Zoltav Resources announced the appointments, with immediate effect, of Alexander Gorodetsky and Andrey Immel as non-executive directors of the company. Mr. Gorodetsky joins the board as an independent non-executive director and brings to the company a wealth of commercial experience in Russia and the CIS, including over two decades in the international oil and gas industry. He is currently the general partner of Strategy Capital Advisor Limited.

Mr. Immel joins the board of Zoltav as a representative of Bandbear Limited in accordance with the terms of Bandbear's relationship agreement with the company. His responsibilities included legal due diligence and support for corporate transactions.