Algold Resources Ltd. announced the departure of Mario Caron from its board of directors, of Dejan Ristic as its Chief Financial Officer, and of François Auclair as a director and the Corporation's Executive Vice-President, Exploration. Algold's Executive Vice-President, Yves Grou, will assume the role of interim Chief Financial Officer. Messrs.

Ristic and Auclair will continue to be available as cosultants.