Altyngold Regulatory News (ALTN)

2 Apr 2007 08:00

Hambledon Mining PLC02 April 2007 PRESS INFORMATION 2nd April 2007 HAMBLEDON MINING PLC DIRECTORATE CHANGES Hambledon Mining plc ("Hambledon" or the "Group" or the "Company"), the AIM-listed mining and exploration company developing precious metal deposits inKazakhstan, announces that Baurzhan Yerkeyev, who joined the Company in 2004,has joined the Board as Executive Director. Alzhan Shomaev, who jointly foundedthe Company and has been a Non-executive Director since flotation in 2004, hasstepped down from the Board to pursue his other business interests withimmediate effect. Mr Yerkeyev, aged 41, joined Hambledon initially as Chief Geologist beforebecoming Project Director and then Executive Director of the mining operatingsubsidiary TOO Sekisovskoye. In 2006 he was also appointed Executive Director ofTOO Altai Kenbai-Itu, the subsidiary formed to own, build and operate theprocessing plant at Sekisovskoye. Baurzhan is an experienced geologist, with extensive knowledge of Kazakhstan,the CIS and the Altai Region (where Sekisovskoye is located). He has managedprojects for the State Geophysical-Geochemical Expedition and the StateExploration Expedition. Before joining Hambledon, he was a director of CRS, theCompany's geological consultants. Nicholas Bridgen, Chief Executive of Hambledon Mining plc, commented: "Whilst we are sad to see Alzhan leave - he has been an excellent partner whoseadvice and counsel will be missed - I am very pleased that Baurzhan has agreedto join the Board. "Baurzhan currently heads the Kazakhstan operations and it is only appropriatethat he joins the main Board of the Company. Since joining us in 2004 hisexperience has proven invaluable, his management of the project has beenexcellent and he has become a key member of the team. He is experienced inworking with the various State bodies responsible for approving the company'sdevelopment plans, and has worked with many western and local companies. "Finally, the Board would like to thank Alzhan for his outstanding contributionto the development of Hambledon Mining." Enquiries Hambledon Mining plcNicholas Bridgen, Chief Executive Telephone: +44 7791 327 180 (UK) +7 701 733 8915 (Kazakhstan) Seymour Pierce LimitedNicola Marrin Telephone: +44 207 107 8000 Bankside ConsultantsMichael Spriggs / Michael Padley Telephone: +44 207 367 8888 Note to Editors Hambledon Mining plc is an AIM-listed gold mining and exploration company whichis developing the Sekisovskoye gold deposit and owns the Ognevka processingplant, both of which are close to Ust Kamenogorsk in East Kazakhstan. At Sekisovskoye, the company is mining from an open pit and constructing an850,000 tonnes per year treatment plant. Production from the open pit willaverage over 40,000 ounces per annum, rising to around 100,000 ounces when thehigher grade underground ore is added to the feed. The Company also holds therights to and is exploring the adjacent Tserkovka licence territory whichincludes several areas of interest including the Tserkovka deposit itself. The Ognevka processing plant is being refurbished and will produce concentratescontaining gold, silver, copper, iron and coke from the retreatment of zincsmelter residues. ENDS This information is provided by RNS The company news service from the London Stock Exchange