Directorate Changes

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

4 April 2013

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

Directorate Changes

Alecto Minerals plc, an AIM listed multi-commodity exploration and development company with projects in Ethiopia and Mauritania, is pleased to announce the appointment of Professor Mike Johnson as Chairman with immediate effect. His extensive experience and broad network of contacts in the mining sector will be highly beneficial to the Company as it advances its exploration activities in Ethiopia and Mauritanian. He succeeds Malcolm James who plans to step down from the Board to pursue other business interests.

Professor Johnson was Head of Environmental Science at the University of Liverpool for ten years until 2005. During this time he advised several international mining companies notably Rio Tinto plc, New Boliden SA. and Lundin Mining Corporation. Moreover, he was Chairman of Glebe Mines Ltd, which owned the principal fluorspar mining and quarrying company in Western Europe. He is currently on the Board of TSX-V listed Columbus Copper and is the chairman for AIM quoted African Mining and Exploration plc and Antracor Mining Ltd, a private company. 

Professor Johnson holds a number of advisory positions with national governments and international agencies, including the World Bank and United Nations' Environment Programme. He also advises Morgan Sindall plc and British Nuclear Fuels Ltd on environmental strategy and technology.

Director Holdings

Professor Johnson holds 14,813,706 ordinary shares in the Company giving a holding of 4.13 % of the issued share capital.

Resignation of Director

Mr Malcolm James has tendered his resignation from the board to pursue other business interests and steps down as Chairman with immediate effect.

Alecto Managing Director Damian Conboy said, "Mike has a strong reputation and technical skills within the mining sector and I am delighted to welcome him to the Board as Chairman. His experience of operating in Africa, in particular Ethiopia will be instrumental as we plan our upcoming work programmes for both our Mauritanian and Ethiopian projects. Moreover, I would like to take this opportunity to thank Malcolm James for his contribution to the Company over the recent years" 

Appendix I: AIM Rules disclosures

Professor Michael Stephen Johnson, aged 63, currently holds or has held the following directorships and partnerships in the last five years:

There are no other matters which are required to be announced as required under paragraph (g) of Schedule 2 of the AIM Rules.

**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 1,828 sq km in the highly prospective Mauritanide mobile belt and two uranium licences totalling 1,592 sq km. It also holds the 1,953 sq km gold exploration licence in the highly prospective Aysid-Metekel region of north western Ethiopia and the 945 sq km Wayu Boda gold licence in the mineral-rich Adola greenstone belt in southern 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.