🕐02.10.13 - 16:27 Uhr

ALECTO MINERALS APPOINTS MARK JONES AS CEO TO ADVANCE THE RECENTLY ACQUIRED 107,
000 OUNCE GOLD KOSSANTO GOLD PROJECT, MALI



Alecto Minerals plc / EPIC: ALO / Market: AIM / Sector: Exploration & Development 2 October 2013 Alecto Minerals plc (Alecto or the Company) Appointment of Mark Jones as CEO Alecto Minerals plc, the AIM listed African focussed multi-commodity exploration and development company, is pleased to announce that Mark Jones has been appointed to the Board as Chief Executive Officer with immediate effect.

This follows the passing of certain resolutions at a General Meeting of the Company on 02 October 2013 as a result of which the acquisition agreement dated 22 August 2013 with AIM quoted African Mining & Exploration plc (AME), where Mark was previously CEO, to acquire 100% of the Kossanto Gold Project in Mali (the Acquisition) has completed.

This advanced gold asset has a JORC compliant resource of 107,000 ounces of gold defined at one of three target areas within the tenure. Mark has overseen the development of Kossanto with AME and his strong understanding of the project, and the broader resource arena, will be highly beneficial to the Company as it focusses on significantly increasing the existing JORC resource at the project.

A graduate of the Camborne School of Mines, Mark is a mining engineer with over 30 years experience in mining production and associated businesses, 20 years of which have been spent in Africa.

He has specific expertise in gold and base metals in Africa, Europe and the FSU Previous positions include CEO of Aurum Mining plc and Expert Explosives Ltd.

Mark is currently a non-executive director of Aurum Mining plc, Tulpar Gold plc and Antracor Mining Ltd. Alecto Chairman Michael Johnson said, "This is an exciting and highly active time for Alecto as we have now finalised both the acquisition of Kossanto and the joint venture agreement with Centamin plc, regarding the development of our Ethiopian gold portfolio.

With this in mind, we are delighted to welcome Mark to the Board.

Looking ahead, Mark will be the ideal person to steward the Company through its joint venture with Centamin plc and his extensive knowledge of Kossanto and the region as a whole will be highly advantageous as we capitalise on the significant upside potential apparent both at this project, and across the rest of our portfolio." Please see the announcement dated 17 September, 2013, for additional disclosure required pursuant to the AIM Rules for Companies **ENDS** For further information, please visit www.alectominerals.com or contact: Michael Johnson Alecto Minerals plc Tel: 020 3137 8862 Jonathan Evans Fox-Davies Capital Ltd Tel: 020 3463 5000 Jon Belliss Xcap Securities plc Tel: 020 7101 7070 Elisabeth Cowell St Brides Media & Finance Ltd Tel: 020 7236 1177
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