Midway Announces Director Changes
Midway Gold Corp. reports the two vacancies on the board of directors have been filled by the appointment of Daniel Wolfus and Frank Yu as directors. It is with regret that we report that Brian Bayley has resigned as a director, and the board and management of the Company sincerely thank him for his guidance, support and service.
Daniel Wolfus joins the Board of Midway with over 28 years of investment banking experience, firstly with E.F. Hutton & Co., where Mr. Wolfus rose to become partner and Senior Vice President in charge of the West Coast Corporate Finance Department, followed by his tenure as Chairman, CEO and chief organizer of Hancock Savings Bank in Los Angeles. During his term with Hancock Savings, the bank grew to five branches and $225 million in assets before it was sold in 1997. Mr. Wolfus is currently a director of MD Cowan and Co., a manufacturer of oil drilling equipment, and of Platoro West Holdings Inc., a mineral exploration company traded on the Canadian Trading & Quotation System. Mr. Wolfus also serves in various charitable and non-profit organizations in the United States.
Frank S. Yu is a private investor who has been a senior engineering executive with over 20 years of increasingly responsible technical and management positions in major, as well as, start up computer and communications companies. He earned a PhD in Computer Science at Stanford University and has been involved with both communication and computer server companies which were later taken public.
Mr. Wolfus replaced Mr. Bayley on Midway’s Audit Committee and Corporate Governance and Nominating Committee. Mr. Yu has been appointed along with Brian McAlister to Midway’s Compensation Committee. All three of Midway’s Board committees have three independent board members.
Midway Gold Corp. is a precious metals exploration company, listed on the NYSE Alternext US and on the TSX Venture Exchange under the symbol “MDW.” Midway’s focus is creating value for shareholders through the discovery and development of quality new precious metal resources in politically stable mining areas. Midway has four advanced stage gold exploration projects and four early stage exploration projects that control over 60 square miles of mineral rights along three major gold trends in Nevada and the Republic district in Washington. Additional information on Midway Gold Corp. and these projects can be found at: www.midwaygold.com.
