Galileo Resources PLC – GLR – Board Appointment

Galileo Resources PLC – GLR – Board Appointment

The Board of Galileo Resources plc (“Galileo “or the “Company) is pleased to announce the appointment of Mr Joel Silberstein as  Finance Director with immediate effect.

Colin Bird, the Chairman of Galileo commented “We welcome Joel to the board and are sure that his previous and ongoing experience in the small-cap resource sector will assist us greatly in our ongoing mission.

Joel Silberstein holds an Honours Bachelor of Accounting Science degree from the University of South Africa.  

He qualified as a chartered accountant with Mazars, Cape Town in 2002, and subsequently joined Toronto-quoted European Goldfields Limited. There he held the position of Group Financial Controller and Vice President Finance, supporting the executive team in growing the company through its exploration and development phases, until it was bought by Eldorado Gold in a C$2.5bn deal.  

He joined AIM-traded Xtract Resources plc in mid 2013 and was appointed finance director in February 2014. He has subsequently assisted in several corporate transactions, including those surrounding the Manica gold mining operations, and he has experience of working in multiple jurisdictions around the world. 

 He is a member of the Institute of Chartered Accountants of South Africa as well a Fellow of the Institute of Chartered Accountants in England and Wales.


As required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies further disclosures on Mr. Silberstein are as follows.

Mr Joel  Messod Silberstein, aged 45, has held the following directorships and/or partnerships in the past five years:

Current directorships and/or partnerships

Past directorships and/or partnerships

Xtract Resources PLC

JD Consulting & Tax Limited

Xtract Energy Holding Limited

Xtract International Limited

Xtract Energy Spain SL

HA8 Resources Limited

Elko Energy A/S

Elko Energy BV

Elko Exploration BV

TJ Capital Limited

TJ Resources Limited

Newmarket Holdings

Sandown Holdings

Mistral Resources Resource Development Corporation Limited

Morgana Development Corporation

RPK Finance Holding BV


Mr Silberstein holds no ordinary shares in the Company.  There is no further information on Mr Silberstein required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

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