Directorate Change

SULA IRON & GOLD PLC - Directorate Change

PR Newswire

London, March 22

Sula Iron & Gold plc, an iron ore and gold exploration company focussed onSierra Leone, is pleased to announce the appointment of Gareth O'Donovan as itsnon-executive technical director.

Gareth O'Donovan is a Corporate Consultant Geologist (Exploration) with over 27years' experience in mining and exploration projects in Africa, South America,the Russian Federation and Asia. He specialises in the design, implementationand management of exploration projects from grassroots to pre-feasibility inall terrains and environments, mobilising multi-disciplinary field teams, andmore recently reviews, competent person's reports, audits and valuations ofexploration and mining properties world-wide and in a variety of commodities.For the past ten years he has been Managing Director of SRK ExplorationServices Ltd.

Chairman Brian Moritz commented: "On behalf of the Sula Board, I am delightedto announce Gareth's appointment as our Technical Director. Gareth brings awealth of technical and commercial experience, which will be of significantbenefit, contributing to the excellent start of the planned explorationprogramme on the Company's iron and gold project in Sierra Leone, West Africa."

Further information pursuant to Schedule 2 (g) of the AIM Rules for Companies

Anthony Gareth O'Donovan, aged 51, has, or has held within the last 5 years,the following directorships or partnerships:

Save as set out in this announcement there are no other disclosures in respectof this appointment that fall to be made under Rule 17 or paragraph (g) ofSchedule 2 to the AIM Rules for Companies.

Felicity Edwards/ Charlotte St Brides Media and Finance +44 (0) 20 7236 1177Heap