Directorate change
July 27 2010 - 2:00AM
UK Regulatory
TIDMMML
MEDUSA MINING LIMITED
ABN: 60 099 377 849
Unit 7, 11 Preston Street
Como WA 6152
PO Box 860
Canning Bridge WA 6153
Telephone: +618-9367 0601
Facsimile: +618-9367 0602
Email: admin@medusamining.com.au
Internet:www.medusamining.com.au
ANNOUNCEMENT
27 July 2010
EXECUTIVE DIRECTOR - OPERATIONS
The Directors of Medusa Mining Limited (ASX & AIM: MML; TSX: MLL), ("Medusa" or
the "Company") are pleased to announce the appointment of Mr Peter Hepburn-Brown
as Executive Director - Operations with immediate effect.
Mr Hepburn-Brown, who was a Non-Executive Director of Medusa immediately prior
to this appointment, is a mining engineer with 28 years of experience in a wide
range of mining situations, commodities and overseas jurisdictions. He has held
senior management positions such as Executive Director Operations for Harmony
Gold Australia and General Manager Operations for Great Central Mines, as well
as other executive, operational and consulting positions.
His experience includes hands-on shaft sinking and airleg mining in narrow vein
mines, experience that is well suited to the Company's current operations in the
Philippines, as well as mining large open pit, disseminated ore bodies.
In his role as Executive Director - Operations, Mr Hepburn-Brown will manage all
operational and technical aspects of the Company's operations in the
Philippines.
Managing Director, Geoff Davis commented:
"The Company is currently undergoing steady growth. Peter's appointment to an
executive role in charge of the Company's operations in the Philippines
reinforces the Company's position as a serious mid-tier gold producer.
Peter has a proven track record of operational management. His skills and
experience will prove invaluable for Medusa, as the Company heads towards an
exciting phase of further expansion and growth."
As a result of Mr Hepburn-Brown's appointment to an executive role, Medusa's
Board of Directors will comprise three Non-executive Directors and three
Executive Directors. The Board is committed to good corporate governance and
will seek to appoint a further independent non-executive director when a
suitable candidate has been identified in order to comply with the ASX Corporate
Governance Council's principle and recommendation that a majority of the board
should be independent directors.
The directorships held by Mr Peter Gordon Hepburn- Brown (aged 53) now and over
the five years preceding the date of appointment are as follows:
Current:
Alloy Resources Limited
Eldoret Resources Pty Ltd
Genesis Resources Limited
Medusa Mining Limited (Mr Hepburn-Brown was a Non-executive Director from 15
September 2009 until 26 July 2010)
Previous:
Gleneagle Gold Limited
Iberian Resources Limited
Kasbah Resources Limited
Mr Hepburn-Brown does not hold any shares in Medusa Mining Limited.
For further information please contact:
Australia
Medusa Mining Limited +61 8 9367 0601
Geoffrey Davis, Managing Director
Roy Daniel, Finance Director
United Kingdom
Fairfax I.S. PLC +44 (0)20 7598 5368
Nominated Adviser/Joint Broker
Ewan Leggat/Laura Littley
Lothbury Financial Services Limited +44 (0)20 7868 2010
Michael Padley/Libby Moss
Canada
Nicholas Sayce, Investor Relations +1 416 822 4404
[HUG#1434095]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Medusa Mining Ltd via Thomson Reuters ONE
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