7th Jan 2008 09:58
Allied Gold Limited07 January 2008 For immediate release 7 January 2008 Allied Gold Limited ("Allied Gold" or the "Company") Appointment of CEO - Proposed Director and Resignation of a Director The Board of Allied Gold is pleased to advise that Mr Richard Johnson has,today, been appointed as Chief Executive Officer of the Company and it isproposed that he be appointed as a Director of the Company in due course. Mr Johnson graduated in Mining Engineering from Imperial College of Science andTechnology, Royal School of Mines in 1972. He also received a postgraduate GDEin Mining from Wits University. Richard is a Fellow of the AusIMM. Mr Johnson held various production management positions in JohannesburgConsolidated Investment Co Ltd (JCI) at its gold and platinum mines between 1973and 1979. Whilst with JCI, Richard also worked in the group's Finance Divisionresponsible for financial modelling and valuation of new capital projects. From 1980 to 1989, Mr Johnson was an executive director of Golden Dumps Pty Ltdthat managed several listed gold mines in South Africa, including SouthRoodepoort Main Reef Areas Ltd and Consolidated Modderfontein Mines Ltd. Mr Johnson then established himself as an independent mineral industryconsultant in Brisbane, Queensland servicing listed Australian companies withassets both in Australia and internationally. Mr Johnson joined DRDGold Ltd at the beginning of 2002 with a specific brief tolook at growth projects. This led to being responsible for growth in theAustralasian region and also the management of Tolukuma Gold Mine in Papua NewGuinea on a full time basis. Following this he was appointed as DRDGoldDivisional Director Australasia and a Director of Emperor Mines Ltd. He wasclosely associated with the successful reversal of DRDGold's PNG assets intoEmperor to create a mid-tier Australian growth vehicle in the gold sector. The Board of Allied Gold Limited believes Mr Johnson's long association withmining projects in Papua New Guinea and his knowledge of the Simberi project,having reviewed it in his prior positions, will bring considerable value to theCompany. Furthermore, Mr Johnson is well regarded in PNG mining circles and hasformed excellent relationships with government and the broader community,including landowner groups. Mr Johnson will initially work closely with the current Executive Chairman, MrMark Caruso to ensure a smooth transition, following which it is expected thatMr Caruso will assume the position as Non-Executive Chairman of the Company. The Board of Allied welcomes Mr Johnson to the Company and looks forward to hiscontribution to the next phase of the Companies growth and development into asignificant gold producer. The Board also advises of the resignation, today, of Mr Grant Brock as aDirector and Chief Operating Officer of the Company with immediate effect. TheBoard would like to thank Mr Brock for his efforts and contribution to thedevelopment of the Simberi Oxide Gold Project and wish him well in his futureendeavours. ENDS For further information, please contact: Mark Caruso Tel: +61 8 93533638Managing Director Roland Cornish Tel: 0207 628 3396Beaumont Cornish Limited Authorised for release on AIM. Peter Torre Company Secretary Allied Gold Limited This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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