Arc Minerals Regulatory News (ARCM)

Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration

6 July 2017

ORTAC RESOURCES LTD 

("ORTAC" OR THE "COMPANY")

Board Appointment

Ortac Resources Ltd ("Ortac"), the AIM listed exploration and mine development company operating in Europe and Africa, is pleased to announce the appointment of Brian McMaster to its Board of Directors as a Non-Executive Director, as of 01 August 2017.

Brian has extensive experience in the mining sector, having been involved in the industry for over 20 years. Brian also has considerable capital markets expertise and is currently a Director of Harvest Minerals Limited (AIM:HMI), Jangada Mines (AIM:JAN), Valor Resources Limited (ASX:VAL) and Five Star Diamonds Limited (TSX-V:STAR).

Brian is a member of The Institute of Chartered Accountants in Australia and was until 2011 a partner at restructuring and capital advisory firm, Kordamentha. Prior to that he was a partner at Ernst & Young.

Nick von Schirnding, Non-Executive Director of Ortac, commented:

"I am delighted to welcome Brian to the board of Ortac. Having worked closely with Brian over the past few years we look forward working with Brian as Ortac enters an exciting phase of the Company's development. Brian has a strong track record of delivering value for shareholders and I firmly believe he will be a major asset to the Company."

Contacts

About Ortac

Ortac Resources Limited is an AIM listed exploration and mine development company focused on a diversified portfolio of mining projects with interests in Slovakia, Eritrea, the Democratic Republic of Congo and Zambia. 

In addition to its 100% holding in the Kremnica Mining Licence Area in Slovakia, Ortac also holds an 18.48% interest in Andiamo Exploration Limited, a private company exploring for resources in Eritrea; a convertible in Zamsort Limited, a private company located in Zambia, which is convertible into a 19.35% interest; and a convertible in CASA Mining Ltd, a private gold mine development company advancing the large-scale Misisi Gold Project in the Democratic Republic of the Congo, which is convertible into a 45% interest.

For more information visit www.ortacresources.com

Appendix:

Brian Keith McMaster, 46, currently holds or has held the following directorships and partnerships in the last five years:

This announcement sets out all of the disclosures required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies.