AIM Resources Ltd.
ASX : AIM
AIM : AIMR

AIM Resources Ltd.

January 15, 2008 08:18 ET

AIM Resources Ltd.: Board Changes to Drive Company's Development Strategy

SYDNEY, AUSTRALIA--(Marketwire - Jan. 15, 2008) - Emerging African zinc producer AIM Resources Ltd. ("AIM Resources", "the Company") (AIM:AIMR)(ASX:AIM) is pleased to announce changes to its Board as part of the Company's strategy to take its Perkoa Zinc Project in Burkina Faso into production, and develop value for its other assets - copper-gold in Zambia and nickel-platinum in South Africa.

Managing Director Marc Flory, who has been instrumental in driving the development of the Perkoa Project and AIM Resources' exploration projects in Zambia and South Africa, will become non-executive Chairman and fellow AIM Resources director Bill Cash will assume the role of managing director in the interim, while the Company looks to appoint a new managing director.

Current Chairman Vic Bradley will continue his involvement with the Company as an independent director. Louis Mnguni will also continue in his role of non-executive director. (Please refer to details of new Board positions below).

Mr Flory explained that it has always been part of the Company's strategy for the final phase of development at Perkoa to appoint a managing director with the expertise and the track record to take the mine into production and to continue to manage it once in production.

"AIM Resources is a maturing company and as the Company's life cycle evolves we need to add strength to our Board with the skill sets which will allow us to extract maximum value from our projects".

"In this respect we are fortunate to have the expertise of Bill Cash who has been involved in the development phase of a number of projects, including the McArthur River zinc project in The Northern Territory and the Lisheen zinc and lead project in Tipperary, Ireland."

Mr Flory will continue to play a key role in the Company and will focus his attentions on AIM Resources' exploration projects (Mumbwa in Zambia and Mokopane in South Africa), source new assets and maintain local and Government relationships at the Perkoa Project in Burkina Faso and other areas where AIM Resources has interests.

It is also a key tenet of the Company's Corporate Governance strategy to add rigour to the Board with appropriate appointments in 2008, with a view to having the majority of the Company's Board as independent directors.

"We see this as very positive move for the Company, and one that allows us to best align the skill sets of the executive team," Mr Flory said.

AIM Resources Board

Marc Flory - Non-Executive Chairman

Mr Marc Flory has 25 years experience in financial markets (including equity and project investment funds management) and the mining industry, in South Africa and Australasia. He has held senior positions at Goldfields of SA, JCI, Canadian Imperial Bank of Commerce, Citibank, and the AMP. At the AMP he headed Australia's first International Private Capital Fund, and ran the large Direct Investment Unit (DIU) that invested directly in mining, infrastructure and industrial projects. In this capacity he held a number of directorships. He holds graduate and postgraduate qualifications in Geology, Mineral Economics and Economics. He has an extensive network in Africa and Asia, both in business and at government levels.

William (Bill) Cash - (acting) Managing Director

Mr William (Bill) Cash has consulted to AIM Resources for some 2 years and assisted in the negotiation of international sales agreements for the Perkoa Zinc Project. Mr Cash has worked at a senior level for MIM Holdings Ltd and the Lisheen Zinc and Lead mine in Ireland, where his extensive experience of over 20 years, in logistics, feasibility studies and sales for zinc, lead and copper concentrates was gained.

Victor Bradley - Non-Executive Director

Mr Victor Harvey Bradley is a Chartered Accountant with 42 years in the minerals industry, including 15 years at Teck Cominco, a world leader in zinc production, in a variety of financial positions to controller. He is Lead Director of Yamana Gold Inc., a major gold producer with a $10 billion market capitalisation. He was the founder and until November 2007, Chairman of Aura Minerals Inc., which has a major copper/gold/iron project in Brazil. Mr Bradley is Executive Deputy Chairman of Nevoro Inc. and also holds the following directorships: Osisko Exploration Limited; Castillian Resource Corp.; Nortec Ventures Inc.; and Frontier Pacific Mining Corp. He brings his many years of mining experience, wide knowledge of the industry and his contacts, which will be of enormous benefit to AIM Resources.

Louis Mnguni - Non-Executive Director

Mr Mnguni was a Philosophy Lecturer at the University of the North, South Africa. He became President of the United Democratic Front ("UDF"), Northern Transvaal and a member of the UDF National Executive Committee. The UDF was an affiliate of the African National Congress ("ANC"). During 1993 and 1994 he was the overall election coordinator for the ANC in the Northern Province. From 1994 to 1999, Mr Mnguni was a Member of the National Assembly (South African Parliament), representing the ANC, and served in the Portfolio Committees of Foreign Affairs, Education and the Reconstruction and Development Program. Since February 1999, he has been the South African High Commissioner to the Republic of Mauritius. With degrees in Sociology, Philosophy and Politics and extensive experience in diplomacy and government, Mr Mnguni is a valuable member of the Board.

AIM Resources is listed on the ASX (code: "AIM") and on London's Alternative Investment Market (code: "AIMR").

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