CGV clean global energy limited

ASX ANNOUNCEMENTBOARD AND MANAGEMENT UPDATEDate: 23rd June...

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    ASX ANNOUNCEMENT
    BOARD AND MANAGEMENT UPDATE
    Date: 23rd June 2011
    The Board of Clean Global Energy (�CGE� or �the company�) wishes to advise that there
    is now an update on the May 16 2011 announcement regarding Board and
    Management reorganisation.
    The Company has received and accepted the resignation of Executive Chairman and
    Managing Director, John Harkins, effective immediately.
    In addition, the company has also received notice from Paul Hubbard that he intends to
    step down from his Non-Executive Director position on the Board as of 1 July 2011. The
    Board would like to thank John and Paul for their contribution to the company�s
    formation and early development.
    In further news, the Board also ratified Alison Coutts, who was filling the position of
    interim Managing Director, as permanent Managing Director.
    The Board now comprises Domenic Martino, as Interim Chairman, Alison Coutts,
    Managing Director, Dr. Michael Green, Executive Technical Director and Wayne
    Rossiter, who will move to a Non-Executive Director position from 1 July 2011.
    In further news, an Extraordinary General Meeting of shareholders will be called to deal
    with ongoing business matters. The date of that EGM will be announced soon.
    CGE continues to focus on its first priority, to develop key Queensland coal tenements,
    most likely for traditional underground coal mining. UCG on these sites is also a
    possibility for later development, once the Queensland Government hands down a
    decision on whether or not to allow commercialisation of UCG activities in that state
    expected in Q1 of 2012. The Company continues formulating plans for development of
    its USA business.
    The Board would like to assure all investors that the Board and Staff at CGE are
    dedicated to working on the business of CGE to create value for all shareholders and
    looks forward to their ongoing support.
 
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Currently unlisted public company.

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