Harvest Mi (di) Regulatory News (HMI)

Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining

1 February 2018

Harvest Minerals Limited

("Harvest" or the "Company")

Appointment of Non-Executive Director

Harvest Minerals Limited, the AIM listed fertiliser producer, is pleased to announce the appointment of Mr David Burton to its Board as a Non-Executive Director with immediate effect. 

Mr Burton has over 25 years' experience in the financial capital markets. Most recently, he was instrumental in developing VOX Markets, the fintech investor relations platform for listed companies, quickly achieving all revenue targets and leading a team of over 20 people driving performance and profitability. Prior to this, he was an investor relations and public relations consultant for Square Mile Trading Ltd and held stockbroking and wealth management positions at leading investment houses including Redmayne-Bentley, Barclays Stockbrokers and Barclays Wealth Management. 

Harvest's Executive Chairman, Brian McMaster, said, "We are delighted to welcome David to the Board; his financial experience and network in the investment community will be invaluable as the Company enters its next phase of development and the commercialisation of KPFertil. I look forward to working with him as we build value in Brazil."

The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies in relation to the appointment of Mr Burton:

David James Burton, aged 46

Mr Burton does not hold any existing interest in the Company's ordinary shares.

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

ENDS

For further information please visit www.harvestminerals.net or contact:

Notes

Harvest Minerals (HMI.L) owns the Arapua Fertiliser Project in Brazil, which produces KPfértil, a proven, multi-nutrient, slow release, natural fertiliser and remineraliser, that offers many economic and agronomic benefits. Covering 14,946 hectares and located in the heart of the Brazilian agriculture belt in Minas Gerais, Arapua is a shallow, low cost mine with an indicated and inferred resource of 13.07Mt at 3.1% K2O and 2.49% P2O5. This resource translates into a mine life of over 100 years at a rate of 450k tonnes per annum and crucially is based on drilling just 6.7% of the known mineralisation, leaving significant upside potential. Given that Brazil currently imports 90% of the fertiliser it uses but has set a target to be self-sufficient in fertilisers by 2020, Harvest is ideally placed to address the increasing demand for locally produced fertiliser.