Central Asian Minerals and Resources PLC
LSE : CMRP

September 24, 2010 12:35 ET

Result of General Meeting and Board Appointments

                                                                                              24 September 2010
                                                                                                   IM00B61FM981
                                                       
                                   Central Asian Minerals and Resources PLC
                                          ("CAMAR" or the "Company")
                                                       
                               Result of General Meeting and Board Appointments

General Meeting

The  Board  of CAMAR announces that at the General Meeting of the Company held today, all the resolutions  were
duly passed. Accordingly, the subscription for a total of 1,854,754 new ordinary shares of no par value in  the
Company  at  a  price of 55p per share has been approved and dealings in the new ordinary shares on  the  PLUS-
quoted  market  are  expected to commence on Monday, 27 September 2010. On completion of the subscription,  the
issued share capital of the Company will comprise 4,188,087 ordinary shares of no par value.

The  net  proceeds of the subscription, amounting to approximately £1.01 million will be applied by the Company
in  pursuit of its investment strategy of acquiring stakes or otherwise investing in companies with exploration
and/or extraction rights over mineral resources located in central Asia.

Board Appointments

CAMAR  is pleased to announce the appointment of Thomas Marti and Lawrence ("Larry") Snee as Directors  of  the
Company with immediate effect.

Thomas  Marti  will  be an executive Director, primarily responsible for the provision of  services  under  the
Company's  existing  consultancy  contract with Gulf International Minerals Ltd.  Mr.  Marti  has  considerable
experience  of  project  management and project finance, with a particular emphasis on  the  natural  resources
sector.

Larry  Snee,  who  will be a non-executive Director of the Company, has a PhD in Geology  and  is  a  Certified
Professional Geologist; he brings extensive technical experience and mining knowledge to CAMAR.

The  following additional information falls to be disclosed pursuant to Rule 71 and paragraph 18 of Appendix  1
of the PLUS Rules for Issuers:

THOMAS MARTI

Current Directorships                                    Previous Directorships
GEMSTONES ELEVEN AG                                      XITOS AG
                                                         SUNTRADE AG

Mr. Marti was also a director of Outlettel AG, which went into liquidation in 2002 and of Abacat AG, which went
into liquidation in 2004.

Mr.  Marti  and Mr. Snee currently own no shares in the Company and the Directors accordingly remain interested
in  251,671  ordinary  shares, representing 6.0% of the Company's issued share  capital  as  enlarged  by  the
subscription.

The Directors of CAMAR are responsible for the content of this announcement.

Enquiries:

Central Asian Minerals and Resources PLC                              01624 679 000
Christine Melian or John Leech

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


Contact Information

  • Central Asian Minerals and Resources PLC