Vancouver, BC –December 5, 2014: Altair Gold Incorporated (“Altair” or the “Company”)(TSX-V: AVX) and Sultan Minerals Inc. have mutually agreed to terminate the Option Agreement dated December 30, 2001for the Kena Property in British Columbia.
Robert Archer, the Chairman and co-founding Director of Altair, is resigning as a Director of the Company. “Bob has been instrumental in guiding the Company through both positive and turbulent environments, and we wish him well,” said Fayyaz Alimohamed, President of Altair.
The Company is pleased to appoint Mr. Zahir Dhanani as a Director of the Company. Mr. Dhanani will also assume the positions of Chairman and CEO of the Company.
Mr. Dhanani has 20years of venture capital and business development experience and has been active in the private equity arena since 1994, having invested and raised early-round funding in mining (precious and industrial mineral exploration), oil and gas(upstream), and technology (Internet / information, clean) sectors. He has served as an officer, director and financier of a variety of resource and technology companies, with industry experience in industrial minerals and real estate development.
For further information please contact Fayyaz Alimohamedat 604 641 1305, or e-mail [email protected].
Altair Gold Incorporated
Fayyaz Alimohamed, President
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