Consolidated Goldfields Appoints Feisal Somji as Chairman of the Board


Consolidated Goldfields Appoints Feisal Somji as Chairman of the Board

RENO, Nev.--(BUSINESS WIRE)-- Consolidated Goldfields Corp. ("Consolidated" or the "Company") (OTCQX: CDGF) is pleased to announce the appointment of Feisal Somji as Chairman of the Board.

Marc J. Andrews, President and CEO, commented, "I'm delighted and excited to announce that Feisal Somji has accepted the position as Chairman of the Board. Mr. Somji brings prestige, credibility and an extraordinary background of advancing precious metal junior mining companies in a unique position, like Consolidated, to the next level. We believe that Mr. Somji will play a significant role in Consolidated's growth now and in the future. We are proud to have him as part of the team and feel that this is another positive step forward for Consolidated and its shareholders."

Mr. Feisal Somji is a successful, well regarded and respected international businessman. Mr. Somji has 20 years of experience in mineral exploration and development ranging from grassroots exploration to mine development. Mr. Somji has acted as an officer and director of several public companies involved in diamond, gold, silver, copper, base metal and platinum assets in Canada, Mexico, Brazil, Philippines, Peru and Africa. Most recently, Mr. Somji was the founder, President and CEO of Rio Alto Mining Ltd, with its La Arena gold/copper mine in Peru, having achieved commercial production in 2011, with a current annual production rate of approximately 150,000 ounces of gold from 4,000,000 tonnes of ore. Mr. Somji provides expertise in areas of corporate finance and governance, where he has raised over $125 million and helped several projects go public on the Canadian Venture Exchange. Mr. Somji has a B.Sc. from the University of British Columbia and an MBA from Queens University.

Certain information contained in this news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections. However, such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from such forward-looking statements. The Company disclaims any intent or obligation to update publicly any forward-looking statements set forth herein, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Consolidated Goldfields Corp.
Marc J. Andrews, 775-461-2545

KEYWORDS: United States North America Nevada


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