SBS sub-sahara resources nl

Yippee!ASX Announcement February 28, 2007Board changes at...

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    Yippee!

    ASX Announcement February 28, 2007
    Board changes at Sub-Sahara Resources
    Sub-Sahara Resource NL (ASX:SBS) advises that two of the company's long-serving non-executive directors,
    HD (David) Kennedy and Des Foynes, have retired, effective today.
    Sub-Sahara chairman David Riekie said Mr Kennedy had been a significant supporter of the company since
    his appointment to the board in 1996. He had been largely responsible for the company’s current interests in
    Eritrea and Tanzania.
    Mr Foynes was appointed to the board in 2001 as an independent director and had also been instrumental in
    the development of the company’s now significant exploration portfolio in Tanzania, Mr Riekie said.
    "Both Mr Kennedy and Mr Foynes made a major contribution to the company and allowed it to develop a
    highly-regarded suite of joint venture interests, listed investments and exploration opportunities," Mr Riekie
    said.
    "The board joins me in extending its sincere thanks and gratitude for the assistance they have provided in
    compiling such an enviable portfolio of projects."
    Barry Bolitho will now join the board of Sub-Sahara effective 1st March.
    Mr Bolitho joins the board as an independent, non-executive director. Mr Bolitho is a tertiary-qualified chemist
    and metallurgist and has significant experience with ASX-listed resource entities.
    "With more than 28 years of operational, project and corporate experience, the board expects his skills will
    provide significant benefits to the company," Mr Riekie said.
    Mr Riekie said the board considered Sub-Sahara to be well resourced, with the high-calibre personnel and
    projects to make the next phase of its development a success.
    For and on behalf of the board
    David Riekie
    Non Executive Chairman
    Website: www.subsahara.com.au
    ENDS
    FOR FURTHER INFORMATION:
    Michael Griffiths
    Chief Executive Officer, Sub-Sahara Resources
    [email protected]
    Ph: +6 18 9227 3260
    David Tasker/ Ainslie Chandler
    Professional Public Relations (WA)
    Ph: +618 9388 0944
    Editor's notes: Sub-Sahara Resources is an ASX listed company (ASX: SBS) with interests in a number of highly
    prospective and rapidly expanding African projects, including the Nyanzaga joint venture with Barrick Gold, Lake Victoria
    joint venture with Currie Rose Resources and the Nyakufura joint venture with Resolute Mining (all in Tanzania) and the
    Zara joint venture in Eritrea. The company also holds an equity interest in Currie Rose Resources.
 
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