G-Resources Group Limited announced a number of organisational changes following the resignation of Chief Executive Officer, Mr. Peter Geoffrey Albert. Mr. Albert has overseen the successful growth of G-Resources for some six years; he will leave the Company on 30 June 2015 and will be available as an advisor to the company till 30 June 2016. From 30 June 2015, Mr. Chiu Tao, who is the existing Chairman and an executive director of the company, will become acting CEO of the company until an appropriate CEO candidate is found.

Mr. Xiao Ma, who has been Deputy CEO to Mr. Albert and supported Mr. Albert and the Martabe Team in developing the mine to this stage, will remain as Deputy CEO and will lead the new Martabe Management Committee. Mr. Tim John Vincent Duffy, who is based in Jakarta and who has been the Executive General Manager working with Mr. Albert and Mr. Ma for the past 6 years, will be appointed as President Director and Managing Director of the Indonesian company, PT Agincourt Resources and be responsible for the overall business in Indonesia. Ms. Linda H D Siahaan will remain Deputy President Director of PTAR and assume further responsibilities for Government and External Relations in Indonesia.

Mr. Ed Cooney will be appointed as the General Manager Operations and be responsible for the full Martabe operation. Mr. Cooney is a mining engineer with some 17 years industry experience, including technical, operational and management roles with Barrick Gold, Xstrata and BHP Billiton. Mr. Cooney has worked in Indonesia for five years and for the last two plus years as Deputy General Manager Operations at Martabe.

The Martabe Management Committee will be led by Mr. Ma as Chairman, and Mr. Duffy as Vice Chairman. This Committee will formally report to the already existing Executive Committee chaired by Mr. Chiu.