VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2008) - Gryphon Gold Corporation (TSX:GGN)(OTCBB:GYPH) is pleased to announce that Marvin K. Kaiser has been appointed to the Board of Directors, Audit Committee, and Compensation Committee of Gryphon Gold Corporation. Mr. Kaiser comes to Gryphon with 30 years in the natural resources industry and brings financial expertise to the board.
Mr. Kaiser graduated from Southern Illinois University-Carbondale and began his career in the field of public accounting becoming a Certified Public Accountant in 1965. His career in the natural resources industry began in 1969 with Ranchers Exploration and Development Corporation where he held various positions including Chief Financial Officer and Senior Vice President until the company was combined with Hecla Mining Company in 1984. Mr. Kaiser also served as Chief Financial Officer of AMAX Gold, Inc. from 1989 until 1993 when AMAX Inc was combined with Cyprus Mining. Subsequent to leaving AMAX, Mr. Kaiser joined The Doe Run Company as Chief Financial Officer. At the time of his retirement from Doe Run in 2006, he held the positions of Executive Vice President and Chief Administrative Officer.
Following his retirement, Mr. Kaiser formed Whippoorwill Consulting, LLC. which provides financial advisory services to the natural resources industry. He presently serves as a director of several publicly traded mining/exploration companies as well as The Southern Illinois University Foundation.
"I am extremely pleased to have Mr. Kaiser become a director of Gryphon Gold Corporation. In these times of financial turmoil it is a great benefit to Gryphon Gold to have a Director with Marvin's background and experience," says Gryphon Gold CEO, John Key.
Mr. Kaiser's experience will be extremely valuable in the near term market, in the eventual development of the Borealis Gold Mine, and in building Gryphon Gold into a mid-tier gold company.
ON BEHALF OF THE BOARD OF DIRECTORS OF GRYPHON GOLD CORPORATION
JOHN L KEY, CHIEF EXECUTIVE OFFICER
Full financial statements and securities filings are available on our website: www.gryphongold.com and www.sec.gov or www.sedar.com.
This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to Mr. Key's ability to lead Gryphon Gold, resource estimates, and other plans, projections, estimates and expectations. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the SEC(available at www.sec.gov) and with Canadian securities administrators (available at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gryphon Gold Corporation