ASA Gold and Precious Metals Limited elected Bruce Hansen and Mary Joan Hoene as new independent directors at the annual general meeting of shareholders held on March 13, 2014. Mr. Glynn was subsequently elected by the Board of Directors as Chairman of the Board. Michael Mead and Phillip Goldstein, decided not to stand for re-election to the board.

Mr. Mead joined the board in March 2010 and served as Chairman from January 2011 to March 2014. Mr. Goldstein served on the board from January 2008 to March 2014.