Shearwater Regulatory News (SWG)

6 Sep 2005 07:03

Aurum Mining PLC06 September 2005 For immediate release 6 September 2005 AURUM MINING plc ("Aurum" or "the Company") Appointment of Non-Executive Director Aurum Mining plc (AIM: AUR), the company formed last year to acquire gold andother mineral extraction projects in the Former Soviet Union (FSU), is pleasedto announce the appointment as a Non-Executive Director of Colin Joseph Knight,a highly experienced mining professional. Dr Knight's formidable international mining experience has been gained throughalmost five decades in the industry and spans academia, executive industry rolesand consultancy. His experience of project evaluation in the FSU will be ofparticular value to the Company. Dr Knight's early career, which followed UK military service, was dividedbetween the industrial and academic worlds. He worked in various mines in Canadabefore studying economic geology at the University of Toronto, where he gained aPhD in 1967. Following a post-doctoral research fellowship at the University ofOxford, he became Assistant Professor of Geology at Carleton University, Ottawa. He returned to industry by taking a position at Metallgesellschaft AG, becomingExploration Manager for Metall Canada, before joining the stockbroker McEwenSecurities as a mining analyst and mineral industry adviser. In 1974 he moved toLondon to join Rio Tinto plc, becoming Commercial Manager, Rio Tinto Finance &Exploration. Since 1983, Dr Knight has worked in consultancy. His assignmentshave included mineral sector reviews for the World Bank and technical andcommercial due diligence for mining projects worldwide, including the FSU. Dr Knight, age 71, is non-executive Chairman of the privately held companyLondon Mining plc. Commenting on Dr Knight's appointment, Sean Finlay, Aurum's Chairman, said: "Iam delighted to welcome Colin Knight to Aurum's Board as a Non-ExecutiveDirector. Colin's wealth of experience, built over many years in the industry,will be of great value to the Company. His experience of project evaluation inthe FSU is of particular relevance as Aurum continues to execute its strategy,stated at the time of flotation, of acquisitive growth." For further information: Aurum Mining plc Tel: 020 7478 9050Sean Finlay, ChairmanMark Jones, Chief Executive W H Ireland Tel: 0121 616 2101Tim Cofman Buchanan Communications Tel: 020 7466 5000Mark Court Notes for editors About Aurum Mining Aurum Mining joined the AIM market of the London Stock Exchange in May 2004 withthe strategy of seeking, evaluating and acquiring gold and other mineralextraction projects in the Former Soviet Union (FSU). In January 2005 theCompany completed its first acquisition, giving the Company an explorationlicence over a gold and copper project in the Kyrgyz Republic. In its StateRegister, the State Commission of Resources of the Kyrgyz Republic has included21.7 million tonnes of C1 and C2 reserves from the project, amounting to goldand gold equivalent of more than 1.5 million ozs. This information is provided by RNS The company news service from the London Stock Exchange