Appointment of Chairman

Anglo Asian Mining PLC 14 March 2006 14th March 2006 ANGLO ASIAN MINING PLC ('Anglo Asian' or 'the Company') APPOINTMENT OF CHAIRMAN Anglo Asian Mining PLC (AIM:AAZ) the gold and copper development company with projects in Azerbaijan, announces that Mr Reza Vaziri the Executive Chairman has taken up the position of President of the Company and that Mr Graham Mascall has been appointed to the Board of Directors as Non-Executive Chairman. Over the course of his career, Mr Mascall has worked as an executive for a number of the world's largest mining and mining finance companies. The list of companies includes Billiton and BHP Billiton, Deutsche Morgan Grenfell, Outokumpu Metals & Resources, and Barclays Bank. He has a degree in Mining Engineering from the Camborne School of Mines, as well as a Master of Engineering degree in Mineral Economics from McGill University in Canada. The Board believes that the combination of Mr Mascall's experience and contacts within the industry will be a major asset to the Company and will help to achieve its strategic goals. His appointment is a continuation of the Company's strategy following the IPO in July 2005 of recruiting to the Board individuals with experience in the mining sector and follows the appointments of Mr Richard Round as Finance Director in September 2005 and Dr Ross Bhappu as a non-executive director in November 2005. The Company continues to search for a Chief Executive with resource sector experience. Mr Vaziri, who remains a Director of the Company, commented 'I am delighted that Graham has agreed to join and to strengthen the Board further. He has had a distinguished career in mining and mining finance and I believe that his experience will add significant value to Anglo Asian at what is an important stage of this young company's development'. In addition to the increased mining experience being added at Board level, SRK Consulting has been retained by the Company to assist with the implementation of Anglo Asian's exploration programme and to provide technical, audit and advisory services for the projects. Anglo Asian intends to utilise SRK's considerable expertise and resources where relevant to assist the Company to progress its projects towards the feasibility study stage. Save as disclosed below, there is nothing further to disclose in relation to the appointment of Mr Graham Edward Mascall, aged 59, under schedule two, paragraph (g) of the AIM Rules: Current directorships: Caledon Resources plc Eurozinc Mining Corporation Gemfields Resources plc Uramin Inc International Molybdenum plc Previous directorships held in the last five years: Berkeley Mining plc Lesotho Diamond Corporation Billiton International Development Limited As part Mr Mascall's employment arrangements with Anglo Asian, he has been awarded options over 1,487,577 Ordinary Shares of 1p each at an option price of 39.5 pence per share and 495,858 Ordinary Shares of 1p each at an option price of 55 pence per share. Both options vest in three equal instalments on 12, 24 and 36 months respectively after the date of grant, being 13th March 2006. -Ends- Enquiries: Anglo Asian Mining PLC Charles Hancock, Chief Executive +44 20 7409 3232 Richard Round, Finance Director +44 20 7409 3232 Numis Securities Limited John Harrison +44 20 7776 1590 Parkgreen Communications Justine Howarth/Victoria Thomas +44 20 7493 3713 This information is provided by RNS The company news service from the London Stock Exchange
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