior gold producer in British Columbia. We are very pleased to introduce and communicate Hawthorne's equity story throughout the European financial communities, and build shareholder value through increased liquidity and interest in the Company." stated Markus Hoehne, Co-Founder & Managing Partner of MCM Media.
About Hawthorne Gold Corp.
Hawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties located in British Columbia, Canada. Hawthorne is managed by well-respected mining leaders Richard Barclay and Michael Beley. Together with mining veteran Michael Redfearn, and a strong board of directors from across the mining industry, the goal is to become another successful gold company through the continued exploration and development of the Frasergold Project, and the development of the Taurus and Table Mountain gold deposits from the merger with Cusac Gold Mines Ltd.
For more information on Hawthorne, contact Robert Ferguson at (604) 629-1505 or toll free at 1-888-629-1505 or Todd Hanas toll free at 1-866-869-8072, or you can visit Hawthorne's website at www.hawthornegold.com.
ON BEHALF OF HAWTHORNE GOLD CORP.
"Richard J. Barclay"
President & CEO
Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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