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Veris Gold Corp. Announces Management Changes

Stocks in this article: VG

Toronto Stock Exchange: VG No: 45

VANCOUVER, Oct. 1, 2013 /PRNewswire/ - Veris Gold Corp. ("Veris" or the "Company") (TSX: VG) (OTCQB: YNGFF) (Frankfurt Xetra Exchange: NG6A) today announced that effective immediately, Mr. R. Llee Chapman, has resigned as Director, President and Chief Executive Officer of Veris Gold Corp.  Mr. Chapman, who came out of retirement to join the Company April 2013, will continue in his previous role as a business development consultant to the Company.

Mr. Chapman's key mandate, which was focused in Elko, Nevada, was to enhance and strengthen community, government, and local mining relationships.

Having fully completed that mandate, Mr. Chapman will now continue on as a business development consultant to the Company to assist with identifying further toll milling, as well as other growth opportunities consistent with the Company's strategy.

The Management Committee, which has overseen the recent operational and financial successes of the Company, remains intact. This group will continue to support the frontline personnel who have been responsible for the greatly improved performance exhibited across the board at Jerritt Canyon.  The Company remains on target with year-end production and cash cost guidance, and the Jerritt Canyon Mill facilities continue to be optimized in order to perform at and above expectations.  Management continues to work on refinancing opportunities, and expects to deliver an announcement to its shareholders in due course.

The Board of Directors and Senior Management of Veris Gold wish Mr. Chapman the best in his return to retirement and look forward to his continued contributions as a consultant to the Veris Team.

The Board of Directors of Veris Gold has appointed Mr. François Marland as President and Chief Executive Officer of the Company and Mr. Gerald Ruth, Director has been appointed as Chairman.

Mr. Marland has over twenty years of global business experience and has been a Director of the Company since 2009.

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