New Chairman and Directors

RNS Number:7840N
Aztec Resources Limited
13 December 2006

Aztec Resources Limited ("Aztec" or "the Company")

13 December 2006

Appointment of New Chairman and Additional Directors

Further to the announcement made by Aztec on 28 November 2006 about the Aztec
Board's revised recommendation in relation to Mount Gibson Iron Limited's ("Mt
Gibson"), takeover offer, the Directors of Aztec are pleased to announce the
appointment of Mr Luke Tonkin, Mr Alan Rule and Mr Craig Readhead as non
executive directors of Aztec, effective immediately.

The Directors of Aztec also wish to publicly acknowledge the great contribution
Ian Burston has made to the success of Aztec to date in his role as Executive
Chairman and more recently as Non Executive Chairman. Dr Burston is stepping
down as Chairman today but will remain on the Aztec Board as a non executive
director.

Mr Michael Arnett, an independent non executive director since 20 April 2004,
has been appointed the new Non Executive Chairman of Aztec with immediate
effect.

The Aztec Board now comprises of seven directors and it is intended this
structure will remain in place during the period prior to Mt Gibson's takeover
offer closing. In addition, should Mt Gibson receive 90% or greater acceptances
to its offer, it has been agreed with Mt Gibson that Dr Burston and Aztec's
Managing Director Peter Bilbe will be invited to join the Mount Gibson Board of
Directors.

The information required to be disclosed in accordance with the AIM rules, with
respect to the appointment of Mr Tonkin, Mr Rule and Mr Readhead to the board,
is set out in Appendix 1.

For further information please contact:

Australia
Peter Bilbe, Managing Director: +61 8 9423 0800
Ian Gregory, Company Secretary: +61 8 9423 0800

Aztec Shareholder Information Line 1800 602 244 (Australian callers)
+61 8 6218 4220 (International callers)

UK
Fiona Owen, Grant Thornton: +44 (0) 870 991 2318

Media Enquiries:
Warrick Hazeldine
Purple Communications
Tel: +61 8 9485 1254
Mob: +61 (0) 417 944 616


Appendix 1

Set out below are the current and past Directorships over the past five years
of:

Luke Tonkin, aged 42;
Alan David Rule, aged 44; and
Craig Leslie Readhead, aged 52.

Name         Current directorships or        Past directorships or partnerships
             partnerships

Luke Tonkin  Geraldton Bulk handling Pty Ltd
             Mount Gibson Mining Ltd
             Tonkin Mine Management Pty Ltd

Alan Rule    AP Mining Pty Ltd               Intrepid Mines Ltd
             Asia Iron Holdings Ltd          Nustar Mining Corporation
             Asia Iron Ltd
             Austral Iron Pty Ltd
             Extension Hill Pty Ltd
             Geraldton Bulk Handling Pty Ltd
             Jiangsu Investment Pty Ltd
             MGM Pipelines Pty Ltd
             Mount Gibson Iron Ltd
             Mount Gibson Mining Ltd
             Resource Mining Corporation Ltd
             Supaswift Pty Ltd
             Westralian Iron Pty Ltd
             WHTK Pty Ltd

Craig        Agincourt Resources Ltd         Avoca Resources Ltd
Readhead     Atriplex Ltd                    Epsilon Energy Limited
             Franklin River Olive Company    Intrepid Mines Ltd
             Ltd
             Galaxy Resources Ltd            Junior Junction Pty Ltd
             Gingin Land Company Ltd         Mercator Palm Pty Ltd
             Halcyon Group Ltd               New World Alloys Ltd
             Hampton Nickel Ltd              North Australian Diamonds Ltd
             Hengolo Pty Ltd                 Oriel Communications Ltd
             Heron Resources Ltd             Pioneer Nickel Ltd
             Kings Law Nominees Pty Ltd      Ravensthorpe Property Development
                                             Pty Ltd
             Magisterium Pty Ltd             Smelting Technologies (Australia)
                                             Pty Ltd
             Mount Gibson Iron Ltd           Spoonbill Pty Ltd
             Mount Gibson Mining Ltd
             Ochre Resources Ltd
             Premium Olive Managers Ltd
             Preston Vale Ltd
             PRL Co Pty Ltd
             Pullinger Readhead Stewart
             Rubicon Resources Ltd
             Southern Olive Management Pty
             Ltd
             Swordbridge International Pty
             Ltd
             WSP Administration Pty Ltd
             W.S.P. Nominees Pty Ltd

Mr Tonkin, Mr Rule and Mr Readhead have no personal interest in the ordinary
shares or options of Aztec but are directors of and have the following interest
in Mt Gibson:

                                       Ordinary Shares              Options over
                                          in Mt Gibson              Shares in Mt
                                                                          Gibson
Mr Tonkin                                          -                 5,000,000
Mr Rule                                            -                 2,000,000
Mr Readhead                                  727,500                   500,000

The Company confirms that no other details are required to be disclosed under
paragraph G of Schedule 2 of the AIM Rules.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
BOAKXLBFQLBXFBE
Aztec Res. (LSE:AZR)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024