28 July 2008
Golden Prospect Precious Metals Limited
(the 'Company')
Re: Change in Investment Manager
The Directors wish to announce that they are considering the appointment of CQS Cayman Limited Partnership and New City Investment Managers Ltd (CQS Group) as new investment managers.
CQS Group is a leading alternative asset manager with assets of $9.8bn under management and advice. New City Investment Managers Limited manages or advises four investment companies specialising in resources.
A further announcement will be made in due course.
All Enquiries:
Gillian Newton/Andrew Maiden
Northern Trust International Fund Administration Services (Guernsey) Limited
Company Secretary
Tel: +44 (0) 1481 745 341 / +44 (0) 1481 745 368
Collins Stewart Europe Limited
Nomad
Hugh Field
+44 20 7523 8325