Buccaneer Gold Corp. announce that H. Richard (Rick) Smith has been appointed as a director and as President and Chief Executive Officer, of the company, in each case, effective June 30, 2016. Mr. Smith replaces Peter Clausi in the role as Chief Executive Officer, who will continue to serve as a director of the company.

The company also announced that Eric Lowy has resigned as a director of the company. Mr. Smith is currently responsible for institutional sales at Dominick and Dominick. He has twenty years of equity financing and portfolio management experience, which is based on a foundation of over fifteen years's oil and gas technical experience.

In his present role, Mr. Smith provides in-depth analysis of client companies, including due diligence on exploration and production firms.