Changes at the top for North River Resources

Changes at the top.

North River, the AIM quoted resource company focused on the Namib Lead-Zinc Mine in Namibia, has announced the following changes to the Board:

James Beams has been appointed to the Board as an Executive Director with immediate effect. Mr Beams joined the Company in January 2015 and will assume the role of Chief Executive Officer going forward. James is also a director of the following companies forming part of the North River Resources group of companies: Namib Lead and Zinc Mining (Pty) Ltd., North River Resources (Pty) Ltd, and West Africa Gold Exploration (Namibia) (Pty) Ltd.

James Beams commented, “I am pleased to join the Board of North River and look forward to playing my part in its transformation into a successful mining company. I am confident in the asset portfolio and believe in the team’s ability to deliver on our objectives to maximize value for shareholders.”

Independently, Brett Richards has advised that he will be moving abroad to take up new responsibilities and as a consequence has indicated his intention to step down from the Board post completion of the next phase of fund-raising. Brett has made an enormous contribution to the Company over the last two and a half years in his capacity as Senior Independent Director and has been instrumental in guiding the Company forward towards an investment decision on the Namib project.

The Company has asked Strand Hanson Limited, its Nominated Adviser, to commence the search for a replacement independent director.

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