Luiri Gold : Appointment of Managing Director

Microsoft Word - 20150518 proposed director

APPOINTMENT OF MANAGING DIRECTOR

ASX Announcement

18 May 2015

ASX: LGM Luiri Gold Limited ASX Code: LGM www.luirigold.com Corporate Structure

Shares on issue 370.7m

Options 22.8m

52 week high A$0.004

52 week low A$0.001

Company Directors Rob Brown

Non-Executive Chairman

Peter Hawkins

Non-Executive Director

Angela Pankhurst

Director/ Company Secretary

Luiri Gold Limited (the "Company") is pleased to announce that, subject to shareholder approval, Mr Stuart Murray will be appointed as Managing Director and Deputy Chairman of the Company.
Mr Murray was an executive director and the Chief Executive Officer of Aquarius Platinum Limited from in 2001 until his retirement in 2012, overseeing the growth of the company from a small single asset miner to a significant mid‐tier producer. Prior to that he had held various roles at Impala Platinum, including Consulting Engineer: Refineries, Nickel Business Development Manager and Manager: Operations, and at Middleburg Steel & Alloys and Rhodium Reefs Limited. He is an Associate Member of the UK Institution of Chemical Engineers.
Mr Murray is Non‐executive Chairman of Sylvania Platinum Limited (AIM listed Platinum miner & processor) and a Non‐executive Director of Talvivaara Mining Company Plc (OMXH listed nickel miner).

Mr Murray will initially work at no charge on a part‐time basis to identify and/or evaluate prospective new projects for the Company. When appropriate Mr Murray will take on an expanded role, on terms and conditions to be agreed, depending on the size and nature of the project to be acquired.
Shareholder approval will be sought at the Company's Annual General Meeting to be held on 12 June 2015. The Notice of Meeting will be lodged with ASX immediately following this announcement.
Shareholder approval will also be sought for the issuing of 37.5m shares
@ $0.002/share to repay $75,000 in loans made to the Company in the last 6 months, and to place 90.0m shares @ $0.002/share, to Mr Murray, to raise $180,000 for working capital.
Chairman, Robert Brown, said "Mr Murray's appointment and the raising of working capital will give the Company the resources it needs to progress on several potential projects it has been investigating".

For further information please contact: Luiri Gold Limited

P: [phone]

F: [phone]

E: [e-mail]

W: www.luirigold.com

Luiri Gold Limited

ARBN 32 139 588 926 T [phone]

Level 1, 55 St Georges Tce F [phone]

Perth WA 6000 E [e-mail]