St Andrew Goldfields Ord STADF

RE: Greater! News

[moe4]

ST. ANDREW GOLDFIELDS """ Now let`s see if we have the right candidate for the job . I wish him luck and prosperity... Welcome aboard,Jacques Perron ,,, P.C.E.O... Adios M4 St Andrew Announces Appointment of Jacques Perron as President and Chief Executive Officer 8/7/2007 OAKVILLE, ONTARIO, Aug 07, 2007 (MARKET WIRE via COMTEX News Network) -- St Andrew Goldfields Ltd. (TSX: SAS)("St Andrew") is pleased to announce that, effective October 1, 2007, Jacques Perron has been appointed President and Chief Executive Officer. Mr. Perron is currently employed by IAMGOLD Corporation as its Senior Vice President, Americas. Mr. Perron, age 46, has nearly 25 years of mining and operating experience. Mr. Perron obtained his B.Sc. in mining engineering at l'Ecole Polytechnique in 1984 and until 2000 he held engineering or management positions with Noranda Inc., J.S. Redpath and Cambior. Following the acquisition of the Cambior Quebec base metal assets by Breakwater, he was appointed General Manager of Breakwater's Quebec Operations. Between 2001 and 2004, he managed all business activities at the Campbell Mine for Placer Dome and subsequently the Key Lake/McArthur River operations, followed by the BPEP project (business process enhancement project) for the uranium producer, Cameco. In 2004, he returned to Cambior as Vice President, Canada and was in charge of the Canadian assets including three gold mines and one niobium operation. When IAMGOLD acquired Cambior in 2006, the South American operations were added to his responsibilities. When Mr. Perron assumes the position of President and CEO on October 1, 2007, Glenn Laing, the current President and CEO, will continue to serve as a director and member of the company's Executive Committee. Glenn Laing said, "St Andrew has actively sought the right candidate with significant operating experience and talent to be its CEO and President. It is delighted to have finally found someone with Jacques' experience and abilities. We are looking forward to a long and prosperous association with Jacques and I will continue to assist him in every way." Mr. Perron said, "I look forward to the opportunity of becoming the President and CEO of St Andrew and help realize the Company's production potential and exploration opportunities with its attractive asset package." St Andrew is a gold mining and exploration company with operations in Timmins, Ontario and Alaska, USA. St Andrew controls a very large land position in the Timmins Mining Camp, an extensive land position at Eskay Creek in northern British Columbia and land positions around Nixon Fork in the Kuskokwim-Tintina Mining Camp in Alaska. St Andrew also holds an approximate 50.2 % equity interest in New Zealand based gold explorer, Glass Earth Limited and a 12.6 % equity interest in Apollo Gold Corporation. For further information about St Andrew Goldfields Ltd., please contact Investor Relations toll-free at 1-800-463-5139 or email [e-mail]. FORWARD LOOKING STATEMENTS The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary material include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, political instability, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. St Andrew does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws. Contacts: St Andrew Goldfields Ltd. Don Shaxon Investor Relations Manager [phone] or Toll Free: 1-800-463-5139 [phone] (FAX) Email: [e-mail] St Andrew Goldfields Ltd. Glenn Laing President and CEO [phone] [phone] (FAX) Email: [e-mail] St Andrew Goldfields Ltd. Ben Au CFO and VP Finance & Administration [phone] [phone] (FAX) Email: [e-mail] SOURCE: St Andrew Goldfields Ltd. mailto:[e-mail] mailto:[e-mail] mailto:[e-mail] Copyright 2007 Market Wire, All rights reserved