Alba Mineral Resources Regulatory News (ALBA)

27 Mar 2007 07:02

Alba Mineral Resources PLC27 March 2007 Alba Mineral Resources Plc ("Alba" or the "Company") Directorate Change Dr C. Jay Hodgson (aged 71), non-executive Director of Alba Mineral Resourcesplc has resigned from the Board on 23 March 2007 to concentrate on otherbusiness interests. Dr. Hodgson will, however, retain a role with the Companyas a consultant on regional exploration strategy and other technical matters. Managing Director's Statement Michael Nott, Managing Director and Chairman, Alba Mineral Resources commented,"It is unfortunate that Jay has had to withdraw as non-executive director of theCompany, but we are of course delighted that he is able to remain involved as atechnical adviser. The Board wish to thank him for his contributions to theCompany and look forward to continuing to work with him in his advisory role." ENDS Enquiries Michael Nott, Managing DirectorAlba Mineral Resources plcTel: +44 (0) 20 7495 5326 Liam Murray, Nominated AdviserCity Financial Associates LimitedTel: +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 a 'Net Smelter Return' or developed into operating mines. The Company willhave a principal focus on the Arthrath nickel-copper-platinum group metalsproject in Scotland, uranium and copper-gold in Mauritania, and nickel andcopper-gold in Sweden. Alba will actively assess, as a priority, the uranium potential of the threeuranium permits awarded in Mauritania, and are committed to continuing nickelexploration in Sweden as part of a collaborative exploration effort part fundedby the Altius Minerals Corporation of Canada. Precious- and base- metal properties in Ireland and Scotland will continue toform part of the company portfolio and will be carried forward on a timelybasis, with a view to seeking joint ventures on each where warranted. Policies on Environment, Community and Social Responsibility and Safety It is the objective of Alba Mineral Resources not only to increase value for ourshareholders, but to do so in a socially and environmentally responsible manner.We expect employees and contractors alike, to respect the cultures andtraditions of the communities we work with, and in. Alba is a member of Environmental Excellence in Exploration (E3) a projectcoordinated by the Prospectors and Developers Association of Canada (PDAC). As aminimum standard we will abide by the applicable environmental laws within theadministrative areas that we work and ensure that all our employees have theright to a safe and healthy working environment. This information is provided by RNS The company news service from the London Stock Exchange