URU Metals Limited Regulatory News (URU)

25 Feb 2008 10:23

Niger Uranium Limited25 February 2008 For immediate release 25 February 2008 Niger Uranium Limited ("Niger Uranium" or "the Company") Changes to the Board Niger Uranium (AIM: URU) is pleased to announce that it has appointed GordonCassidy, already Chief Financial Officer, as a director of the Company andFinance Director with immediate effect. Mr Cassidy, aged 62, has spent twenty years in Africa and has worked in Zambia,Kenya, Nigeria, Zaire and Mozambique. He transferred back to the United Kingdomin 1987, where he held the position of UK Finance Director with Crown Cork andSeal Co. Inc, a leading metal packaging manufacturer. He was also a FinanceDirector at a private hospital operated by BMI, the UK's leading provider ofacute care private medical facilities. Previously, Mr Cassidy was GroupFinancial Controller for UraMin Inc. Neil Herbert, Non-Executive Director, has resigned with immediate effect inorder to focus his attention on other business interests. Following these changes the composition of the Board is: James Mellon - Non-Executive ChairmanIan Stalker - Executive Deputy Chairman & Chief Executive OfficerGordon Cassidy - Finance DirectorMarek J Kreczmer - Non-Executive DirectorWayne G Beach - Non-Executive DirectorJohn P Lynch - Non-Executive Director Gordon Cassidy, has had the following directorships in the past five years: Current Directorships: Past Directorships: Templar Minerals Limited UraMin (UK) Limited There are no further details in relation to the above appointment which requiredisclosure under paragraph (g) (iii) to (viii) of Schedule 2 to the AIM Rules. Gordon Cassidy is interested in 39,561 ordinary shares of US$0.01 par value eachin the capital of the Company ("Ordinary Shares"). In addition, Gordon Cassidyhas options over 500,000 Ordinary Shares at an exercise price of 37 pence perOrdinary Share. The options granted above vest in three equal annualinstallments commencing on 30 January 2008 and will expire unless exercised onor before 30 January 2018. For further information: Niger Uranium LimitedIan Stalker, Executive Deputy Chairman andChief Executive Officer Tel: +27 82 455 3442James Mellon, Non-Executive Chairman Tel: +44 7770 756471Gordon Cassidy, Finance Director Tel: +27 79 872 7587 Beaumont Cornish LimitedRoland Cornish / Michael Cornish Tel: +44 (0)20 7628 3396 Financial DynamicsBen Brewerton / Edward Westropp Tel: +44 (0)20 7269 7230 ENDS This information is provided by RNS The company news service from the London Stock Exchange