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Klondex V.P. Exploration, Ted Wilton, Resigns to Join Uranium Resources as VP and Chief Geologist

ELKO, Nev & VANCOUVER, British Columbia--(BUSINESS WIRE)--

Klondex Mines Ltd. (TSX: KDX), a Nevada gold exploration and development company, today announced that Vice President, Exploration, Dean T. “Ted” Wilton, has resigned from Klondex to join Uranium Resources, Inc. (Nasdaq: URRE) as Vice President and Chief Geologist.

Until a new VP, Exploration is appointed, Klondex's exploration program will be directed by Chief Geologist, James Balagna; Senior Underground Geologist, Steve McMillin; and Consulting Geologist, Richard Kern. Messrs. Balagna, McMillin and Kern have substantial Nevada gold exploration experience and have overseen elements of Klondex's Fire Creek exploration program since 2007, 2011 and 2004, respectively.

Klondex CEO, Blane Wilson, commented, “We are sorry to see Ted leave after a brief tenure at Klondex, but we are confident our Fire Creek exploration program remains in strong hands. This is a great opportunity for Ted who is a co-founder, shareholder and former Chief Geologist of Neutron Energy, a privately-held uranium explorer and developer. Ted's move reunites him with Neutron which has agreed to be acquired by Uranium Resources. We wish him all the best in his new role.”

This news release contains forward-looking statements, including about current expectations on the timing of project development. These forward-looking statements entail various risks and uncertainties, are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the global economy; the price of gold; operational, funding and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure materials filed with the securities regulatory authorities in Canada and available at www.sedar.com. Readers are urged to read these materials. Klondex assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.

On Behalf of Klondex Mines Ltd.
Blane W. Wilson
President & CEO

Investor & Media:
Jaffoni & Collins
David Collins, 212-835-8500
KDX@jcir.com

 

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