Teknomining Plc
LSE : TEKP

December 21, 2012 11:05 ET

Board Changes

                                                                            21st December 2012
                                                     
                                              TEKNOMINING PLC
                                                     
                                                     
                                     ("Teknomining" or "the Company")
                                                     
                                                     
                                               Board Changes
                                                     
                                                     
                                                     
Teknomining Plc is pleased to announce the appointments of,   Mr. Sean Finlay, Mr. Matthew Farrell and Dr.
Roger Norwich as Directors of the company.

Sean Finlay (63) is a Professional Geologist and Chartered Engineer with considerable corporate experience
through his various past and current Directorships and will assume the position of Non-Executive Chairman
with immediate effect. His current positions include, Director of Business Development at Geoscience
Ireland and is Chairman of AIM listed Aurum Mining Plc. Sean has extensive knowledge of mining and
exploration activities having been directly involved in a number of projects in Ireland, Africa and the
FSU.

Matthew (Matt) Farrell (51) is a BE (Industrial) and holds a C.Dip. Acc. &Fin in addition to a Masters in
Business Administration. He has consulted to and managed a number of Irish and foreign based business
throughout his career in the areas of production / engineering management, investment, and general
management. Recently Matt has been involved in the development and management of a Turkish mining project
on behalf of a group of investors and will assume the position of Acting Chief Executive Officer with
immediate effect.

Dr Roger Norwich (62) B.A., M.B., ChB., R.D., graduated from Manchester University in 1974 and worked as an
exploration geologist with Texaco Inc. in Texas, the North Sea and the Gulf of Mexico and also holds a
degree in medicine. He has long experience in resource company investment and was a founding Director of
Mexican Silver Mines on TSX-V which then took over and merged with Rio Alto Mining a gold production
company where he remains on the Board of this Main listed TSX Company and is Chairman of the Corporate
Governance and Remuneration Committees. He also sits on the Board of Otis Gold a TSX-V gold exploration
company and is Executive Chairman of Grupo Minero Panuco a privately owned Copper and Gold production
company based in Mexico. Dr. Norwich will assume the position of Senior Non-Executive Director.

Michael  Holden, Nial Ring and Zulkuf Guneli have stepped down as Directors of the company and have pledged
their  full  support for the new Board and will continue to be freely available to the  board  during  this
transition phase of the company.

Incoming  Chairman Sean Finlay commented "I wish to acknowledge the work that the retiring  directors  have
contributed  to the company since its inception.  The newly appointed Directors will immediately  undertake
an evaluation of the existing Turkish asset portfolio with a view to developing a strategy to commercialise
these  assets at the earliest possible time. The new Directors will also undertake a full review of all  of
the  company's  commercial activities so as to best maximise shareholder value.  We  look  forward  to  the
continued support of our shareholders as we progress matters".


In  compliance  with the ISDX rules on the appointment of Directors the follow are the details  of  current
Directorships and past Directorships held within the last five years.

Sean Finlay
Current Directorships                                        Past Directorships
Aurum Mining plc                                             Glencar Mining plc
Mostop Ltd                                                   Patrick J. Tobin & Company Ltd
Clare Calcite Ltd                                            Tobin Environmental Services Ltd
Helium Enterprise Ltd                                        
Chitin Marine Products Ltd                                   
Seamount, St.Helens Management Company Ltd                   

Matthew Farrell
Current Directorships                                        Past Directorships
Westlong Developments Ltd                                    
Carnoustie Holdings Ltd                                      None
Benfar Leisure International Ltd                             

Roger Norwich
Current Directorships                                        Past Directorships
Rio Alto Mining Ltd                                          Nighthawk Energy plc
Medico Legal Consultancy Plc                                 
Groupo Minero Panuco                                         
Otis Gold Corp                                               
Inkron Ltd                                                   
Lumichip Ltd                                                 

The  following  are  the  details of the Directors current interests in the Issued  Share  Capital  of  the
Company.
Name                       Number Of Shares
Sean Finlay                nil
Matt Farrell               604,000
Roger Norwich              40,000


The directors of the issuer accept responsibility for this announcement.

Contact Details:

Teknomining Plc
Sean Finlay, Chairman
Phone: +353 1 4959276
Email: Teknomining@gmail.com
Website: www.teknomining.com

LHM Casey McGrath
Con Casey, Corporate Adviser
Phone: +353 1 495 9200
Email: con.casey@lhmcaseymcgrath.ie


Contact Information

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