Spanish Mountain Gold Ltd. announced the retirement of Mr. Donald Coxe and the resignation of Mr. Larry Yau from the Board of Directors. Don has been an important member of the board for many years and has contributed greatly to the mining and other industries over his forty-year career of institutional investment experience in North America. Most recently, Don was instrumental in working through the recruitment and establishment of new directors and management at Spanish Mountain Gold.

He leaves with the team in place that will lead the Company to its next level of development.