ORM.L Regulatory News (ORM)

16 Apr 2008 07:00

Ormonde Mining PLC16 April 2008 16 April 2008 Ormonde Mining plc Steve Nicol Joins Ormonde Board as Chief Operating Officer DUBLIN & LONDON: 16 April 2008 - Ormonde Mining plc ("Ormonde" or the "Company")is pleased to announce the appointment of Mr. Stephen ("Steve") John Nicol toOrmonde's Board as Chief Operating Officer with immediate effect. Mr. Nicol is a Mining Engineer with over 20 years experience in the miningindustry, initially in operations and subsequently in mine evaluation anddevelopment projects. He has held production supervisory roles in variousunderground and open pit mines in Australia and Europe, culminating in a twoyear period as Managing Director of Sardinia Gold Mines SpA in Italy. Morerecently, Mr. Nicol has been operating as an independent consultant working ongold and base metal mine evaluation and development projects in Romania, Greece,Italy, Guinea, Kazakhstan, Canada and the Congo. Mr. Nicol has an intimate knowledge of Ormonde's mining projects, having managedthe La Zarza Feasibility Study on behalf of Ormonde and more recently also takenon the responsibilities of Project Manager for the evaluation and development ofthe Company's Barruecopardo Tungsten Project. Ormonde's Chairman, Mike Donoghue commented, "We are very pleased to welcome Steve to the Board. His considerableoperational and development background will add further depth to the technicalexperience already present at Board level. He will continue his projectmanagement role for La Zarza and will now also take on the responsibility forfast-tracking the evaluation and development of the Barruecopardo TungstenProject." Save as set out below there are no items requiring disclosure in accordance withSchedule 2 (g) iii-viii of the AIM Rules and the IEX Rules for Mr. Nicol. Mr. Nicol, aged 44, has held the following directorships or partnerships in thepast five years: Current PreviousSuziru Ltd Sardinia Gold Mining SpA Mr. Nicol was a director of Tanex Resources PLC (incorporated in England andWales, company number 04297592) for a portion of the 12 months prior to thiscompany being placed into a Company Voluntary Arrangement in November 2003. Mr.Nicol resigned as director in March 2003. At the time of appointment to the Board, Mr. Nicol holds 1 million share optionsin the Company exercisable at a price of €0.109 at any time up to 14 April 2018. Enquiries to: Ormonde Mining plc Kerr Anderson, Managing Director, Fraser Gardiner, Director Tel: +353 (0)46 9073623 Bankside Consultants Simon Rothschild / Louise Mason Tel: +44 (0)20 7367 8888 Mob: +44 (0)7703167065 Davy (Nomad / IEX Adviser) Fergal Meegan Tel: +353 (0)1 6796363 Brewin Dolphin (UK Adviser) Gordon Culfeather Tel: +44 (0) 141 314 8121 ENDS About Ormonde Ormonde Mining plc is quoted on the AIM in London and the IEX in Dublin.Ormonde is a mineral development and exploration company focused on Spain, withthe objective of developing mining projects and taking them into production. For more information please visit www.ormondemining.com. This information is provided by RNS The company news service from the London Stock Exchange