Kingsgate Consolidated Announces Resignation of Non-Executive Director, Craig Carracher

Kingsgate Consolidated Limited is an Australia-based gold and silver mining, development and exploration company. The Company and its Thai subsidiary, Akara Resources Public Company Limited, own the Chatree Gold Mine (Chatree) in central Thailand. In addition, the Company has an advanced development project, Nueva Esperanza, in the highly prospective Maricunga Gold/Silver Belt in Chile. The Chatree is located in central Thailand, approximately 280 kilometers (Kms) north of Bangkok. Chatree’s operations have historically been a large-scale, low-grade, open-pit gold mine. The Nueva Esperanza (New Hope) Project is located in the Maricunga Gold Belt of the Atacama Region of Northern Chile, approximately 140 Kms north-east of the city of Copiapo, a regional mining center. Nueva Esperanza is a silver and gold project comprising several well-defined deposits hosted in a high sulphidation epithermal (hydrothermal) system. The main deposits are Arqueros, Chimberos and Teterita.