Leed Resources Regulatory News (LDP)

Leed Resources plc

("Leed" or "the Company")

Board Changes

Leed Resources plc, (AIM: LDP), the natural resource investment company, announces that Peter Redmond, Chairman of the Company, has decided to step down from the Board in order to pursue his other business interests. His resignation will be effective immediately following the completion of the Annual General Meeting ("AGM") scheduled to take place later today. Jinesh Patel, Non-Executive Director, will take over as interim Chairman.

The Company also announces the appointment of Charles Henry Zorab as a Non-Executive Director of the Company, effective immediately following completion of today's AGM. Charles, 61, has a wealth of experience as a consultant to mining companies. With a background in investment management, emerging markets and mining research, he is well placed to complement the skills of the Board. In his current role he has advised companies in Africa, Asia and the former Soviet Union. Prior to this, Charles helped to manage emerging market investment funds focussed on Latin America. Before this, he worked within the investment banking division of Merrill Lynch Bank of America in emerging markets and global mining. He began his career as a metals trader with a ring-dealing member of the LME before switching to mining research. Charles is a partner in Charles Zorab Associates.

The Board of Leed would like to thank Peter Redmond for his contribution to the Company since his appointment at the time of the restructuring of the Company in June 2011. 

The Board now intends to become more focussed on natural resource investments in Asia rather than Africa, although it will also consider investments in other geographical locations.

For further information, please contact: