The latest news release from Extract resources reveals the appointment of a new chief Executive Officer, Jonathan Leslie, as follows:

Extract Resources Ltd a uranium exploration and development company with projects in Namibia, today announces the appointment of Mr Jonathan Leslie as the Group’s Chief Executive Officer (CEO) with immediate effect. Mr Leslie will join the Board of Extract in due course.

Mr Leslie is a highly experienced mining executive, with extensive operational and management knowledge of the global mining industry which includes experience in uranium marketing and project management.

He was on the Board of Rio Tinto PLC for 9 years, and CEO of two of Rio Tinto’s major product groups. He has broad experience of uranium marketing having spent four years responsible for Rio Tinto’s worldwide uranium sales into the Far East and Asia. His involvement in uranium continued with his appointment as Managing Director of Rössing Uranium where he developed close relationships with the Namibian government and related agencies.

More recently, Mr Leslie served as Executive Chairman for the major AIM-listed mining company, Nikanor plc, formed to develop the world class KOV copper/cobalt project in the Democratic Republic of Congo. Prior to his role with Nikanor, Mr Leslie was CEO of Sappi Ltd, from 2003 to 2006.

Extract’s Chairman, Mr Stephen Galloway, said Mr Leslie had emerged as the outstanding candidate for the role following an extensive international search.

Mr Galloway said, “I am delighted to announce Jonathan’s appointment as Extract’s CEO, during this crucial stage in the company’s evolution from mid-cap explorer to a tier-one uranium asset developer. Jonathan brings a wealth of knowledge and global leadership. The networks developed by Jonathan in banking and finance, and thorough understanding of uranium mining, markets and customers, will add tremendous value to Extract as the company moves towards full production of the Rössing South deposit.”

Mr Leslie said, “The prospect of leading one of the most globally significant uranium projects is what attracted me to this role. I look forward to leading Extract as it realises its potential as one of the largest global uranium producers and a major player in the resources sector.”

Extract Resources Limited trades on both the Canadian and Australian Stock Exchanges under the symbol of EXT is based in Perth, Western Australia.

All the best.

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