Appointment of Technical Consultant

Alecto Minerals plc / EPIC: ALO / Market: AIM / Sector: Exploration & Development

17 October 2011

Alecto Minerals plc ('Alecto' or 'the Company')

Appointment of Technical Consultant

Alecto Minerals plc, the AIM listed resource investment company, is pleased to announce the appointment of Mr. Michael Smith, who has 30 years experience in developing resource assets, as the Company's Technical Consultant with immediate effect. His role will primarily focus on developing the Company's 3,855 sq km portfolio of gold and base metal assets across both Mauritania and Ethiopia, as well as the evaluation of future opportunities.

Mr. Smith is a professional engineer with strong technical acumen and a solid network of contacts in the investor community having held directorship positions across a range of resource companies. He is currently Chairman and Chief Executive Officer of Anglo African Minerals Plc, which has gold, diamond and bauxite interests across Guinea and Sierra Leone. 

Mr. Smith previously held corporate roles at Lesotho Diamond Corporation, Madagascar Oil Limited and RockTron plc. He has also been actively involved in the mining finance community and held an executive position in the emerging markets finance division of Investec Bank Ltd in Johannesburg and established its mining and resource finance team in London. Additionally, he was Director of Resource Advisory Partnership Ltd, an FSA regulated advisory company focussed on projects in sub-Saharan Africa. 

Alecto Managing Director Damian Conboy said, "We are delighted to welcome Michael to the Alecto team as Technical Consultant, particularly as we move into phase three of our exploration programme at our Mauritanian copper/gold assets and prepare to commence drilling. With exploration to date in Mauritania pointing to the encouraging prospectivity of the licences, we look forward to gaining from Michael's vast experience in developing these, as well as our Ethiopian resource assets."

**ENDS**

For further information, please visit www.alectominerals.com or contact:

Notes:

Alecto Minerals Plc is an AIM listed exploration company focussed on Africa with a diverse portfolio of exploration assets in Mauritania and Ethiopia. In Mauritania, it has three gold and base metal development licences totalling 1,902 sq km and two uranium licences totalling 1,592 sq km in the highly prospective Mauritanide mobile belt. It also holds the 1,953 sq km gold exploration licence in the highly prospective Aysid-Metekel region of north western Ethiopia. 

The Company is committed to conducting exploratory work across its portfolio, designed to strengthen its knowledge of the assets and delineate targets for further exploration. In tandem, the Board continues to evaluate a number of synergistic assets to build shareholder value.