Toledo Mining Corporation plc
("Toledo" or the "Company") (AIM:TMC)
Appointment of CEO
Further to the announcement of 31 January 2011 appointing Victor Kolesnikov to
the Board of Directors of the Company, Toledo is now pleased to announce the
appointment of Mr. Kolesnikov as Chief Executive Officer of the Company.
As previously advised, Victor Kolesnikov, aged 49, is a qualified metallurgical
engineer with over 22 years experience in the mining industry, including 8 years
with Norilsk Nickel. Although based in London, he will spend extended periods
in the Philippines working with the local management and joint venture partners
utilising his specialist skills to unlock the potential inherent in the
Company's nickel assets.
Commenting on the appointment, Reg Eccles, Chairman, said, "I am delighted that
Victor has accepted the position of CEO. He has extensive experience
and a comprehensive understanding of the nickel business. I am confident that
his appointment will prove very positive for Toledo and the various Joint
Venture Companies in the Philippines which he joins as our representative."
The information detailed below is disclosed in accordance with Rule 17 and
paragraph (g) of Schedule Two of the AIM Rules. Except for the information
disclosed in this announcement and the announcement of 31 January 2011 there is
no other information which falls to be disclosed under these rules.
Additional Current Directorships:
TMM Management Inc.
Berong Nickel Corporation
Ipilan Nickel Corporation.
For further information, please visit www.toledomining.com or contact:
Reg Eccles, Chairman, Toledo Mining Corporation
+44 (0) 20 7514 1480
Richard Swindells / Jen Boorer, Ambrian Partners Ltd
+44 (0) 20 7634 4700
Katie Grinham, Toledo Mining Corporation
+44 (0) 7958 765 745
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Source: Toledo Mining Corporation PLC via Thomson Reuters ONE