Arc Minerals Regulatory News (ARCM)

10 Feb 2009 16:30



For Immediate Release

10 February 2009

Templar Minerals Limited

('Templar Minerals' or 'the Company')

Board Changes

Templar Minerals is pleased to announce the appointment of Mr Alastair Clayton as a Non-Executive Director and Mr Charles Wood as an Executive Director with immediate effect.

 In addition, the Company announces the resignation, with immediate effect, of Mr Gordon Cassidy and Mr Paul Courtnage.

Mr Alastair Clayton is a qualified geologist with a post graduate diploma in Finance and Economics from the Securities Institute of Australia. Mr Clayton has over 13 years experience in the mining and resources sector and has worked in Australia, Africa, Asia and Europe in both a technical and corporate capacity.

Alastair is a non executive director of Bannerman Resources Ltd, a uranium development company that is currently completing a Bankable feasibility Study into the Etango Uranium deposit in Namibia. Bannerman Resources Ltd is dual listed in Australia, where it is an ASX300 company, and Canada where it is listed on the main board of the Toronto Stock Exchange. Mr Clayton is also a non executive director of Universal Coal plc which is seeking to develop coal projects in South Africa. He brings a wealth of financial and corporate expertise to the Company with particular access to European and North American markets.

Alastair Raoul Clayton (aged 37) has held the following directorships in companies or partnerships in the past five years:

Mr Wood holds a Bachelor of Commerce, a post graduate degree in Corporate Finance. Mr. Wood has 10 years' experience working in corporate positions across a range of industries including Agriculture, Resources and Banking. Charles has worked in numerous jurisdictions in Africa, South America and Australia and has extensive experience in independent expert's reports, due diligence, capital raisings and mergers and acquisitions. Most recently Mr Wood has been responsible for the development and funding of an agribusiness project in West Africa.

Charles Ainslie Wood (aged 34) has held the following directorships in companies or partnerships in the past five years:

There are no further details in relation to the above appointments which require disclosure under paragraph (g) (iii) to (viii) of Schedule 2 to the AIM Rules.

David Lenigas, the Company's Chairman commented: 

"We are delighted to welcome Alastair and Charles to the Board, and look forward to benefiting from their wide-ranging experience in mining and corporate finance."

Following these changes the new Board composition is as follows:

Enquiries: