""He has recently held the position of Project Director with Rio...

""He has recently held the position of Project Director with Rio Tinto Iron Ore’s business development group.""


APPOINTMENT OF CHIEF EXECUTIVE OFFICER
The Directors of Royal Resources Limited (Royal) are pleased
to announce the appointment of Mr Marcus Flis to the position of
Chief Executive Officer (CEO) of the Company, effective from 31
March 2008.
Mr Flis holds degrees in both geology and geophysics and is
highly qualified in the resources industry, having over 27 years
experience covering all aspects of exploration, resource
definition and project assessment. He has recently held the
position of Project Director with Rio Tinto Iron Ore’s business
development group. Previously Mr Flis held positions as
exploration manager with Hamersley Iron and Iron Ore
Company of Canada and Manager-Geophysics at Newcrest
Mining Ltd. Mr Flis comes with extensive experience as an
explorationist for a wide range of mineral commodities in varied
mineral terrains and geographies.
Royal’s Chairman Philip Crabb said that “Marcus’s appointment
to the position of CEO is an important development for the
Company. Marcus’s experience in the exploration for bedded,
detrital and pisolitic Direct Shipping Ores will be invaluable in the
assessment and development of Royal’s Pilbara and Midwest
iron ore projects.”
Mr Flis will also be granted as soon as practical the following
incentive options in accordance with an Employment Agreement
and as part of his remuneration package:
(1) 1,500,000 unquoted options to acquire ordinary fully paid
shares in the capital of Royal, having an exercise price of 25
cents each with an expiry date being 3 years from the date
of grant;
(2) 1,500,000 unquoted options, vesting on the date which is 12
months from the grant date, with each option to acquire
ordinary fully paid shares in the capital of Royal, having an
exercise price of 30 cents each with an expiry date being 4
years from the date of grant; and
(3) 1,500,000 unquoted options, vesting on the date which is 24
months from the grant date, with each option to acquire
ordinary fully paid shares in the capital of Royal, having an
exercise price of 50 cents each with an expiry date being 5
years from the date of grant.
and on such other terms and conditions as are applicable to
executive options granted by Royal.
ASX
ANNOUNCEMENT
1 APRIL 2008
Royal Resources Limited
ABN 34 108 102 432
For further information
regarding Royal Resources
Limited contact:
Philip Crabb
Chairman
or
Brian Richardson
Director
Phone: + 61 8 9321 2152
Fax: + 61 8 9321 9670
Website:
www.royalresources.com.au
Email:
[email protected]
Registered Office:
Suite 2, Level 3, IBM Building
1060 Hay Street, West Perth
Western Australia 6005
Po Box 7363, Cloisters Square
Perth Western Australia 6850