Resignation of Director

27 Aug 2013 11:32



27 August 2013

Herencia Resources plc

Resignation of Director

Herencia Resources plc (AIM:HER) wishes to advise that effective 31 August 2013, Michael Bohm will be stepping down from the Board of Herencia Resources plc due to increased external work commitments.

Michael Bohm stated:

"I have thoroughly enjoyed working with the Board, with our shareholders, with our partners and on a personal note, with Graeme and our first class Chile-based management team. It is with much sadness that I have taken this decision.

Whilst the project that I am focussed on here in Western Australia is absorbing much of my time, I will continue to support the team where practical. I remain a committed Herencia shareholder and believe the Company has both a great asset base and a bright future ahead of it under the excellent stewardship of Graeme, as can be seen from their achievements of the last 12 months. My seven years at Herencia has been a period which I will look back on with great memories and I continue to rank Chile as the premier mining destination globally."

Herencia's Managing Director Graeme Sloan stated:

"Leaving the Company that has been such a large part of his life over the past seven years was obviously a difficult decision for Mike, however with his need to focus more of his time on a new privately owned rare earth project here in Australia, I understand and fully support his decision.

On behalf of all shareholders, I would like to thank Mike for the support and direction he has provided to the Herencia team over the last seven years and to me personally over the last 15 months. Mike's operating knowledge of Chile, and the extensive contact base he has developed there, is an asset that we will continue to leverage off."

Herencia's Non-Executive Chairman John Moore commented:

"Mike and I, together with John Russell, joined the board of Herencia in 2006. In that time the Company has taken Paguanta from a prospect without a drill hole through the Resource, Scoping and Feasibility phases to a point where the Project is about to enter the permitting phase. In addition, the Guamanga Project has been acquired, drilled and advanced to the point where a major copper producer is looking to farm-in, and a new mining project in Picachos has been optioned by the Company.

Mike was involved with much of this work and was personally responsible for opening the office in Santiago and building the management team in Chile, whilst also securing Nyrstar as Herencia's largest shareholder. On behalf of the Board I wish to thank Mike for his efforts and commitment to Herencia and wish him all the best for his future endeavours".

For further information, please contact:

Graeme Sloan, Herencia Resources plc +61 8 9481 4204

Katy Mitchell, WH Ireland Limited +44 161 832 2174

Simon Courtenay, Broker Profile +44 207 448 3244

Further background details on the Company can be found at www.herenciaresources.com

**ENDS**