Adamus Resources Ltd - Mark Connelly appointed as Chief Executive Officer

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PERTH, Western Australia, Sept. 6 /CNW/ - The Board of Directors of Adamus Resources Limited is pleased to announce that it has appointed Mr Mark Connelly, to the position of Managing Director and Chief Executive Officer of the Company. Mr Connelly has held the position of Chief Operating Officer and Executive Director for the past 3 years and has been instrumental in advancing the Southern Ashanti Project in Ghana.

Mr Mark Bojanjac has stepped down with immediate effect and will remain to provide his services on a consulting basis as required by the Company to facilitate the executive transition.

Adamus' Managing Director Mr Connelly said, "Mark Bojanjac has guided Adamus to its current position making it well positioned to become a mid-tier gold producer."

Mr Bojanjac said, "As Adamus moves to become a producer, the time has come for a change in management. I look forward to working with Mark Connelly as the Company moves into the next stage of its development."

Both the appointment of Mr Connelly and the stepping down of Mr Bojanjac are aligned with the Company's transition from developer to producer and in accord with Adamus' strategic plans.

    
    Kind regards
    ADAMUS RESOURCES LIMITED

    (signed)

    Mark Connelly
    Managing Director/CEO
    

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Caution Regarding Forward Looking Information.

Certain statements included in this announcement, including information regarding Adamus' plans with respect to its mineral properties, constitute forward-looking information. Forward-looking information includes, among other things, statements regarding expected operations. Forward-looking information is based upon a number of estimates and assumptions made by the Company in light of its experience, current conditions and expectations of future developments, as well as other factors that the Company believes are appropriate in the circumstances. While these estimates and assumptions are considered reasonable by the Company, they are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes. Investors are cautioned that forward-looking information is no guarantee of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking information due to the inherent uncertainty therein. Forward-looking information is made as at the date of this announcement and the Company disclaims any intent or obligation to update publicly such forward-looking information, whether as a result of new information, future events or results or otherwise.

For further information: please see our website: www.adamusresources.com.au or contact: Mark Connelly - Managing Director/CEO, [phone], email: [email protected]; For media enquiries contact: Brian Thornton - Farrington National, [phone], email: [email protected]