VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/30/13 -- Granite Creek Gold Ltd. (the "Company") (TSX VENTURE: GCX) is pleased to announce that it has entered into a Consulting Agreement with Douglas McKay and Associates ("DMA") to provide general marketing services to the Company in order to raise the Company's public profile. The Agreement covers a term of six months, which is renewable and subject to earlier termination by either party on 30 days advance written notice. DMA has extensive financial and marketing knowledge and is based in Vanderhoof, BC.
In consideration of the services to be provided, the Company has agreed to pay DMA a monthly fee of C$5000 per month. Granite Creek has also agreed, subject to TSX Venture Exchange approval, to grant DMA stock options for the purchase of up to 500,000 common shares of the Company's capital stock for a period of five years at a price of $0.10 per share in accordance with the Company's Stock Option Plan and to vest according to TSX-V policy.
About Granite Creek Gold
Granite Creek is a Vancouver based exploration company in the business of acquiring and carrying out exploration on mineral properties, especially those with precious metals potential, with the goal of establishing a mineable mineral resource. Granite Creek's BC projects consist of the gold/copper/molybdenum Taseko Property, 225km north of Vancouver, on which it has an option to acquire a 70% interest; the 100% owned 654ha Railway Property, a copper project in the highly prospective Stikine arch area of northwestern British Columbia; and the 5611ha Troitsa Property, a copper/molybdenum/gold located in central British Columbia, on which it has an option to acquire a 100% interest. Granite Creek's Malian projects consist of the 35 sq km Koussikoto Ouest and the 75 sq km Darsalam gold concessions in Mali, West Africa, both of which the Company has an option to acquire a 100% interest.
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to regulatory approvals, exploration programs, and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the Company's ability to obtain regulatory approval and to complete its exploration programs on schedule and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Granite Creek Gold Ltd.
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