Directorate Change

RNS Number : 9530X

GCM Resources PLC

25 August 2009

GCM Resources plc

(AIM:GCM) 25th August 2009

GCM Resources plc Appoints Mr Greg James as Non-Executive Director

GCM Resources plc ('GCM') announced today that Mr Gregory James will be joining the Board of GCM as a Non-Executive Director with effect from 25 August 2009. Mr James will be a member of the Audit Committee and Chair the Remuneration Committee.

Mr James was previously CEO of Central Rand Gold Limited including the period of significant growth leading up to its listing on the London Stock Exchange in November 2007. Previously he held a number of roles with Glencore including Chief Financial Officer of its Coal Division.

Gerard Holden, GCM's Chairman said:

'We are delighted to have a person with Greg's experience and capability join the Board. Greg has worked in the mining industry for many years and in addition to his commercial expertise Greg brings with him experience of developing comprehensive community programmes and managing relationships with a wide range of stakeholders. Greg will further enhance the capability of GCM's board.'

Additional information

The information detailed below is disclosed in accordance with Rule 17 and Schedule Two of the AIM Rules. Except for the information disclosed below, there is no other information which falls to be disclosed under these rules.

Part of Greg James's remuneration includes an amount of fees equal to the mid market trading price on the date of issue of 25,000 ordinary shares in GCM in the first year of his appointment and 15,000 shares and 10,000 shares in the second and third years of his appointment respectively. The fees will not be paid to Mr James but will be satisfied by the issue of the above shares in quarterly installments in arrears on defined dates. The Directorships and past Directorships of Mr Gregory David James (aged 45) are listed below:

Current Directorships and Partnerships
Depston 1 (Pty) Ltd	Lakeside City Trading 140 (Pty) Ltd
3 Rugby Close (Pty) Ltd	McMurchie Plumbing CC
Akp Trading 79 (Pty) Ltd	Melody Street Trading 18 (Pty) Ltd
Any Name 507 (Pty) Ltd	Milbloem 45 (Pty) Ltd
Bay Drive Trading 149 (Pty) Ltd	Mobirecipes (Pty) Ltd
Canyon Springs Investments 184 (Pty) Ltd	Pezula Private Estate (Pty) Ltd
Celtic Rose Investments 18 (Pty)	Point Blank Trading 215 (Pty) Ltd
Circle Way Trading 91 (Pty) Ltd	Prozone Sa (Pty) Ltd
Circle Way Trading 93 (Pty) Ltd	Rand Quest Syndicate Ltd
Circle Way Trading 95 (Pty) Ltd	Sagitta Group (Pty) Ltd
Crg Water (Pty) Ltd	Sagitta Management (Pty) Ltd
Cross Atlantic Properties 65 (Pty) Ltd	Strega Publishing (Pty) Ltd
Double Ring Trading 582 (Pty) Ltd	Valuline 152 (Pty) Ltd
Evening Star Trading 825 (Pty) Ltd	Western Province Professional Cricket (Pty) Ltd
Itekeng Marketing (Pty) Ltd	Batavia plc

Past Directorships
Before The Wind Investments 209 (Pty) Ltd	Central Rand Gold South Africa (Pty) Ltd
Central Rand Gold Limited	Hometrad 0018 (Pty) Ltd
Honovi Properties 58 (Pty) Ltd
Mac Mac Building (Pty) Ltd