Board Appointments

CIC Mining Resources Ltd.

("CIC" or the "Company")

Board appointments

CIC (AIM: CICR), the consulting and advisory firm operating primarily in the mining and energy infrastructure sectors, is pleased to announce the appointment of Mr. Jinliang Li (David) as a Non-Executive Director of the Company. Mr. Li will act as Chief Financial Officer and will join the Audit and AIM compliance committees.

CIC is also pleased to announce that Mr. Malcolm Bell has agreed to join the Board as a Non-Executive Director subject to cease trade orders in Canada, which relate to Canadian regulatory disclosures, being lifted. Mr. Bell will also join the Audit and AIM compliance committees.

Mr. Jinliang Li, (David) age 47 

Mr. Jinliang Li has been appointed a Non-Executive Director of the Company and Chief Financial Officer (CFO).

Mr. Li is a member of the UK Association of Chartered Accountants (ACCA) and is a Certified Enterprise Risk Manager in Asia. Mr. Li graduated from the Renmin University China in Accounting in 1987 and, in 2008, gained a Master's in Business Administration from the University of East London. Mr. Li served as the General Supervisor of the Financial and Investment Centre of Hopson Group Limited (listed on the main board of Hong Kong Stock Exchange), the general supervisor of the Department of International Finance of China Oilfield Technology (listed on the main board of Singapore Stock Exchange), the Chief Financial Officer of European Food Trading (UK) Co. Ltd. and the director of the financial department of the Engineering and Technology Research Institute of China National Petroleum Corporation  (CNPC).

Mr. Li assisted in the listing of China Oilfield Technology in Singapore. Mr. Li is experienced in international capital markets, IPOs, listing regulations and laws in Hong Kong and Singapore, international accounting principles and company management. Mr. Li studied and worked in accounting and senior financial management in the UK for 8 years and has a good understanding in UK company law, accounting principles and taxation.

Mr. Malcolm Bell, age 62

Mr. Bell will be appointed as a Non-Executive Director of the Company following the lifting of the cease trade orders in Canada.

Mr. Bell is the Managing Director of Malcolm Bell & Associates Ltd., a private Vancouver, BC company that arranges and sources capital for private and public companies engaged in mining, renewable energy and technology ventures. Mr. Bell has over 30 years of industry experience either as principal, senior officer or director. In 1980, he founded Hi-Tec Resource Management Ltd, a minerals exploration consulting company. In 1986, he founded the International Investment and Business Opportunities Exposition, the first trade show of its kind in Vancouver that provided private and public companies the opportunity to showcase themselves to an international audience. In 1997, he co-founded British Canadian Mines Ltd, the largest privately held mineral exploration company in Newfoundland, and subsequently completed a $13 million reverse merger into publicly-traded Canaco Resources Ltd. In 2002, he helped negotiate a $20 million merger between Olympic Resources and Whittier Energy Corp, and in 2003, he co-founded PB Energy Partners an oil and gas exploration partnership. In 2006, he co-founded Linear Power Ltd and Greenwell Renewable Power Corporation.

Mr. Bell is President of the St. Andrews and Caledonian Society, City of Vancouver, and is a member of the Vancouver Club.

Further information pursuant to Schedule 2(g) of the AIM Rules

Mr. Jinliang Li has, or has held within the last 5 years, the following directorships or partnerships:

Current: Venturepharm Group (China）Corp.

Venturepharm Laboratories Limited

Previous: None

Mr Malcolm Bell has, or has held within the last 5 years, the following directorships or partnerships:

Current: Western States Silver Ltd

Greenwell Renewable Power Ltd

Malcolm Bell & Associates Ltd

Previous: Linear Power Ltd

Save as set out in this announcement there are no other disclosures in respect of this appointment that fall to be made under Rule 17 or paragraph (g) of Schedule 2 to the AIM Rules for Companies.

Enquiries

CIC Mining Resources Ltd

The Company is a consulting and advisory company, operating primarily in the mining and energy infrastructure sectors. The Company seeks to provide consulting and advisory services to entities operating at various stages of resource development, and the exclusive right to control the public listing process of any client company if the client company is an unlisted company.

Mining and energy infrastructure companies or projects will include those involved in the exploration for, and extraction of, base metals, precious metals, bulk commodities, thermal and metallurgical coals, industrial metals, hydrocarbons, renewables and new technologies, including single-asset as well as diversified natural resources companies.

The core services provided by CIC Mining Resources are: the Advisory Service which provides a range of technical, project management, strategic and commercial services; the Strategic Investment Service which helps companies source investment from industry partners for which the Company will typically receive an equity interest; and Advice on Listings where the Company helps the client realise value by listing on a Stock Exchange. www.cicresources.com