Anatolia Minerals Development Limited

Anatolia Minerals Development Limited

October 22, 2007 12:13 ET

Jan Castro Named to Anatolia Board

Anatolia expands Board of Directors and names Mr. Castro to fill the new position.

TORONTO, ONTARIO--(Marketwire - Oct. 22, 2007) - Anatolia Minerals Development Limited (TSX:ANO)("Anatolia" or the "Company") is pleased to announce that its Board of Directors recently increased the board from five members to six members. Jan Castro was named to fill the new position effective immediately. Mr. Castro is the Managing Director of Pala Investments AG, the exclusive investment advisor to Pala Investments Holdings Ltd. and Pala Assets Holdings Ltd., which together hold 15% of the common shares of Anatolia.

Timothy Haddon, Chairman of Anatolia, stated, "On behalf of the Board of Directors and the Company, we are happy to have Jan Castro join the Board. Jan brings a wealth of experience to the Board, particularly in the area of mergers and acquisitions."

Prior to founding Pala Investments AG, Mr. Castro was Senior Vice President-Investments and Corporate Affairs for Mechel OAO, a major Russian mining and metals company listed on the NYSE where his primary responsibilities covered mergers and acquisitions, non-core asset disposals and investor and public relations. He was also responsible for Mechel's IPO in 2004. Mr. Castro received his J.D. and B.A. from Columbia University.

Anatolia currently has 83.0 million common shares issued and outstanding, 98.6 million fully diluted. 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.

Contact Information

  • Anatolia Minerals Development Limited
    Richard C. Moores
    (303) 670-9945
    (303) 670-9947 (FAX)
    Anatolia Minerals Development Limited
    Douglas Tobler
    Chief Financial Officer
    (303) 292-1299
    (303) 297-0538 (FAX)