Alba Mineral Resources Regulatory News (ALBA)

20 Feb 2007 16:36

Alba Mineral Resources PLC20 February 2007 Alba Mineral Resources plc("Alba" or "the Company") Directorate Change Mr Lance O' Neill, Chairman of Alba Mineral Resources plc (the Company) hasresigned from the Board, with immediate effect. Mr O'Neill has other businessinterests which he now wishes to concentrate and spend additional time on. Hewill however remain associated with the Company in a consultancy capacity. Mr.Michael Nott, Group Managing Director, will assume the Chairman'sresponsibilities and duties. ENDS Enquiries Michael Nott, Managing DirectorAlba Mineral Resources plc Tel: +44 (0) 20 7495 5326 Justine Howarth/ Victoria ThomasParkgreen Communications Tel: +44 (0) 20 7851 7480 Liam Murray, Nominated AdviserCity Financial Associates Tel: +44 (0) 20 7090 7800 Notes to Editors Alba Mineral Resources plc is a committed, technically driven explorer with acommodity focus on uranium, nickel and gold. Alba currently has interests in anumber of well researched properties owned in its own right or in conjunctionwith other parties, primarily in Scotland, Mauritania and Sweden. The Companyalso has gold and base metal interests in Scotland and Ireland. The Company's overall corporate and exploration strategy will continue to be oneof developing a portfolio of well-researched, promising and prospectiveexploration properties that will be pursued further, either in the Company's ownright or in conjunction with other parties. To create value, projects will be either sold outright (in whole or part), spunoff into a separate company, joint ventured to include a cash consideration and/or maintaining a 'Net Smelter Return' or developed into operating mines. TheCompany will have a principal focus on the Arthrath nickel-copper-platinum groupelements project in Scotland, uranium and copper-gold in Mauritania, and nickeland copper-gold in Sweden. Alba will actively assess, as a priority, the uranium potential of the threeuranium permits awarded in Mauritania, and are fully committed to continuingnickel exploration in Sweden as part of a collaborative exploration effort partfunded by the Altius Minerals Corporation of Canada. Precious and base metal properties in Ireland and Scotland will continue to formpart of the company portfolio and will be carried forward on a timely basis,with a view to seeking joint ventures on each where warranted. This information is provided by RNS The company news service from the London Stock Exchange