Appointment of Non-Executive Directors


 

TIDMTXR 
 
RNS Number : 5546T 
Titanium Resources Group Ltd 
30 September 2010 
 

                          Titanium Resources Group Ltd 
                     Appointment of Non-Executive Directors 
30 September 2010: The Board of Titanium Resources Group Ltd ("TRG" or "the 
Company") is pleased to announce that it yesterday appointed Jan Castro and 
Michael Barton as Non-Executive Directors of the Company with immediate effect. 
Jan Castro 
Mr. Castro is the Managing Director of Pala Investments AG, the exclusive 
advisor to Pala Investments Holdings Limited, a US$ 1.0 billion investment 
company focused on the mining and natural resources sector. As a long-term 
partner, Pala leverages its extensive mining and natural resources sector 
experience to provide strategic advice and innovative financing solutions. 
Prior to founding Pala in July 2006, Mr. Castro was Senior Vice President of 
Investments and Corporate Affairs for Mechel OAO, where his primary 
responsibilities covered mergers and acquisitions, non-core asset disposals and 
investor and public relations.  Mechel is a NYSE-listed company and one of 
Russia's largest integrated mining and steel companies, focused on coal, iron 
ore, nickel and steel products, Mr. Castro was responsible for Mechel's IPO in 
2004. 
Mr. Castro currently serves on the Boards of Anatolia Minerals Development Ltd, 
Avoca Resources Limited, Churchill Mining PLC and several private companies. 
Mr. Castro received his J.D. and B.A. from Columbia University. 
Michael Barton 
Mr. Barton is a finance professional who has worked in the natural resources 
sector for the duration of his career.  He is currently Vice President at Pala 
Investments AG, the exclusive advisor to Pala Investments Holdings Limited, and 
prior to that was Vice President at Hatch Corporate Finance, a company 
specializing in providing corporate finance advisory services to the metals and 
mining industry.  Mr. Barton currently serves on the boards of Dumas Contracting 
Ltd., Norcast Wear Solutions Limited and New Birmingham Inc. 
Mr. Barton is a qualified chartered accountant and a member of the Securities 
and Investment Institute. 
Wayne Malouf, Executive Chairman, said: 
"On behalf of my fellow directors I am delighted to welcome Jan Castro and Mike 
Barton to the Board of TRG.  Their significant experience in the natural 
resources sector strengthens the Company, and we look forward to working with 
them to realize the full potential of TRG's world-class asset." 
                                      ENDS 
For further information: 
Titanium Resources Group 
Wayne Malouf, Executive Chairman 
John Sisay, Chief Executive 
Tel: +44 (0) 20 7321 0000 
 
Arbuthnot Securities 
Nominated Advisor 
Richard Johnson / Hugh Field 
Tel: +44 (0) 20 7012 2000 
 
Aura Financial 
Michael Oke / Andy Mills 
Tel: +44 (0) 20 7321 0000 
 
Titanium Resources Group 
Titanium Resources Group is a mining company with operations in the Republic of 
Sierra Leone. The Group is the country's largest private sector employer and 
produces rutile and ilmenite for use in industrial applications. The Group's 
operations have historically accounted for over 65 per cent of the exports of 
Sierra Leone. 
Other Information 
Jan Alex Castro (aged 42) holds no direct beneficial interest in TRG ordinary 
shares nor TRG options.  Mr Castro has also held the following directorships and 
partnerships: 
+------------------------------+------------------------------------+ 
| Current directorships and    | Anatolia Minerals Development Ltd  | 
| partnerships                 | Avoca Resources Limited            | 
|                              | Churchill Mining PLC               | 
|                              | Dumas Contracting Ltd              | 
|                              | Eagle Holding Limited              | 
|                              | Gemcom Software International Inc  | 
|                              | Norcast Wear Solutions Limited     | 
|                              |                                    | 
+------------------------------+------------------------------------+ 
| Former directorships and     | Alacer AG                          | 
| partnerships within the past | Coalcorp Mining Inc                | 
| five years                   | Crowflight Minerals Inc.           | 
|                              | Dioro Exploration                  | 
|                              | Melior AG                          | 
|                              | Norcast Castings Company Limited   | 
|                              | 630777 N.B. Inc                    | 
|                              | 08332624 BC Inc                    | 
|                              |                                    | 
+------------------------------+------------------------------------+ 
 
Michael Barton (aged 31) holds no direct beneficial interest in TRG ordinary 
shares nor TRG options.  He has also held the following directorships and 
partnerships: 
+------------------------------+------------------------------------+ 
| Current directorships and    | Dumas Contracting Ltd              | 
| partnerships                 | Tercon Investments Limited         | 
|                              | Norcast Wear Solutions Limited     | 
|                              | New Birmingham Inc                 | 
|                              | 08332624 BC Inc                    | 
|                              | 2147886 Ontario Limited            | 
|                              |                                    | 
+------------------------------+------------------------------------+ 
| Former directorships and     | Crowflight Minerals Inc.           | 
| partnerships within the past | Norcast Castings Company Limited   | 
| five years                   |                                    | 
+------------------------------+------------------------------------+ 
 
As announced on 15 September 2010, Pala Investments Holdings Limited holds 
approximately 29.8 per cent. of the Company's issued share capital.  Mr Castro 
and Mr Barton are the Managing Director and a Vice President respectively of 
Pala Investments AG, the exclusive investment adviser to Pala Investments 
Holdings Limited.  Mr Castro is also an investor in Pala Investments Holdings 
Limited. 
There are no additional disclosures to be made in relation to Messrs Castro and 
Barton pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies. 
 
30 September 2010 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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