Sutter Gold Mining Inc. announced that Mr. Richard A. Winters, President of RMB Resources Inc. and a Director of the company since July 2008, has been appointed Interim President and CEO, effect from July 01, 2013. The Board of Directors announced that Dr. Leanne Baker, who served as President and CEO since November 2011, will continue as a member of the board. The Board would also like to thank Mr. Matthew Collins for his efforts as Chief Operating Officer since September 2009. The board of directors announced the resignation of Dr. Leanne Baker, who served as President and CEO since November 2011. She will continue as a member of the board. The board also announced the resignation of Mr. Matthew Collins as Chief Operating Officer since September 2009.

The company announced that approximately one-third of the current staff positions have been eliminated at the Lincoln Mine site. The remaining personnel will continue with execution of the next phase of planned development at the project.

The company announced the implementation of several cost-cutting measures in response to recent gold market volatility and uncertainty in financing markets. In concert with the company's cost cutting efforts, RMB has agreed to reduce the interest rate on the existing secured, short term credit facility. Beginning July 1, 2013, the interest rate on the facility will be reduced from Libor plus 15% per annum. to Libor plus 10% per annum. This measure will reduce interest burden and direct increased funding for the next phase of development at the Lincoln project.