Senior Management Appointment

10 April 2017

Pembridge Resources plc

("Pembridge" or "the Company")

Senior Management Appointment 

Pembridge Resources plc (LON: PERE), the AIM listed natural resource exploration and development company, announces that Mr Spencer Davey has been appointed as Vice President of Business Development with immediate effect.

Spencer Davey is a mining professional with 15 years' experience across Australia, China, Europe and the UK. He is the Director of Southsea Consulting, where he successfully led the AIM IPO for Saffron Energy plc, an Italian based gas producer, which completed earlier this year. He has also advised numerous clients, including Rio Tinto, on corporate finance and strategy initiatives. Prior to Southsea, Spencer was Business Development Manager at Fortescue Metals Group Limited, where he successfully advised on approximately US$1.3bn in transactions comprising acquisitions, asset divestments, and the establishment of a number of development joint ventures. Prior to joining Fortescue, Spencer spent five years at Momentum Partners where he advised a number of mining clients across Australia, principally in the areas of strategy and business improvement.

Spencer holds a Masters in Business Administration (MBA) from London Business School, and has Bachelors' Degrees in Mechatronics Engineering, Management, and Investment Finance.

David Linsley, Chief Executive Officer, commented:

'We are delighted to welcome Spencer as a member of the Pembridge team. He is a seasoned mining professional with extensive skill sets that fits our strategy and requirements.

"I look forward to working with him as we take Pembridge forward."

For further information on the Company, visit: http://www.chinaafricares.com/.

Under the AIM Rules for Companies, PERE is required to complete an acquisition or acquisitions that constitute(s) a reverse takeover within six months of becoming an AIM Rule 15 Cash Shell or it will face suspension from trading on AIM. The Directors intend to apply the Company's investing policy in seeking an acquisition or acquisitions that will constitute a reverse takeover but there can be no certainty that they will be able to do this in the specified time frame.