AAA.L Regulatory News (AAA)

8 May 2006 10:39

Adastra Minerals Inc08 May 2006 Adastra Board Changes Trading: TSX and AIM: AAA London, UK (May 8th, 2006) Following the announcement by First Quantum Minerals Ltd ("FQM") on 1 May 2006that FQM had acquired a controlling interest in Adastra Minerals Inc (the "Company"), John Bentley, Etienne Denis, Bernard Vavala and Patrick Walsh haveresigned from office as non-executive Directors of the Company and Andrew Adams,Clive Newall, Philip Pascall, and Martin Rowley have been appointed in theirplaces. Philip Pascall has succeeded Bernard Vavala as Chairman. Tim Read, President and Chief Executive Officer, commented "I would like toexpress the most profound thanks to Chairman Bernard Vavala and the other threeretiring Directors for the enormous support that they have given to managementover the past years. They have made a considerable contribution towards therealisation of value for shareholders." Following these changes with effect from 4th May 2006 the Board comprises PhilipPascall (Chairman), Andrew Adams, Paul MacNeill, Clive Newall, Bernard Pryor,Timothy Read and Martin Rowley. The information required by AIM Rule 17 concerning the new directors is set outbelow. Name Age Other Directorships or Partnerships (C = Current: P = Past directorship within last 5 years) Philip K R Pascall 58 First Quantum Minerals Ltd (C) Andrew B Adams 49 First Quantum Minerals Ltd (C) Aber Diamond Corporation (P) Tahera Diamond Corporation (C) Jaquar Nickel Corporation (C) SXR Uranium! Inc. (C) G Clive Newall 56 First Quantum Minerals Ltd (C) Gemfields Resources plc (C) Martin R Rowley 51 First Quantum Minerals Ltd (C) There are no facts requiring disclosure under Schedule 2(g)(iii) to (viii)inclusive. Ends Contact us: London Adastra Tim Read, President and Chief Executive Officer Tel.: +44 (0)20 7257 2040 Parkgreen Communications Annabel Leather Tel.: +44 (0)20 7493 3713 North America Equicom Martti Kangas Tel.: +1 (416) 815 0700 This information is provided by RNS The company news service from the London Stock Exchange