TIDMBZM

RNS Number : 5365X

Bellzone Mining PLC

13 August 2018

Bellzone Mining plc

(the "Company")

Directorate Change

Bellzone Mining plc (AIM: BZM) announces the following changes to the directors' respective Board roles, which have immediate effect.

After serving as Chairman since 2010, Michael Farrow will step down as Chairman and remain on the Board in the role of Non-Executive Director of the Company. Antony Gardner-Hillman, current Independent Non-Executive Director, will be appointed as Non-Executive Chairman of the Board. The Board has agreed that Simon Brickles, current Independent Non-Executive Director, will be appointed to the role of Senior Independent Director in addition to his existing responsibilities.

The composition of each of the Board Committees has also been amended and is confirmed as follows:

 
 Audit Committee          Simon Brickles (Chairman) 
                           Michael Farrow 
 Remuneration Committee   Michael Farrow (Chairman) 
                           Simon Brickles 
 Nomination Committee     Antony Gardner-Hillman (Chairman) 
                           Michael Farrow 
                           Simon Brickles

As announced on 31 July 2018, Julian Cheong resigned from the Board but remains as Chief Executive with executive responsibilities unchanged. The Board expects to be consulting with its major shareholder in early course with regard to the appointment of a new executive director.

Michael Farrow commented:

"It has been a great privilege to chair the Company over the last eight, most eventful, years. One overriding fact, however, is the size and quality of our Kalia iron ore deposits, as well as other minerals The Guinea Government has been constructive and open with us which has helped our progress over a number of significant hurdles including the very sad, but thankfully historic, incidence of Ebola. Our international management team and local workforce are diligent, committed and loyal for which I am most grateful. So too I wish to extend my thanks to our shareholders for their continued support and belief in our world class mining prospect for which the inevitable demand for steel will see come to fruition in the fullness of time.

I stand down in favour of Tony Gardner-Hillman in whom I have the utmost confidence."

For further information, please contact:

 
 Bellzone Mining plc 
 Simon Edwards                       +44 (0) 7767 492 712 
                                      simon.edwards@bellzone.com 
 
 WH Ireland Limited 
 Nominated Advisor & Joint Broker 
 James Joyce / Jessica Cave          +44 (0) 20 7220 1666 
 SVS Securities plc 
 Joint Broker 
  Tom Curran / Ben Tadd / Nick 
  Aitchison                            +44 (0) 20 3700 0100

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END

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August 13, 2018 02:00 ET (06:00 GMT)

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