Affinity Gold Corp. Corporate Update
August 18 2010 - 8:26AM
Affinity Gold Corp. (Pink Sheets:AFYG) ("Affinity" or "the
Company") is pleased to release a corporate update regarding the
Company's recent progress.
On July 8th, the Company issued a message from the CEO, Mr.
Corey J. Sandberg, stating the goals he set to accomplish over the
next 30, 60 and 90 days.
During the 30-day period from July 8th, Mr. Sandberg spent eight
days in Peru, where he visited the Company's project site, held
meetings with the Peruvian Ministry of Energy and Mines, conducted
due diligence and met with potential candidates for joining the
company's subsidiary.
On August 9th, the Company announced that Mr. Oscar Frias, a
highly-educated 30-year veteran of the Peruvian mining industry,
had joined the Company as a Strategic Advisor.
One week ago, the Company retained Andrew Barwicki Investor
Relations to initiate a strategic investor relations program that
will expose the company to institutional investors, broker dealers,
and individual investors through road shows, conference calls and
other traditional means.
"I am thrilled with the progress we have made so far as we have
continued to drive the company forward in meeting our objectives,"
said President and CEO Corey J. Sandberg. "We still have a lot of
work ahead of us, but as long as we continue to focus on the
fundamentals of building a successful business, I have no doubt
that we will succeed. We are making great strides in putting
the pieces together for Affinity's revised strategic plan which
will be announced in greater detail in the near future. In the
meantime, I am continuing to focus on building the leadership team,
building strategic relationships in Peru and elsewhere, and
preparing the company for a re-introduction to the general public
and investment community. "
Over the next 30-60 days, the Company is focused on continuing
its efforts towards identifying and engaging key strategic
partners, improving internal controls and procedures and making
significant progress towards becoming current in our regulatory
filings. Mr. Sandberg stated, "It's imperative that we become
current in filings and demonstrate transparency to the investing
public if we're to be successful in attracting long-term
shareholders."
About Affinity Gold Corp.: Affinity Gold Corp.
is a mineral exploration and development company engaged in the
acquisition, exploration and development of gold mineralization
properties internationally. Affinity Gold Corp.'s current primary
focus is gold exploration in Peru.
Through its 99.99% owned subsidiary AMR Project Peru, S.A.C.,
Affinity Gold Corp. is the owner of the mining concession title
named "AMR Project" covering 500 hectares and the mining concession
certificate as evidenced by Certificate No. 7996-2006-INACC-UADA
granted to AMR by the Republic of Peru, National Institute of
Concessions and Mining Cadastre on December 11, 2006 (the "Mining
Concession Rights").
www.affinitygold.com
For further information please refer to the Company's filings
with the SEC on EDGAR available at www.sec.gov
FORWARD-LOOKING STATEMENTS This news release
may include "forward-looking statements" regarding Affinity Gold
Corp. and its subsidiaries, business and project plans. Such
forward-looking statements are within the meaning of Section 27A of
the Securities Act of 1933, as amended, and section 21E of the
United States Securities and Exchange Act of 1934, as amended, and
are intended to be covered by the safe harbor created by such
sections. Where Affinity Gold Corp. expresses or implies an
expectation or belief as to future events or results, such
expectation or belief is believed to have a reasonable basis.
However, forward-looking statements are subject to risks,
uncertainties and other factors, which could cause actual results
to differ materially from future results expressed, projected or
implied by such forward-looking statements. Affinity Gold Corp.
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
CONTACT: Affinity Gold Corp.
+1-763-424-4754
info@affinitygold.com
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