NEW YORK, April 18, 2005 (PRIMEZONE) -- Capital Gold Corporation (OTCBB:CGLD) is pleased to announce that it has named W. Durand Eppler as Senior Financial Advisor to the company, effective immediately. His duties include heading the company's financial planning and corporate strategy for the El Chanate gold project in Sonora, Mexico.
Mr. Eppler, formerly of Newmont Mining Corporation, held the positions of Vice President of Newmont Capital, Ltd., President of Newmont Indonesia, Vice President of Corporate Development and Vice President Corporate Planning. Prior to joining Newmont, he was Managing Director of Chemical Securities Corporation, providing corporate finance and investment banking services to companies in the natural resource sector. Mr. Eppler holds an M.S. degree in Mineral Economics from the Colorado School of Mines and a Bachelor of Arts from Middlebury College. He is also a 25 year member of the Society of Mining Engineers. "We are very happy to add Randy Eppler to the Capital Gold team," says Chairman Gifford Dieterle. "He brings to us a wealth of experience in both the financial and business development areas."
Further information about Capital Gold and the El Chanate project is available on the Company's website, www.capitalgoldcorp.com
Statements in this press release, other than statements of historical information, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from those projected or suggested due to certain risks and uncertainties, some of which are described below. Such forward looking statements include comments regarding the establishment and estimates of mineral reserves (and non-reserve mineralized material), future increases in mineral reserves, the recovery of any mineral reserves, construction cost estimates, construction completion dates, equipment requirements and costs, production, production commencement dates, grade, processing capacity, potential mine life, results of feasibility studies, development, costs and expenditures. Factors that could cause actual results to differ materially include timing of and unexpected events during construction, expansion and startup; variations in ore grade, tons mined, crushed or milled; delay or failure to receive board or government approvals; timing and availability of external financing on acceptable terms for equipment, construction, working capital and other purposes; the availability of adequate power and water supplies; the availability of adequate mining equipment; technical, permitting, mining or processing issues, and fluctuations in gold price and costs. There can be no assurance that future developments affecting the Company will be those anticipated by management.
The forecasts contained in this press release constitute management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received and that actual results will vary from these estimates, possibly by material amounts. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this press release represent management's estimate as of any date other than the date of this press release. Additional information concerning certain risks and uncertainties that could cause actual, results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC) over the past 12 months, copies of which are available from the SEC or may be obtained upon request from the Company.