TORONTO, CANADA (January 4, 2012): Lexam VG Gold Inc. (TSX:
LEX), (FRANKFURT: VN3A), (OTCQX: LEXVF) (the "Company")
announces that it has received and accepted the resignation
of Mr. Thomas Meredith from the position of President and
Chief Executive Officer of the Company. Mr. Meredith will
continue as a director of the Company until the next annual
meeting of shareholders. The board and management will
oversee the day-to-day management of the Company until such
time as a successor is named.
The board wishes to thank Mr. Meredith for his long-time
service to the Company and wishes him all the best in his
pursuit of new endeavours.
About Lexam VG Gold
Lexam VG Gold explores for gold in the Timmins area of
northern Ontario, Canada. Lexam VG Gold was formed on
January
1, 2011 by the merger of Lexam Explorations Inc. and VG Gold
Corp., resulting in a well-funded exploration company that
is
27% owned by Chairman Rob McEwen. The company is carrying out
an exploration program with several drills operating,
designed to build the resource base and to test the potential
on its four key property assets: Buffalo Ankerite (100%
interest), Fuller (100% interest), Davidson Tisdale (68.5%
interest) and Paymaster (60% interest). Lexam VG Gold had
$10.3 million in cash as of September 30, 2011, with no bank
debt. The company has 225,545,265 issued and outstanding
shares.
To learn more about Lexam VG Gold (TSX: LEX), visit our website: www.lexamvggold.com.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. FOR FURTHER INFORMATION CONTACT:
Lexam VG Gold Inc.
Ms. Ha Tran, Chief Financial Officer
Tel.: 647 258 0395 x 190 www.lexamvggold.com
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