Stratmin Global Resources Regulatory News (STGR)

16 February 2016

StratMin Global Resources Plc

("StratMin" or the "Company")

Board Changes

StratMin Global Resources Plc (AIM: STGR), London's only listed graphite production and exploration company, announces that with the continued drive to cut corporate costs the Board has been reduced to three directors. Mr Laurie Hunter, Non-executive Chairman, and Mr Jeffrey Marvin, Non-executive Director, have stepped off the board of the Company (the "Board") with immediate effect. Mr Brett Boynton, currently Chief Executive Officer, will assume the role of interim Executive Chairman and Chief Executive Officer. Mr Shishir Poddar remains as an Executive Director and Mr David Premraj as a Non-executive Director.

Mr Hunter's extensive connections and experience in Madagascar have been of great value to the Company. He successfully steered the Board during the transition from exploration to production and we wish him well and thank him for his contribution to the development of StratMin.

Mr Marvin is a director of Bass Metals Ltd ("Bass") (ASX:BSM), which holds a 6.25% interest in the Company's 93.75% subsidiary, Graphmada Mauritius. Mr Marvin will step into an executive role with Bass to assist in completing the investment agreement between Bass and StratMin first announced on 2 September 2015 (the "Investment Agreement"). The terms of the Investment Agreement restrict common directors in acting in an executive capacity for either StratMin or Bass and Mr Marvin has therefore stepped off the StratMin Board to avoid any potential conflict in this transaction. The Company looks forward to a continued working relationship with Mr Marvin in his new role at Bass.

Brett Boynton, Executive Chairman and CEO, commented

"Once again, on behalf of the Company, I would like to thank Laurie and Jeff for their commitment to Stratmin over the years which has seen the company successfully transition from developer to producer. We wish Laurie well in his new ventures and look forward to seeing Jeff in his executive capacity at Bass." 

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