Directorate Change

RNS Number : 6471T

Electrum Resources PLC

30 September 2010

 



ELECTRUM RESOURCES plc
("Electrum Resources", "Electrum" or the "Company")

AIM: ECR

US OTC: MTGDY

DIRECTORATE CHANGE

London: 30 September 2010- Electrum Resources plc, the diversified mineral and renewable energy development company, announces that Mr Michael de Villiers, who has been Finance Director of the Company since 22 March 2004, has resigned his position for personal reasons, with effect from 30 September 2010.-

Further the Company wishes to announce that it has appointed Mr Stephen Clayson to the position of Chief Financial Officer. Mr Clayson, who has diverse experience in the mineral development sector, has worked closely with Electrum and in particular Mr de Villiers on the restructuring of Electrum over the previous two years and already plays a central role in the management of its operations.

Patrick Harford, Managing Director of Electrum Resources plc, comments:

"Michael de Villiers has made an immense contribution to Electrum since 2004 and has been instrumental in the success of the broad based restructuring of the Company that has taken place since 2008.

The whole Electrum management team offer their thanks to Michael for his contribution and wish him well in the future."

About Electrum

Electrum Resources plc is a diversified mineral and renewable energy development company which specialises in identifying undervalued projects and structuring them to maximise their development and capital raising potential. Electrum has a substantial interest in THEMAC Resources Group Ltd, a company listed on the TSX Venture Exchange. The primary objective of THEMAC Resources Group Ltd is to return the Copper Flat project, a former producing copper-molybdenum-gold-silver mine located in New Mexico, USA, to commercial production. Electrum also has solar energy interests in New Mexico along with numerous other promising assets elsewhere in the world.

For further information please contact:

Electrum Resources plc

Michael Silver, Chairman                                            Tel: [phone]

Patrick Harford, Managing Director                     

Email: [e-mail] 

Website:  www.electrum-resources.com

Daniel Stewart & Company plc

Oliver Rigby/Tessa Smith                                           Tel: + 44 (0) 20 7776 6550

Old Park Lane Capital PLC

Forbes Cutler, Director of Corporate Broking           Tel: [phone]

Bankside Consultants Ltd                                   

Simon Rothschild                                                       Tel: [phone]

Barry Kaplan Associates                                     

Larry Kaplan                                                                Tel: [phone]

 

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