Anglo Asian Mining PLC Regulatory News (AAZ)

3 Jul 2006 08:21

Anglo Asian Mining PLC03 July 2006 The following announcement replaces RNS 5218F released today at 07:00 which was a duplicate of a previous announcement. 3rd July 2006 ANGLO ASIAN MINING PLC ('Anglo Asian' or 'the Company') APPOINTMENT OF CHIEF EXECUTIVE Anglo Asian Mining PLC (AIM: AAZ) the gold and copper development company withprojects in Azerbaijan, confirms that Mr Gordon Lewis has today joined the Boardof Directors as Chief Executive. Over the course of his career, Mr Lewis has worked as a senior mining executiveon a significant number of projects across a range of emerging markets. Hepreviously managed Avocet Mining PLC's Indonesian operations, including takingthe North Lanut gold mine from in-fill drilling through to production andoverseeing the start up of Malaysia's largest gold mine. He has also run variousmining operations for RTZ and, more recently, was Chief Operating Officer ofAlexander Mining PLC. Mr Lewis is a Member of the Australasian Institute of Mining and Metallurgy andholds a First Class Mine Manager's Certificate, South Australia. The Board believes that Mr Lewis's experience is a tremendous asset for theCompany and will help it to achieve its stated goals. His appointment is acontinuation of the Company's strategy of recruiting to the Board high-qualityindividuals with in-depth experience of the mining sector and he will initiallybe located in Azerbaijan. Mr Charles Hancock will step down from the ChiefExecutive role but remain on the Board as a non executive director. Mr Mascall, the Chairman of the Company, commented, 'We are very excited thatGordon has agreed to join and to strengthen the Board further. His previousoperational experience will provide a further substantial impetus to thedevelopment of Anglo Asian's projects in Azerbaijan. I would also like to thankCharles for his commitment to the Company over the past year and look forward tohis continuing contribution as a non executive director.' Save as disclosed below, there is nothing further to disclose in relation to theappointment of Mr Gordon Vernon Lewis, aged 57, under schedule two, paragraph(g) of the AIM Rules: Current directorships: Alexander Mining PLC Previous directorships held in the last five years: Avocet Gold LimitedPT Avocet Bolaang MongondowDamar Explorations Sdn. Bhd. As part Mr Lewis's employment arrangements with Anglo Asian, he has been awardedoptions over 1,487,577 Ordinary Shares of 1p each at an option price of 42.5pper share. The options vest in three equal instalments on 12, 24 and 36 monthsrespectively after the date of employment, being 1st July 2006. -Ends- For further details, please contact: Anglo Asian Mining PLC Graham Mascall, Chairman +44 20 7409 3232 Richard Round, Finance Director +44 20 7409 3232 Numis Securities Limited John Harrison +44 20 7776 1590 Parkgreen Communications Victoria Thomas +44 20 7493 3713 This information is provided by RNS The company news service from the London Stock Exchange