Anatolia Minerals Development Limited

Anatolia Minerals Development Limited

December 20, 2007 10:52 ET

Anatolia CEO/President Resigns

Anatolia Minerals CEO, Richard C, Moores, II, announces resignation for personal reasons

TORONTO, ONTARIO--(Marketwire - Dec. 20, 2007) - Anatolia Minerals Development Limited (TSX:ANO)("Anatolia") reports that its board of directors has accepted the resignation of Anatolia's CEO and President, Richard C, Moores, II. Mr. Moores asked to step down as CEO, President and Director of Anatolia Minerals for personal reasons, effective February, 29, 2008. A search committee has been formed by the Board and will immediately undertake the process of selecting a new CEO. Mr. Moores will assist in ensuring a smooth transition.

Said Mr. Moores: "It has been an interesting and intense 12 years, but all things come to an end. Working together, the Anatolia team has accomplished great things for the company, the shareholders and our partners. I believe the organization, the people, who make up the Anatolia family will continue to be successful in the future. Meanwhile, I feel it is time to move on and pursue other interests in other places."

Mr. Timothy Haddon, Chairman of Anatolia said "We are sorry to see Dick leave the company which he founded, but fully support his decision. The Anatolia team will strive to emulate and enhance the value creation which occurred under his management. We wish Dick the very best, and believe he will continue to create exploration successes."

Anatolia trades on the Toronto Stock Exchange as ANO.

This news release may contain forward-looking statements in respect of various matters including upcoming work programs and events. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Anatolia disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Assays are performed by OMAC Laboratories, Ireland, and ALS-Chemex, Vancouver, BC, Canada, with quality control of sampling, preparation and assaying overseen by Anatolia, whose President, Richard C. Moores, is a "qualified person" for the purposes of applicable Canadian securities regulations.

Contact Information

  • Anatolia Minerals Development Limited
    Douglas Tobler
    Chief Financial Officer
    (303) 292-1299
    (303) 297-0538 (FAX)