Anglo Asian Mining PLC
13 April 2006
ANGLO ASIAN MINING PLC
('Anglo Asian' or 'the Company')
ANNOUNCEMENT OF NEW CHIEF EXECUTIVE
Anglo Asian Mining PLC (AIM: AAZ), the gold and copper development company with
projects in Azerbaijan confirms that, Mr Gordon Lewis has agreed terms with
Anglo Asian to take up the position of Chief Executive on 1 July 2006.
Over the course of his career, Mr Lewis has worked as a senior mining executive
on a significant number of projects in emerging market locations. He is
currently the Chief Operating Officer and an executive director of Alexander
Mining PLC and is based in Argentina. He will become a non-executive director
of Alexander Mining once joining Anglo Asian as Chief Executive. Previously, he
had responsibility for Avocet Mining PLC's assets in Indonesia, which included
taking the North Lanut gold mine from in-fill drilling through to production.
In addition, he has gained experience with responsibility for the start up of
Malaysia's largest gold mine for Avocet Gold Limited and with the management of
various mining operations for RTZ.
Mr Lewis is a Member of the Australasian Institute of Mining and Metallurgy and
holds a First Class Mine Manager's Certificate, South Australia.
Mr Mascall, the Chairman of Anglo Asian, commented 'We are delighted that Gordon
is joining the Board as Chief Executive. His skills will be a major asset to
the Company and his appointment is further success in Anglo Asian's continuing
strategy of recruiting mining experience to the Board. We look forward to
welcoming Gordon in July.'
The information required under schedule two, paragraph (g) of the AIM rules will
be provided when Mr Lewis takes up his appointment.
Options over Ordinary Shares of 1 pence have been awarded at an exercise price
of 42.5 pence per share on 12 April 2006 as follows;
Mr Gordon Lewis 1,487,577
Mr Richard Round 495,859
Dr Ross Bhappu 123,965
All of the above options vest in equal instalments 12 months, 24 months and 36
months, respectively, from the date of award or date of appointment if later.
The options awarded to Gordon Lewis are conditional upon him taking up his
appointment.
-Ends-
For further details, please contact:
Anglo Asian Mining PLC Charles Hancock, Chief Executive +44 20 7409 3232
Richard Round, Finance Director +44 20 7409 3232
Numis Securities Limited John Harrison +44 20 7776 1590
Parkgreen Communications Justine Howarth +44 20 7493 3713
Victoria Thomas +44 20 7493 3713
This information is provided by RNS
The company news service from the London Stock Exchange