MED Medgold Resources Corp

Medgold Resources Corp. (TSX VENTURE:MED), the European focused gold exploration
company, is pleased to announce that Mr. Brent Cook and Mr. Michael Skead have
agreed to join Medgold's technical advisory committee. Mr. Skead has also been
appointed to Medgold's Board of Directors.


Dan James, the President of Medgold, said: "I'm delighted that Michael and Brent
have agreed to join our technical advisory committee and I'm also looking
forward to working with Michael on the Board of Directors. They have a wealth of
experience gained from critically examining hundreds of mineral properties, in
many different geological settings, around the world. I'm looking forward to
their practical hands-on advice as we advance our Portuguese and Spanish project
portfolio."


Michael Skead

Mr. Skead, a geologist by training, currently serves as Vice President Project
Evaluation for Dundee Resources. As a professional geologist and consultant, he
has extensive exploration experience in Africa, including the DRC where he was
Vice President Exploration for Banro Corporation and led all of its exploration
activities including advancing its projects to the feasibility stage. Prior to
Banro, Mr. Skead was the Exploration Manager for SAMAX Gold and was responsible
for the discoveries of the Kukuluma and Matandani gold deposits in the Geita
Greenstone Belt in Tanzania. Subsequent to these discoveries, SAMAX was acquired
by Ashanti Goldfields in 1998. The two deposits were brought into production as
the Geita Mine, which is currently the largest open pit mining in East Africa.
Mr. Skead subsequently served as the Exploration Manager for Ashanti Goldfields
until 2001.


Mr. Skead has also worked on mineral exploration projects in the USA, Canada,
Mexico, Namibia and Indonesia. He holds a M.Sc. in Exploration Geology, and is a
member of the Australian Institute of Mining and Metallurgy, The South African
Council for Natural Scientific Professions, the Geological Society of South
Africa and the Society of Economic Geologists.


Brent Cook

Mr. Cook is an economic geologist who has been involved in the mineral
exploration and mining business for 32 years. During this time he has evaluated
and valued grassroots through feasibility stage mineral projects in over 60
countries and lived in Australia, Antigua, Brazil, Costa Rica and the Western
US. In 1997 he joined Sprott-Global Resource Investments where he was a
principal mining analyst until 2002. Since then, he has been an independent
analyst and advisor to several investment funds and high net worth individuals.
He is author of the investment letter Exploration Insights, which covers select
investment opportunities in the junior exploration and mining sector.


Incentive Stock Options

Medgold has granted incentive stock options to its directors, officers,
employees and consultants to purchase up to a total of 3,255,000 shares of
Medgold exercisable for ten years at a price of $0.15 per share.


About Medgold

Medgold is aiming to become the leading Mediterranean-focused gold exploration
and project development company, with an extensive portfolio and pipeline of
projects across Portugal, Italy and Spain, targeting economically stressed, but
politically stable European countries that are seeking foreign investment to
invigorate the mining sector.


Additional information on Medgold can be found on the Company's website at
www.medgoldresources.com and by reviewing the Company's page on SEDAR at
www.sedar.com.


ON BEHALF OF THE BOARD

Daniel P. James, President & Director

Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy of
this release.


Forward-looking statements

This press release may contain forward-looking statements including, but not
limited to, comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, and other related matters. Forward-looking statements
address future events and conditions and therefore involve inherent risks and
uncertainties. Medgold's projects in Europe are at an early stage and all
estimates and projections are based on limited, and possibly incomplete, data.
More work is required before the mineralization and the projects' economic
aspects can be confidently modelled. Actual results may differ materially from
those currently anticipated in this news release. No representation or
prediction is intended as to the results of future work, nor can there be any
promise that the estimates and projections herein will be sustained in future
work or that the projects will otherwise prove to be economic.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Medgold Resources Corp.
Ralph Rushton (Vancouver)
Investor Relations
+1 604-801-5432
ralphr@goldgroup.com


Medgold Resources Corp.
Dan James (UK and Portugal)
President
+44 (0) 7972 579188
dj@medgoldresources.com

Medgold Resources (TSXV:MED)
Historical Stock Chart
From Apr 2024 to May 2024

Medgold Resources (TSXV:MED)
Historical Stock Chart
From May 2023 to May 2024