Patrick D. Downey - Mr. Downey is a Canadian Chartered Accountant and Institute of Corporate Directors Certified Director with over 30 years experience in the mining industry. He has been a director, CEO and CFO of Toronto and New York Stock Exchange listed companies including Northgate Minerals Corp. which was recently acquired for $1.3 billion. The companies he has been associated with have been involved in a number of mining operations primarily involving gold and copper mines in Australia, Canada, Chile, Mexico and the USA. During his career he has been engaged in numerous corporate mergers and acquisitions as well as many debt and equity financings.
Rowan N. Maule - Mr. Maule is a Professional Mining Engineer and graduate from the University of Wales (Cardiff) with over 25 years of experience globally. Mr. Maule's industry experience includes the management of major mining operations, complete mine builds, capital mining and infrastructure projects. Following a production and line management background with Goldfields of South Africa, BCL in Botswana and Breakwater in Honduras, he specialized in East European and FSU
JV project development. In 1998 he was appointed Project
Director of the world class Mallevski mine redevelopment
project for Glencore International in Eastern Kazakhstan. He
has also built relationships at government level and acquired
the first mining licences given to a western company in
Afghanistan. He was a Director and COO of Ovoca Gold plc.
Most recently Mr. Maule directed onsite operations to
construct and commission to design capacity Canada's
first new major iron ore operation in 30 years and is now
Executive Vice President of Labrador Iron Mines Holdings
Limited.
Commenting on the appointments, John Kearney, Executive
Chairman of Minco said: "We are delighted that Pat and
Rowan have agreed to serve as non-executive directors of the
Minco Board. Their appointments will significantly strengthen
the governance and industry expertise of the Board. They have
distinguished careers in the mining and financial industries.
The existing Board looks forward to working with them to add
further value to Minco through possible mergers and
acquisitions as well as further unlocking value from within
Minco's existing asset base including its investment in
Xtierra Inc."
The Company will continue to strengthen the Board as
opportunities arise in the future.
Save as set out below there are no items requiring disclosure
in accordance with Schedule 2 (g) ii-viii of the AIM Rules
for Messrs. Downey and Maule.
Mr. Downey, aged 68, has held the following directorships or
partnerships in the past five years: Current Directorships:
AuRico Gold Corp. and Laird Island Holdings Corp.
Past Directorships: Northgate Minerals Corp.,
Mr. Maule, aged 54, has held the following directorships or
partnerships in the past five years: Current Directorships:
Star Mining Ltd. (dormant).
Past directorships: Ovoca Gold Plc, MMD Ltd. and Phoenix
Mining Ltd.
At the time of appointment to the Board, Mr. Downey
indirectly held 1,865,000 ordinary shares of the Company. Mr.
Maule did not hold any shares of the Company. Neither of the
appointees held share options in the Company.
Minco PLC is an AIM quoted precious and base metals exploration and development company, engaged in zinc-lead exploration in Ireland, in proximity to the Galmoy and Tara mines, and with investments in zinc