Announcement of New CEO

13 Apr 2006 07:01

Anglo Asian Mining PLC13 April 2006 ANGLO ASIAN MINING PLC ('Anglo Asian' or 'the Company') ANNOUNCEMENT OF NEW CHIEF EXECUTIVE Anglo Asian Mining PLC (AIM: AAZ), the gold and copper development company withprojects in Azerbaijan confirms that, Mr Gordon Lewis has agreed terms withAnglo Asian to take up the position of Chief Executive on 1 July 2006. Over the course of his career, Mr Lewis has worked as a senior mining executiveon a significant number of projects in emerging market locations. He iscurrently the Chief Operating Officer and an executive director of AlexanderMining PLC and is based in Argentina. He will become a non-executive directorof Alexander Mining once joining Anglo Asian as Chief Executive. Previously, hehad responsibility for Avocet Mining PLC's assets in Indonesia, which includedtaking the North Lanut gold mine from in-fill drilling through to production.In addition, he has gained experience with responsibility for the start up ofMalaysia's largest gold mine for Avocet Gold Limited and with the management ofvarious mining operations for RTZ. Mr Lewis is a Member of the Australasian Institute of Mining and Metallurgy andholds a First Class Mine Manager's Certificate, South Australia. Mr Mascall, the Chairman of Anglo Asian, commented 'We are delighted that Gordonis joining the Board as Chief Executive. His skills will be a major asset tothe Company and his appointment is further success in Anglo Asian's continuingstrategy of recruiting mining experience to the Board. We look forward towelcoming Gordon in July.' The information required under schedule two, paragraph (g) of the AIM rules willbe provided when Mr Lewis takes up his appointment. Options over Ordinary Shares of 1 pence have been awarded at an exercise priceof 42.5 pence per share on 12 April 2006 as follows; Mr Gordon Lewis 1,487,577 Mr Richard Round 495,859 Dr Ross Bhappu 123,965 All of the above options vest in equal instalments 12 months, 24 months and 36months, respectively, from the date of award or date of appointment if later.The options awarded to Gordon Lewis are conditional upon him taking up hisappointment. -Ends- For further details, please contact: Anglo Asian Mining PLC Charles Hancock, Chief Executive +44 20 7409 3232 Richard Round, Finance Director +44 20 7409 3232 Numis Securities Limited John Harrison +44 20 7776 1590 Parkgreen Communications Justine Howarth +44 20 7493 3713 Victoria Thomas +44 20 7493 3713 This information is provided by RNS The company news service from the London Stock Exchange