The Supervisory board of Pearl Gold AG has appointed Lutz Hartmann as new board member, effective March 1, 2012. Hartmann is an experienced expert in both the German capital market and the African mining business. Hartmann has advised Pearl Gold for more than two years. He will lead the German holding company that invests in West African mining projects jointly with Jean Louis Dupuy, who has been in the Management Board since 2008. Hartmann has just been on site in Mali for the official inauguration of Pearl Gold's first investment project, the Kodieran gold mine. As a company board member, Hartmann will continue to pursue Pearl Gold's strategy to invest in promising West African mining corporations in the field of gold and other precious metals. To foster the company's image in the capital market, the next step will be an upgrade of Pearl Gold to the EU-regulated market at the Frankfurt stock exchange.