Rockfire Regulatory News (ROCK)

7 June 2018

Papua Mining plc

("Papua" or "the Company")

Board Changes

The Board of Papua Mining (LON: PML), announces that Michael Somerset-Leeke, Hugh McCullough and Kieran Harrington have resigned from the Board, effective immediately. All three retiring directors have been associated with the Company since its admission to trading on AIM in March 2012 and the Company is grateful for their valuable contributions and extensive efforts in that time.

With an exciting portfolio of projects in Queensland, Michael Somerset-Leeke, Hugh McCullough and Kieran Harrington feel that now is an appropriate time to step back from the day-to-day affairs of the Company and to welcome new leadership for the management and future direction of the Company. Each has expressed his continuing support for the Company.

Shareholders are advised that following the resignations of Mr Harrington and Mr McCullough, Ordinary Resolutions 2 and 3 in the up-coming Annual General Meeting to be held on Monday 18th June at 12 pm will be withdrawn. It is the Company's intention to appoint a further Non-Executive Director to the Board as soon as practicable and the Board remains committed to maintaining high standards of corporate governance. 

The Company welcomed the appointment on 6 June 2018 of Gordon Hart as a Non-Executive Director. Following the resignation of Michael Somerset-Leeke, Mr Hart will assume the role of Non-Executive Chairman of the Company.

David Price, Chief Executive Officer of Papua Mining plc, commented: "I would like to state my appreciation to each of Hugh, Mike and Kieran for their service and contribution to the Company over many years. I would also like to thank Mike in his capacity as a major shareholder of Papua for his long term support and input."

For further information on the Company please visit www.papuamining.com or contact the following: