Company Announcements

Appointment of Non-Executive Director

By March 31, 2012 No Comments
29 March 2012

Papua Mining plc

(“Papua Mining” or “the Company”)

Appointment of Non-Executive Director

Papua Mining, the AIM-listed company focussed on the exploration for gold and copper deposits in Papua New Guinea, announces the appointment of Mr. Keith Geddes Lough, aged 53, as a Non-Executive Director of the Company and Chairman of the Audit Committee with immediate effect. Mr. Lough will also be nominated to the Company’s Remuneration Committee.

Mr. Lough is a Fellow of the Association of Chartered Certified Accountants and has over 30 years of experience in the natural resources sector in both senior finance and general management roles.

Mr. Lough was previously CEO of Hutton Energy and CEO and Founder Shareholder of Composite Energy Ltd as well as Senior Independent Director and Chairman of Audit & Remuneration Committees for AIM-listed Rock Solid Images. Mr. Lough was appointed to lead the financial restructuring negotiations as Finance Director for British Energy Plc from 2001 to 2004.

Hugh McCullough, CEO, commented:  “Keith’s strong financial and corporate experience in natural resources will be an important addition to the Board.  He will also make a strong and highly qualified Chairman for our audit committee and contribute significantly to the remuneration committee.  We are delighted to welcome Keith to the Board”.

The following information is disclosed pursuant to Schedule two, paragraph (g) of the AIM Rules for Companies.

Current directorships:

RSI plc

Former directorships (past 5 years):

Dart Energy (Europe) Limited  – formerly Composite Energy Limited

Strzelecki Energia Sp.Zo.o

Dart Energy (Forth Valley) Limited – formerly Composite Energy (Forth Valley) Limited

Strzelecki Energia Prabuty Sp Zo.o

Dart Energy (West England) Limited – formerly Composite Energy (West England)  Limited

Strzelecki Energia Lukowska Sp.Zo.o

Dart Energy (East England) Limited – formerly Composite Energy (East England)  Limited

Strzelecki Energia Mazowiecka Sp.Zo.o

Dart Energy (Lothian) Limited – formerly Composite Energy (Lothian) Limited

Strzelecki Energia Mazowiecka Sp.Zo.o

Dart Energy (Carbon Storage) Limited – formerly Composite Energy (Carbon Storage ) Limited

Strzelecki Energia Warzawa Sp.Zo.o

 

Dart Energy (Poland) Sp.zo.o – formerly Dart Energy (Poland) Sp.zo.o

Strzelecki Energia Wolomin Sp.Zo.o

Rigdown Limited – formerly Geometric Drilling Limited

Hutton Energy plc

There is no other information required to be disclosed under Schedule two, paragraph (g) of the AIM Rules for Companies.

Ends.

Papua Mining plc

Hugh McCullough CEO

+353 1532 9535

Cenkos Securities – Nominated Adviser & Broker

Beth McKiernan/Ken Fleming

+44 131 220 6939

+44 207 397 8900

Square1 Consulting – Financial Public Relations

David Bick/Mark Longson

+44 207 929 5599

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