Norseman Gold PLC Directorate Change (6054H)

TIDMNGL

RNS Number : 6054H

Norseman Gold PLC

13 July 2012

13 July 2012

ASX:NGX

AIM:NGL

NORSEMAN GOLD PLC

("Norseman Gold" or "the Company")

Appointment of Mr Kevin Maloney as Executive Chairman to the Board

and resignation of Mr Kelvin May

Norseman Gold wishes to advise the appointment of Mr Kevin Maloney as Executive Chairman to the Board. Mr Maloney is Chairman of the Tulla Resources Group of companies, which has now invested significantly in the future of Norseman both through direct funding through shares and convertible loan notes and also with the introduction of its associated company, L2 Project Management - Norseman Pty Ltd, as the manager and operator of the Norseman Gold Project.

Tulla Resources Group is the Australian owned investment group of the Maloney family. Based in Sydney, it was established in the early 1990s with an open mandate focusing on small to middle market listed companies, private equity, venture capital and debt. Tulla Resources Group has a track record of success from building and growing many businesses, including The MAC Services Group which is a mining services company that was listed on the ASX in April 2007 and sold to Oil States International in December 2010 for approximately $650m of which the Maloney family owned approximately 52% at the time of sale.

In addition to his directorship with the Company, Mr Kevin William Maloney,65, holds or has held the following directorships/partnerships within the five years immediately prior to the date of this announcement:

 
 Current Directorships/Partnerships    Past Directorships/Partnerships 
------------------------------------  --------------------------------- 
 Altona Mining Limited (ASX            Aquacrab Systems Australia 
  Listed)                               Pty Limited 
------------------------------------  --------------------------------- 
 Australian Global Education           Bowen Aquaculture Centre Limited 
  & Training Group Pty Ltd 
------------------------------------  --------------------------------- 
 Balmoral Group Finance Pty            Fish 'N Fresh Delites Pty Ltd 
  Ltd 
------------------------------------  --------------------------------- 
 Balmoral Group Investments            MSL Nominees (Karratha) Pty 
  Pty Ltd                               Ltd 
------------------------------------  --------------------------------- 
 Baxter Group Holdings Pty Ltd         MSL Nominees Pty Ltd 
------------------------------------  --------------------------------- 
 Baxter Group Investments Pty          Northern Energy Corporation 
  Ltd                                   Ltd (ASX Listed) 
------------------------------------  --------------------------------- 
 Belgravia Associates (NSW)            Queensland Mining Corporation 
  Pty Ltd                               Ltd (ASX Listed) 
------------------------------------  --------------------------------- 
 Fobixi Pty Limited                    Southern Districts Rugby Club 
                                        Limited 
------------------------------------  --------------------------------- 
 Fraters Nominees Pty Ltd              The MAC Linen Services Pty 
                                        Ltd 
------------------------------------  --------------------------------- 
 JLM Logistics Group Pty Ltd           The MAC Services Group Limited 
                                        (Formerly ASX Listed) 
------------------------------------  --------------------------------- 
 JLM Transport & Logistics Pty         GA Travel Pty Ltd 
  Ltd 
------------------------------------  --------------------------------- 
 K2 Resource Services Pty Ltd          Stuartsimon Pty Ltd 
------------------------------------  --------------------------------- 
 L2 Drilling Pty Ltd 
------------------------------------  --------------------------------- 
 Marley Holdings Pty Ltd 
------------------------------------  --------------------------------- 
 MG Resources Pty Ltd 
------------------------------------  --------------------------------- 
 Millward Holdings Pty Ltd 
------------------------------------  --------------------------------- 
 Pacific Travel Services Pty 
  Ltd 
------------------------------------  --------------------------------- 
 Paget Developers Pty Ltd 
------------------------------------  --------------------------------- 
 Phoenix Consolidated Pty Ltd 
------------------------------------  --------------------------------- 
 Rosebery Nominees Pty Ltd 
------------------------------------  --------------------------------- 
 Secondsout Pty Ltd 
------------------------------------  --------------------------------- 
 Segenhoe Group Pty Ltd 
------------------------------------  --------------------------------- 
 Segenhoe Stud Australia Pty 
  Ltd 
------------------------------------  --------------------------------- 
 Segenhoe Thoroughbreds Australia 
  Pty Ltd 
------------------------------------  --------------------------------- 
 Sutton Forest Quarries Pty 
  Ltd 
------------------------------------  --------------------------------- 
 Swaffham Logistics Park No. 
  1 Pty Ltd 
------------------------------------  --------------------------------- 
 Swaffham Logistics Park No. 
  2 Pty Ltd 
------------------------------------  --------------------------------- 
 Tarilo Pty Ltd 
------------------------------------  --------------------------------- 
 THEMAC Resources Group Limited 
  (Canada) (Toronto Venture Exchange 
  Listed) 
------------------------------------  --------------------------------- 
 Tulla Capital Management Pty 
  Ltd 
------------------------------------  --------------------------------- 
 Tulla Capital Partners Pty 
  Ltd 
------------------------------------  --------------------------------- 
 Tulla Group Pty Ltd 
------------------------------------  --------------------------------- 
 Tulla Property Partners Pty 
  Ltd 
------------------------------------  --------------------------------- 
 Tulla Resources Group Pty Ltd 
------------------------------------  --------------------------------- 
 Tulla Venture Partners Pty 
  Ltd 
------------------------------------  --------------------------------- 
 Walford Consolidated Pty Ltd 
------------------------------------  --------------------------------- 
 Whitesmiths Group Pty Ltd 
------------------------------------  --------------------------------- 
 

Mr Maloney was a director of Bowen Aquaculture Centre Limited which was placed into administration by its directors in order to liquidate its assets following a decision by them that it had failed to achieve its business objectives

There is no further information to be disclosed in relation to Mr Maloney pursuant to Schedule 2 (g) of the AIM Rules for Companies.

Mr. Kelvin May has resigned as a director of the Company for personal reasons. Mr May was appointed to the Board in February 2012, and has worked with the Company as its Chief Financial Officer since January 2008. The Board thanks Mr May for his contribution during this period.

* * ENDS * *

For further information visit www.norsemangoldplc.com, email [e-mail] or contact:

David Steinepreis Norseman Gold Plc. Tel: [phone]

William Vandyk / Rod Venables Northland Capital Partners Ltd Tel: [phone]

Guy Wilkes Ocean Equities Ltd Tel: [phone]

Susie Geliher / Hugo de Salis St Brides Media & Finance Ltd Tel: [phone]

Notes

Norseman Gold plc is an AIM and ASX listed Australian gold production company, which operates the 2,360 sq km Norseman Gold Project, Australia's longest continually running gold mine. Located in the Eastern Goldfields of Western Australia in the highly prospective Norseman-Wiluna greenstone belt, the project currently has a total resource inventory of 3.4 million ounces of gold at an average grade of 4.7 g/t.

This information is provided by RNS

The company news service from the London Stock Exchange

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