International Mining & Infra Corp PLC : Director Appointments Significantly Strengthen IMIC Board

25 January 2012

Director Appointments Significantly Strengthen IMIC Board

International Mining and Infrastructure Corporation plc ("IMIC" or "the Company") (AIM: IMIC) is pleased to announce the appointment of Babacar Ndiaye, Andrew Macaulay and Rilwanu Lukman as Non-Executive Directors, with immediate effect.
Dr Rilwanu Lukman, KBE, is an internationally known and respected figure in the oil and gas industry, with over forty years of experience in that sector. He was the Honorary Advisor on Energy and Strategic Matters to the President of Nigeria, a former President and Secretary General of OPEC, a former Nigerian petroleum minister, Founder and Chairman of the African Petroleum Producers Association and one of the founders of Afren plc, a FTSE250 company. Dr Lukman holds a Bachelor of Science degree from the Royal School of Mines, Imperial College (London) and follow-on diplomas and certificates, including doctorates, from prestigious institutions including the University of Leoben (Austria), McGill University (Montreal), University of Bologna (Italy), Ahmadu Bello University and the University of Maiduguri in Nigeria. He was made an Officer of the Legion d'Honneur of France in 1990.
Dr Babacar Ndiaye is the Ambassador at large of Senegal. His professional career was predominantly with the African Development Bank. During his time there, he was awarded International Banker of the Year 1984 by the influential International Finance Review and served two terms as President. He is also a founder of the African Business Round Table ("ABR") and the African Export Import Bank ("Afreximbank"), a member of the African Forum of former African Heads of State and Government and other African leaders, a member of the Presidential Council for investment in Mauritania, a member of the Scientific Committee of Teresys Foundation and Chairman of the West African Observatory of Business Ethics. Dr Ndiaye is a chartered accountant, a graduate of l'Ecole Superieure de Commerce, Toulouse, l'Institut d'Etudes Politiques "Sciences Po", Paris, and Centre d'Etudes Bancaires et Financieres, Paris. Dr. Ndiaye was also awarded honorary doctorates by Clark Atlanta University, Atlanta Georgia and Lincoln University, Philadelphia.
Andrew Macaulay has over thirty years of experience in the African oil and gas and natural resources sector since the 1980s. He was a founding director and is currently the Executive Chairman of Continental Coal Limited (ASX: CCC), an established South African thermal coal producer with a wide portfolio of projects in South African major coal fields. He was appointed to the Board in May 2009. Andrew is currently Chairman and a shareholder of Blackstone Resources Ltd. He was previously an executive with HSBC Bank and holds a Bachelor of Science degree.
Welcoming the Non-Executive Directors, Haresh Kanabar, Non-Executive Chairman, commented "We are delighted that Dr Lukman, Dr Ndiaye and Andrew Macaulay have agreed to join the IMIC Board. These appointments considerably strengthen our Board. Their extensive expertise and influential networks with decision makers across the African natural resources and banking sectors will be invaluable in assisting IMIC to successfully execute its objective of becoming a key player in the Central and West African iron ore industry."

Babacar Ndiaye (aged 75)

Directorships in the last five years are as follows:
Name Further Detail
AMSA Insurance Company - Dakar Resigned
There are no other disclosures required in accordance with Schedule 2(g) of the AIM Rules.

Andrew Macaulay (aged 48)

Directorships in the last five years are as follows:

Name	Further Detail
Continental Coal Limited	ASX:CCC, AIM:COOL
Blackstone Resources Limited	RSA Private Company

There are no other disclosures required in accordance with Schedule 2(g) of the AIM Rules.

Rilwanu Lukman (aged 73)

Directorships in the last five years are as follows:

Name	Further Detail
Afren Plc	Resigned
NNPC	Resigned
Diestmann	Resigned
R Lukman & Co
Tawfix Securities	Resigned

There are no other disclosures required in accordance with Schedule 2(g) of the AIM Rules.
Contacts:
International Mining and Infrastructure Corporation plc www.imicplc.com
Haresh Kanabar, Chairman [phone]
James Ward, Finance Director
WH Ireland Limited www.wh-ireland.co.uk
Mike Coe / Marc Davies [phone]