The board of Ausgold Limited announced the appointment of Mr. Neil Fearis as an independent non-executive director of the company. Mr. Fearis is a leading corporate and commercial lawyer in Western Australia specializing in mergers and acquisitions, capital raisings and corporate reconstructions, with a particular focus on the mining and resources sector. He has been in practice for 38 years and worked as a commercial lawyer in London, Sydney and Perth.

He provides corporate and commercial legal advice to public company clients and has advised on some of the large corporate transactions ever undertaken in Australia. The board of company also announced that Mr. Stephen Thomas has retired as a director of the company to concentrate on his position as an equity analyst with a leading West Australian equity fund. Mr. Thomas will continue as a consulting geologist to the company.