Central Asian Minerals and Resources PLC
LSE : CMRP

June 06, 2012 02:00 ET

Appointment of new Chief Executive Officer

                                                                                               IM00B61FM981
                                                                                                6 June 2012
                                                                                                           
                                                                                                           
                                                                                                           
                                 Central Asian Minerals and Resources PLC
                                        ("CAMAR" or the "Company")
                                                     
                                Appointment of new Chief Executive Officer

CAMAR  is  pleased  to  announce that David Russell, a non-executive director  of  the  Company,  has  been
appointed as CAMAR's Chief Executive Officer with immediate effect.

David  has over 34 years' experience in the mining industry, encompassing a variety of operating, executive
and  board  positions.  David has a degree in Mining Engineering from the University of Montana at  Montana
Tech  and  is  currently Chairman of Pure Nickel (NIC:TSX), Chairman of Fire River Gold (FAU:TSX.V)  and  a
director  of  General Molybdenum (GMO:AMEX).  Previously, he was the founder, President and CEO  of  Apollo
Gold  Corporation  (now Brigus Gold Corporation, following the merger of Apollo Gold  and  Linear  Gold  in
2010).   Prior to Apollo Gold, he was the VP and COO of Getchell Gold Corp, which had production of 200,000
ounces of gold per year and was acquired by Placer Dome for USD 1.1 billion in 1999.

CAMAR also announces that John Leech, a non-executive director of the Company, has resigned to pursue other
business  interests. Following Mr. Leech's resignation, the Directors are interested in 11,120,740 Ordinary
Shares, representing 66.57 per cent. of the Company's issued share capital of 16,705,713 Ordinary Shares.


Enquiries:

Central Asian Minerals and Resources PLC                  +41 44 268 5115
Christine Melian

St Helens Capital Partners LLP                              020 7368 6959
Mark Anwyl or Duncan Vasey

Newgate Threadneedle                                        020 7653 9855
Graham Herring or Richard Gotla

Contact Information

  • Central Asian Minerals and Resources PLC