RNS Number : 5733L
  Archipelago Resources PLC
  13 January 2009
   


    ANNOUNCEMENT


    ARCHIPELAGO RESOURCES PLC


    APPOINTMENT AND RESIGNATION OF A NON EXECUTIVE DIRECTOR


    Archipelago Resources Plc ("Archipelago" or the "Company") is pleased to announce the appointment of Mr Patrick Alexander as a non
executive director of the Company. Mr Alexander is the nominee of major shareholder Aurum Fund ("Aurum") in accordance with an investment
agreement announced on 26 November 2008.

    Patrick Morris Alexander, aged 55, is an Australian currently based in Indonesia with extensive government, banking and corporate
experience. After a period with the Australian Embassy in Jakarta he was a Vice President with Chase Manhattan Bank in New York, Jakarta and
Hong Kong. Mr Alexander currently holds a number of directorships with a coal gas and other Indonesian public companies (see below).  

    The Board welcomes Mr Alexander as part of Aurum's commitment to assist the Company to meet its project development objectives. 

    Mr Alexander holds, or has held, the following directorships within the five years prior to the date of this announcement:

 Current directorships                    Past directorships

 Sound Oil Plc
 Ephindo Ilthabi CBM Holdings Inc. (BVI)
 Java Energy Ltd (BVI)
 Mitra Energia Limited
 Batavia Investment Management Ltd (BVI)
 Coalgas Energy Ltd (Seychelles)
 PT. Astra International 
 PT. Astra Oto Parts
 PT. Astra Agro Lestari

    Archipelago confirms that there are no other matters requiring disclosure in relation to Rule 17 and Schedule 2(g) of the AIM Rules.

    Also as part of the agreement with Aurum, Mr Barry Casson has tendered his resignation as a non executive director of the Company. The
Board takes this opportunity to thank Mr Casson for the skills and efforts that he has brought to the Company since its formation and
listing.  

    Archipelago is a mining company listed on the AIM market of the London Stock Exchange.  The Company's principal activities are gold
mining and exploration in Indonesia (as 85% owner of the Toka Tindung Gold Project in Sulawesi), Vietnam (as majority party in the Pac Lang
and Cam Thuy/Ba Thuoc joint ventures with VINACOMIN a Vietnamese Government mining company) and the Philippines (as option holder over a
100% interest in the Corplex tenements).
    
 
    Further Info:    

    Colin Loosemore, Managing Director, Archipelago Resources Plc.
    Tel:    00-618-9364-8301

    Ron Marshman / John Greenhalgh, Lothbury Financial
    Tel:    020-7011-9411

    Gerry Beaney / Fiona Kindness, Grant Thornton UK LLP
    Tel:     020 7383 5100
    www.archipelagoresources.com.au

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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