| ||August 10, 2009|
Hawthorne Appoints David WJ McAdam as Interim CFO
| ||Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX-V: HGC, US: HWTHF) wishes to advise that Mr. Patrick McGrath has made the decision to step down as the Company's Chief Financial Officer as of August 10, 2009. After assisting in creating the foundation for the Company, Mr. McGrath will be moving onto other opportunities as Hawthorne advances to production at its Cassiar Gold Mine and continues with its corporate development strategy. |
"Hawthorne would to thank Mr. McGrath for his contribution to the Company's growth over the past three years. Mr. McGrath was a co-founder of the Company and we wish him the best of luck in his future endeavours," commented Richard Barclay, President and CEO of Hawthorne.
Hawthorne is pleased to announce the appointment of Mr. David McAdam as interim CFO. Mr. McAdam, who has been with working with Hawthorne as an financial consultant, brings over 25 years of international experience in senior financial roles. Mr. McAdam previously held the positions as CFO of Eastern Platinum Limited, and executive and advisory positions for Yellowcake Mining Inc., Photon Holdings and numerous other US and Canadian based companies.
"As Hawthorne moves towards production at its Cassiar Gold Mine in northern British Columbia, David McAdam, acting as Interim CFO, will play a key role in advancing our business plan. Mr. McAdam brings a long history of working on complex business issues, both on the operational front and in the corporate development area," stated Richard Barclay.
About Hawthorne Gold Corp.
Hawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties in British Columbia, Canada. Hawthorne is led by well-respected mining leaders Richard Barclay and Michael Beley. Hawthorne's goal is to become a junior gold producer by working towards production at Cassiar Gold Mine in Q4 2009 / Q1 2010 and to continue resource development of the nearby Taurus deposit, as well as the Frasergold deposit in the south central British Columbia Cariboo region. Hawthorne continues to review potential acquisitions, focusing on high quality, advanced gold development opportunities.
For more information on Hawthorne, contact Todd Hanas toll free at 1-866-869-8072 or the Company at (604) 629-1505, 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 and permitting 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. A feasibility study has not been completed and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
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