Serabi Regulatory News (SRB)

19 Jan 2007 10:30

Serabi Mining plc19 January 2007 SERABI MINING plc ("Serabi" or "the Company") APPOINTMENT OF TECHNICAL DIRECTOR The Board of Serabi is pleased to announce the appointment of Mr Michael Hodgsonas Technical Director (Executive) of the Company. Mr Hodgson will assumetechnical responsibility for operational matters of the Company's Palito goldmine, new projects and opportunities. Working in the industry for over 20 years, Mr Hodgson has extensiveinternational mining experience as a senior executive and consultant. Mostrecently Mr Hodgson worked as Chief Operating Officer and Vice PresidentTechnical Services for Canadian based Orvana Minerals Corporation, where hesuccessfully improved results at their 80,000 oz p.a. underground gold mine inBolivia. Immediately prior to that he provided consulting services to a numberof mining companies in Europe and South America. Previous appointments includedvarious senior technical appointments, including Manager Technical Services andOperations for TVX Gold Inc.'s base metal operation in Greece, Mining TechnicalConsultant at ACA Howe International Ltd. and other similar roles at Rio Tintoplc and Zambia Consolidated Copper Mines Ltd and has during his career acquiredextensive experience in narrow vein underground mining operations. Originally qualified in mining geology, Mr Hodgson is a Fellow of the Instituteof Materials, Minerals and Mining, a Chartered Engineer of the EngineeringCouncil of UK and a "Qualified Person" in accordance with the Canadian NationalInstrument 43-101 - Standards of Mineral Disclosure for Mineral Projects. The Board considers that Mr Hodgson's experience will bring significant benefitsto improving and growing the Company's interests in Brazil. His appointmentmarks the first addition to the board since listing on the London AIM market inMay 2005 and reflects the expanding interests and demands as the Company seeksto grow its production and develop new opportunities. Commenting on the appointment, Graham Roberts, the Chairman of Serabi said: "We are pleased to welcome Mike to the Board of Serabi at a time when theCompany is poised to grow further, based on an already strong strategic andproduction position achieved over the past two years. His previous experience isparticularly relevant to our operations and will provide substantial impetus tothe development of Serabi's projects in Brazil. His appointment will bothstrengthen the Board as well as provide key day-to-day guidance in order tooptimize and develop our operations further." The following disclosures are made in respect of Mr Hodgson: Other current directorships and partnerships: NoneDirectorships and partnerships held in the last five years: None Save as disclosed above there are no further disclosures required to be made inaccordance with Section 2 (g) of the AIM rules. Mr Hodgson has been granted options in accordance with the Company's Long TermIncentive Plan (the "Plan") over 600,000 ordinary shares of 10 pence each,exercisable at 32.25 pence. Subject to the conditions set out in the Plan theseoptions may be exercised up until 18th January 2017. Enquiries Serabi Mining plc Numis Securities LimitedGraham Roberts Tel: 020 7220 9550 John Harrison Tel: 020 7776 1500Chairman Mobile: 07768 902475 James Black Tel: 020 7776 1500 Clive Line Tel: 020 7220 9553 Parkgreen CommunicationsFinance Director Mobile: 07710 151 692 Simon Robinson Tel: 020 7851 7480 E-mail: contact@serabimining.com Clare Irvine Tel: 020 7851 7480Website: www.serabimining.com clare.irvine@parkgreenmedia.com This information is provided by RNS The company news service from the London Stock Exchange