Viking Gold

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Viking Gold Forms New Advisory Board

Date : Nov 29, 2010

TORONTO, ON, November 29, 2010 – Viking Gold Exploration Inc. (the “Company”) is pleased to announce that it has formed a new Mineral Properties Advisory Committee (“the Committee”) to advise the Company’s board and senior management on various matters relating to its mineral property interests, including the acquisition of new properties. The Committee’s initial members are Mr. Mackenzie Watson and Mr. Rejean Gosselin. Biographical information follows:

 

Mackenzie (“Mac”) Watson

Mac Watson has over 50 years experience in the exploration, development, and mining industry in Canada, and has been involved in the discovery of numerous mineral deposits in Canada. He is currently Honorary Chairman of the Board of Quest Rare Minerals, which he created by a spinoff of uranium properties from Freewest Resources Canada Inc. in 2007. He was recently awarded the prospector of the year award in 2010, for his contribution, with others, to the mineral discoveries in the Ring Of Fire area of Northern Ontario. Prior to that Mr. Watson had been President of Freewest Resources Canada Inc. from 1994 until it was recently sold to Cliff Natural Resources.

 

Mac was awarded Canada’s Prospector of the Year Award in 1991 for his participation in the discovery of the Harker Holloway gold mine (Ontario). Other discoveries he was associated with are, the Icon–Sullivan copper mine (Quebec), the Long Lake zinc mine (Ontario), the Ellison gold deposit (Quebec) and the Hebecourt copper deposit (Quebec). He was also awarded the Quebec Prospector of the Year for his participation in the discovery of the Pusticamica and Verneuil gold deposits in Quebec.

 

Rejean Gosselin

Rejean Gosselin graduated from Laval University in 1979 with ad M.Sc. in Geology. He has worked as a consulting geologist on uranium, gold and base metals mining exploration projects in Canada, United States, and South America from 1979 to 1985. For the past 25 years, Rejean acted as founder and promoter of numerous junior mining companies exploring for different commodities in Canada, West Africa, and Mexico.

 

Rejean is responsible for gold, nickel-copper-PGE and zinc-copper discoveries in Canada and Mexico (Souart gold deposit, Abitibi, Delta Ni-Cu-PGE deposit, Ungava and Bolivar Zn-Cu mine in Mexico). Recent involvements include Dia Bras Exploration as President and CEO from 2003 to 2008 and most recently as Chairman of the Board of Maya Gold and Silver.

 

Granting of Additional Options

The Company’s Board has approved the granting of 250,000 stock options each to the two new Committee members, Mac Watson and Rejean Gosselin, under the Company’s Stock Option Plan. In addition, the Company announces that it has agreed to a six-month management contract with Mr. Mark Edwards, its President and CEO, and granted him an additional 200,000 stock options. These 700,000 options are exercisable at a price of $0.17 for a period of five years.

 

For further information, please contact us at (416) 364-6244 ext. 227 or visit our website at: www.vikinggold.ca

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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