Kemin Resources Regulatory News (KEM)

19 Feb 2008 15:38

GMA Resources PLC19 February 2008 19 February 2008 AIM: GMA GMA Resources Plc ("GMA" or "the Company") BOARD & MANAGEMENT CHANGES BOARD CHANGES GMA Resources today announces that at a recent Board meeting, David Netherwaywas appointed Chairman of the Company. David was formerly a Non-ExecutiveDirector of GMA. Richard Linnell, will move from his former role as Chairman tobecome Deputy Chairman. This move follows the recent commencement of productionat Amesmessa. At the same time, the Board also accepted the resignation from theBoard of Robert Danchin who resigned from his role as Non-Executive Director forpersonal reasons. MANAGEMENT CHANGES The Company also today announces the appointment of David Santley as ChiefFinancial Officer of GMA Resources plc. Mr. Santley will report directly toChief Executive Officer Douglas Perkins and will, for the foreseeable future, bebased predominately in Algeria. He joins GMA Resources after a 13 year career atAnadarko Petroleum Corporation during which time he held a number of positionsin international business development, operations, and corporate planning. Mr.Santley has worked extensively in Latin America, Algeria, the UK and NorthAmerica and speaks fluent Spanish and French. Mr. Santley has dual, American andBritish nationality and holds a BA in Mathematics and Economics and an MBA fromthe University of Virginia. Douglas Perkins, CEO of GMA, commented: "I wish to thank Richard Linnell for guiding the Company since its inceptionand for the very significant contribution, insight and encouragement he hasprovided the company with since that time. I would also like to welcome DavidNetherway to his new post. With his vast experience in the mining industry, I amconfident that David has a great deal to offer as Chairman of GMA Resources notleast as the Company progresses through the next stages of production. It iswith regret that the Company accepts the resignation of Bobby Danchin, who hasbeen an invaluable member of the team, particularly with regard to ourexploration activities and I wish him every success in the future. Finally, I am delighted to welcome David Santley to his role as GMA's new ChiefFinancial Officer. David brings with him a wealth of experience and capabilitiesto the role and as such I am sure that he is a great fit with our Company andwill add considerable value to the Company going forward." Enquiries: GMA Resources Plc John East & Partners Parkgreen CommunicationsDouglas Perkins Simon Fox / Bidhi Bhoma Louise Goodeve / Justine Howarth+1 514 806 6788 +44 (0) 20 7628 2200 +44 (0) 20 7851 7480 Notes to Editors: GMA owns a controlling 52% stake in ENOR spa ("ENOR"), the Algerian basedoperating company for the Tirek -Amesmessa project, with the remainder owned bySonatrach, the Algerian state-owned oil and Gas Company. ENOR holds the exploitation permit to the Tirek-Amesmessa property, an area ofsome 1,417 km2, located approximately 450km south west of the city, Tamanrasset,in southern Algeria. Amesmessa is an open pit heap leach gold mine located inthe extreme south of the permit area. The Tirek gold mine is located centrallyin the northern third of the exploration permit area, some 60 km north ofAmesmessa. Research to date suggests that the Zita Zone, which lies betweenTirek and Amesmessa, offers considerable potential for the development ofadditional prospects amenable to open-pit mining. GMA Resources plans to quicklyexpand upon resources outside of the major 80km Tirek-Amesmessa fault north/south of the concession. GMA's shares are traded on the AIM market of the London Stock Exchange (AIM:GMA). GMA currently has 354,418,493 ordinary shares in issue. For further information on the Company, please visit; www.gmaresources.co.uk This information is provided by RNS The company news service from the London Stock Exchange