VANCOUVER, British Columbia, March 21, 2018 (GLOBE NEWSWIRE) -- Midas Gold Corp. (TSX:MAX)
(OTCQX:MDRPF) today reported that it has appointed Javier Shiffrin, Senior Vice President, Paulson & Co. Inc., to its board of
directors following the resignation of Victor Flores. Mr. Schiffrin was nominated by Paulson & Co. under the investor rights
agreement entered into with Midas Gold in relation to the March 2016 financing that was backstopped by Paulson & Co. Mr.
Flores had been appointed to the board in 2016 as one of Paulson & Co.’s two nominees under that agreement.
“We welcome Mr. Schiffrin to the board of directors of Midas Gold and look forward to working with him and the
other directors to oversee the advancement of the Stibnite Gold Project in Idaho,” said Peter Nixon, Chairman of the board of Midas
Gold Corp. “We also thank Mr. Flores for his service as a director of Midas Gold and for his contributions to the progress we have
made over the past two years. Mr. Flores was instrumental in negotiating the 2016 financing that allowed us to advance into
the permitting process and commence the feasibility study for the redevelopment and restoration of the former mine site at
Stibnite.”
“Paulson & Co. continues to value its investment in Midas Gold, which controls a world class gold project in
Idaho. We look forward to our continued engagement with the other board members in advancing the Stibnite Gold Project through the
completion of a feasibility study and the permitting process for the restoration and redevelopment of the Stibnite Gold Project
site,” said Marcelo Kim, Partner at Paulson & Co., and a director of Midas Gold Corp.
Mr. Schiffrin is a Senior Vice President at Paulson & Co., with a focus on distressed debt investments and
restructurings. Prior to that he was an Executive Director & Restructuring Specialist at Macquarie Capital, and a
Restructuring Attorney at Kirkland & Ellis. He is a graduate of McGill University where he earned a Bachelor of Arts, First Class
Honors; and Columbia Law School where he earned a Juris Doctorate and was a James Kent Scholar. Mr. Schiffrin holds both US
and Canadian citizenship.
For further information about Midas Gold Corp., please contact:
Liz Monger – Manager, Investor Relations
(t) 778.724.4704
(e): info@midasgoldcorp.com
www.facebook.com/midasgoldidaho
@MidasIdaho
www.midasgoldcorp.com
About Midas Gold
Midas Gold Corp., through its wholly owned subsidiaries Midas Gold Idaho, Inc., Idaho Gold Resources, LLC and
Stibnite Gold Company, is focused on the exploration and, if warranted, redevelopment of deposits in the Stibnite‐Yellow Pine
district of central Idaho that comprise the Stibnite Gold Project. Project operator, Midas Gold Idaho, Inc. believes industry
and the environment can work together to restore the site, create economic opportunity and benefit the surrounding community.
Currently, the company is working with the U.S. Forest Service and other regulatory agencies to permit the redevelopment and
restoration of the project site while also advancing the completion of a feasibility study.
