New Appointments

Horizonte Minerals PLC 03 April 2008 Horizonte Minerals plc / Index: AIM / Epic: HZM / Sector: Mining 3 April 2008 Horizonte Minerals plc ('Horizonte' or 'the Company') New CFO and Expansion of Management Team Horizonte Minerals plc, the AIM-traded exploration and development company, is pleased to announce it has strengthened its management team by appointing Gary Townsend as its new Chief Financial Officer (non-Board) and Gonzalo Lemuz as Exploration Manager in Peru. In addition, the Company has employed Dr Richard Jemielita who will be an active member of the technical advisory board, formed to enhance exploration operations on the ground. Mr. Townsend has over 24 years of experience in finance, specialising in the natural resource sector. Recent positions include Chief Financial Officer at Guinor Gold Corporation, where he was involved in raising US$150 million and Group Financial Controller at Ashanti Goldfields, where he played a key role in the financial re-structuring of the Group. In line with strengthening the operational team in South America, Mr. Lemuz will be running exploration activities in Peru. He is a highly experienced economic geologist with over 18 years of mineral exploration experience in South America. During this period he has worked for Anglogold Ashanti plc, Newmont Mining Corp. and BHP Minerals Ltd in Peru, Bolivia, Argentina and Ecuador. His experience ranges from early stage targets through to resource definition. Additionally Dr. Richard Jemielita joins Horizonte's technical advisory board. He is an independent geologist with twenty-five years professional experience of consulting and exploration management, predominantly in Latin America. Richard has held positions with multinational mining companies and government organisations to advise on exploration. He specialised in identifying high, intermediate and low sulphidation epithermal gold-silver deposits, porphyry copper-gold-molybdenum and related polymetallic skarn and vein deposits, as well as carbonate-hosted zinc-lead silver, volcanic-hosted massive sulphides in Cordilleran terrains and shear zone-hosted lode gold deposits in Precambrian shields. Horizonte Minerals CEO Jeremy Martin said, 'We are delighted to welcome Gary to the Company. His knowledge in finance and accountancy, fused with his wealth of experience gained from working within the mining industry, will help with the corporate development of the Company. 'On the geological side, the appointment of a high level Exploration Manager will enable us to expand our project portfolio and access new opportunities in Peru. In addition, Dr. Jemielita's valuable experience will enhance the technical exploration focus across the Group.' **ENDS** For further information visit www.horizonteminerals.com or contact: Jeremy Martin/David Hall Horizonte Minerals plc Tel: 020 7495 5446 Jeremy Porter/Laura Littley Fairfax I.S. PLC Tel: 020 7598 5368 Hugo de Salis/ Felicity Edwards St Brides Media & Finance Ltd Tel: 020 7242 4477 Notes to Editors: Horizonte Minerals plc is an AIM listed exploration and development company with a portfolio of gold, nickel, silver, lead and zinc projects in producing mineral districts in Brazil and Peru. It has three primary projects working towards a resource definition including the 22,556 hectare Lontra nickel project situated in the Araguaia mobile belt, which flanks the eastern margin of the Carajas Mineral Province of northern Brazil, the silver-zinc-lead project El Aguilia in Peru, located in the historic mining district of Cerro de Pasco and the 300 sq km Falcao gold project located near the Lontra project. In addition it has a generative pipeline of early stage projects in development. The Company is focused on generating and rapidly advancing exploration projects before joint venturing them with a major mining company to further develop the projects and provide mid-term cash flow, which can be fed back into the business and its other projects. This model was proven in December 2007 when Horizonte signed an option agreement with Troy Resources (ASX:TRY), to operate and develop its Brazilian Tangara gold project by expending a total US$2.8 million on exploration and development as well as a royalty payment on production. This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings