VAL-D'OR, QUEBEC--(Marketwired - Jul 29, 2014) - Threegold Resources Inc ("Threegold" or the "Company") (TSX VENTURE:THG) is announcing that Mr. Peter A. Ball has stepped down as Chairman of the board of directors as of the 25^th of July. Threegold wishes to thank him for his service and wishes him the best in future endeavors. Mr. Ball will continue to act as an advisor to help facilitate ongoing corporate transactions.

In addition, Mr. Michael Willett has resigned from the Board effective July 25, 2014, and Mr. Alain Berclaz has resigned from the board of directors and as VP Exploration. Threegold wishes to thank them both for their efforts in the time spent with the company, as they both pursue other opportunities.

Threegold continues to review near term production focused opportunities and is rebuilding the company to do so. To accomplish this, an asset sale of some of the project in the company is being undertaken to allow the Company to move forward. Additionally, Threegold awaits its tax credit from the Quebec and Canadian government, which will assist in moving the company forward.

The company is also currently reviewing potential candidates to fill the board positions to reflect the areas of interest the Company is pursuing.

We seek safe harbour.