April 30, 2014, Toronto: Shield Gold Inc. (TSXV: SHG) (“Shield” or the“Company”) is pleased to announce that the Shareholders of the Company, at the Annual General and Special Meeting of the Company held on April 24, 2014, have approved the change of name of the Company from Shield Gold Inc. to Great Lakes Graphite Inc., subject to final regulatory filings and approvals. The Company will provide further updates regarding such approvals and the assignment of a new trading symbol as soon as that information is available. In connection with the change of name, the Company will continue to operate under the trade name “Great Lakes Graphite”.
Paul Gorman, CEO, commented, “The Company’s proposed name change to Great Lakes Graphite is the culmination of a process that has been underway now for the past two years. Over that time, the Company has reprioritized efforts to focus increasingly on the graphite property assets in our portfolio.”
The Company is also pleased to announce that Mr. A. John Carter, Senior Vice President of the Company, was elected to the Board of Directors of the Company at said meeting. Mr. Carter brings over 34 years of mining, mineral processing, engineering and public-company management experience to the Board of Great Lakes Graphite. Most notable is Mr. Carter’s involvement in the development and implementation of mills and milling processes related to several important graphite projects in North America.
About Great Lakes Graphite: Shield Gold Inc., operating as Great Lakes Graphite, is an industrial minerals company with the mandate to bring graphite projects to production through the acquisition and development of high quality graphite flake properties. Graphite has moved to the forefront of the Industrial Mineral World as a Critical Mineral required for industrial use and as a major component in the development of new technologies. With the advancement of battery storage, mobile battery systems and alternative energy infrastructure, it is estimated that 20 new graphite flake mines will be required to keep up with demand by the year 2020.
As there are currently no graphite mines producing in North America, Great Lakes Graphite has the ability to become one of the first producers to supply a growing regional customer base that requires high quality flake graphite, where pricing and demand continue to rise.
The Company, through strategic acquisitions and capable management intends to become a leader in the industrial minerals marketplace. The Company’s graphite properties are located in the Buckingham and Lochaber Townships of southwestern Québec. The Company has also entered into option and joint venture agreements with Eloro Resources Inc. on the Summit-Gaber property located in the La Grande Greenstone Belt in the James Bay region of Québec. Further information regarding Great Lakes can be found on the Company’s website at: www.GreatLakesGraphite.com.
Great Lakes Graphite trades with symbol SHG on the TSX Venture Exchange and currently has 42,504,819 shares outstanding (62,038,982 fully diluted).
For more information, please contact:
Paul A. Gorman, CEO
Great Lakes Graphite
Neil Simon, CEO
Investor Cubed Inc.
Tel: 416-258-2311, 888-258-3323
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