24 January 2017

Ortac Resources Ltd

('Ortac' or the 'Company')

Board Appointment

The Board of Ortac, the mineral exploration company operating in Europe and Africa, is pleased to announce that it has appointed Nick von Schirnding to its Board of Directors as a Non-executive Director with immediate effect.

Nick has over 25 years' experience in Mining and Natural Resources, and is currently an executive with Garrison Capital, which has developed and listed companies in the resources sector. Formerly, Nick was the CEO of Asia Resource Minerals plc, a FTSE listed mining company, where he was instrumental in successfully restructuring the group (formerly Bumi plc). Nick was also previously the deputy chairman of Berau Coal, one of Indonesia's largest coal producers, and a senior executive with Anglo American plc and De Beers.

Vassilios Carellas, Ortac's CEO, commented: 'I am delighted to welcome Nick to the board of Ortac. Nick brings a wealth of experience and business acumen, especially from the mining and exploration sector, which will further enhance the skill set of the board.'

Further information in relation to Nick von Schirnding is provided below.

Nicholas Kurt von Schirnding, aged 54, currently holds or has held the following directorships and partnerships in the last five years:

Current Directorships

Past Directorships

None

Asia Coal Resources Limited

Asia Resource Minerals Limited (formerly BUMI plc)

Carajas Copper Company Limited

PT Berau Coal Energy Tbk

Vallar Investments UK Limited

This announcement sets out all of the disclosures required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies.

-ENDS-

For further information, please contact:

Ortac Resources Ltd

Vassilios Carellas (CEO)

+44 (0) 20 7389 9050

SP Angel(Nominated Adviser & Broker)

Ewan Leggat/Lindsay Mair

+44 (0) 20 3470 0470

Joint Brokers

Beaufort Securities

Jon Belliss / Elliot Hance

+44 (0)20 7382 8300

Peterhouse Corporate Finance Limited

Guy Miller

Lucy Williams

+44 (0) 20 7469 0930

www.pcorpfin.com

For additional information please visit - www.ortacresources.com

Ortac Resources Limited published this content on 24 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 January 2017 07:20:03 UTC.

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