Pathfinder Minerals Plc – Directorate Change

Pathfinder Minerals Plc – Directorate Change

Pathfinder is pleased to announce the appointment of Mr Dennis Edmonds as a non-executive director of the Company with immediate effect.

Mr Edmonds has a wealth of commercial and corporate experience in southern Africa, having practiced as a corporate solicitor in South Africa - and subsequently in the United Kingdom - specialising in structuring and executing corporate transactions. He has also been employed at board level in the investment banking and venture capital industries. Over the past 15 years Mr Edmonds has been a director of public and private companies, including those operating within the mineral resources sectors in emerging markets. Most recently, Mr Edmonds was executive chairman of AIM-quoted Alien Metals Limited, a company with a portfolio of mineral assets in South America.

Further disclosures on Mr Edmonds as required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies are included in the appendix below.

Sir Henry Bellingham, non-executive chairman of Pathfinder, commented:

"Dennis Edmonds has extremely relevant experience to bring to bear at Pathfinder, particularly at this crucial stage. As an attorney who qualified and practiced in South Africa, before moving to the UK, he knows the region very well. He has helped many companies, both as a consultant or as a director, to structure transactions. This will be very useful to Pathfinder as we continue to pursue a transaction in respect of the mining licence and engage with prospective funders. John Taylor and I are delighted to have Dennis onboard as we work towards a shared goal of getting a funded deal over the line that delivers value to all stakeholders."

Grant of Share Options

Pathfinder announces that it has, conditional upon the passing of the requisite shareholder resolutions in due course, agreed to the granting of 1,500,000 options over the Company's ordinary shares of 0.1p each to Mr Edmonds.  These options will, when granted, exercise at 2.75p per share and expire after two years. A further announcement will be made when the condition is satisfied, and the options have been issued.

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