Archipelago Resources PLC RESIGNATION OF DIRECTOR (1773B)

TIDMAR.

RNS Number : 1773B

Archipelago Resources PLC

02 April 2013

2 April 2013

AIM: AR.

Archipelago Resources plc

("Archipelago" or "the Company")

RESIGNATION OF DIRECTOR

Archipelago announces that Mr Eddy Porwanto Poo has resigned as a non-executive Director of the Company to pursue other business interests. His resignation is with effect from 31 March 2013.

The Board takes this opportunity to thank Mr Porwanto for his contribution to the development of Archipelago.

FURTHER INFORMATION

 
 
   Archipelago Resources 
   plc 
   Vice President - Corporate 
   Affairs 
   Matthew Salthouse               [phone]                           [phone] 
                                                   Canaccord Genuity 
                                                    Limited 
                                                    Joint Broker 
                                                    Andrew Chubb 
                                ---------------- 
 Grant Thornton Corporate 
  Finance 
  NOMAD 
  Gerry Beaney                   [phone] 
  David Hignell                   5100 
                                ----------------  ----------------------  --------------- 
                                                   Liberum Capital 
   Buchanan                                         Limited 
   Corporate Communication                          Joint Broker 
   Bobby Morse                     [phone]        Michael Rawlinson 
   Gordon Poole                    5000             Christopher Kololian   [phone] 
                                ----------------  ----------------------  --------------- 
 

ABOUT ARCHIPELAGO

Archipelago is a producing mining company listed on the AIM market of the London Stock Exchange. Archipelago's vision is to grow into a respected and regionally dominant mid-cap gold producer, managing a portfolio of gold mines and delivering significant value and returns for shareholders. Archipelago's principal activities are gold mining and exploration in Indonesia (as the 95% owner of the producing Toka Tindung Gold Mine in North Sulawesi, Indonesia). In 2013, Archipelago expects to produce between 140,000 and 155,000 Au Eq oz at a cash cost of between US$620 and US$680 per ounce (net of silver credits).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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