TORONTO, ONTARIO — (Marketwired) — 05/21/13 — Moly Mines Limited (TSX: MOL)(ASX: MOL) advises that non-executive director Mr. Andy Zhmurovsky has today resigned from its Board effective immediately. Mr. Zhmurovsky had been nominated by the Company-s shareholder, EIG Global Energy Partners (EIG), under a contractual arrangement between EIG and the Company made in 2008. EIG has indicated that it does not intend to nominate a replacement for Mr. Zhmurovsky at this stage but it retains its right to do so.
The Board and the Company-s major shareholder, Hanlong Mining Investment Pty Ltd, have agreed that independent non-executive director Mr. David Craig will remain on the Board and will not be replaced as part of the Board replacement process announced on 10 April 2013.
Non-executive Chairman Mr. Michael Braham commented: „Mr. Zhmurovsky has made an outstanding contribution to the Company during the past three years and we thank him for that. He will be missed as a colleague and director.“
ABN 32 103 295 521
Contacts: Moly Mines Limited Natalie Frame Investor Relations +1 416 777 1801 +1 416 371 7541
Moly Mines Limited Martijn Bosboom Company Secretary +61 8 94293300
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