TIDMEUA

RNS Number : 8550L

Eurasia Mining PLC

18 May 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN EU REGULATION NO. 596/2014, INCORPORATED INTO UK LAW BY THE EUEOPEAN UNION (WITHDRAWAL) ACT 2018 AND IS IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 7 OF THAT REGULATION.

18 May 2022

Eurasia Mining Plc

New Director Appointed

Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company is pleased to announce that Artem Matyushok has been appointed as an independent Non-Executive Director of Eurasia with immediate effect.

Highlights:

-- Artem Matyushok served in senior M&A roles with major Natural Resource companies: total value of M&A deals executed is over $100bn

   --      Mr. Matyushok has 20 years' experience in Energy & Natural Resources 

-- He is PhD and CIMA (UK) qualified, with strong appreciation of Corporate Governance and diversity skills obtained through various assignments

-- Mr. Matyushok is a former Shell alumnus, where he participated in several development projects and later was involved in Shell's incipient Energy transition initiative including hydrogen and ammonia

AIM Disclosures

The following details in relation to the appointment of Mr Artem Vladimirovich Matyushok, aged 41, are disclosed in accordance with Schedule 2(g) of the AIM Rules:

 
Current directorships or partnerships  Previous directorships or partnerships 
                                        in the last 5 years 
H2Transition Capital LLP               OOO Ecco Ros 
Mav Capital Ltd                        China Carbon Neutral Development 
                                        Group Ltd 
OOO Mav Solyushens 
H2Transitions Capital Holdings 
 Ltd 
H4Transition Energy Limited 
 

Mr Matyushok holds no ordinary shares or options in the Company.

Christian Schaffalitzky, Executive Chairman commented: "The Directors are pleased that Artem Matyushok, a high profile M&A professional has agreed to join Eurasia. The experience of Artem and his knowledge of Eurasia can significantly speed up our Russian assets sale process ".

James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "We welcome Artem Matyushok on board to progress our M&A journey".

A copy of this announcement is also available on Eurasia's website at:

https://www.eurasiamining.co.uk/investors/news-announcements.

For further information, please contact:

Eurasia Mining Plc

Christian Schaffalitzky/ Keith Byrne

+44 (0)207 932 0418

SP Angel Corporate Finance LLP (Nomad and Joint Broker)

Ewan Leggat / David Hignell / Adam Cowl

+44 (0)20 3470 0470

Optiva Securities (Joint Broker)

Christian Dennis

Tel: +44 (0) 20 3137 1902

About Eurasia Mining Plc

Eurasia Mining plc is a PGM and battery metals producing company, operating the established West Kytlim Mine in the Urals, and also being the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits located 3km away from Severonickel, one of Norilsk Nickel's largest base metals and PGM processing facilities, near the town of Monchegorsk on the Kola Peninsula.

Eurasia's project portfolio also includes Nittis-Kumuzhya-Travyanaya (NKT), Tier-1 scale Nickel mine formerly operated by Norilsk Nickel.

A parallel business development strategy based on the Hydrogen Economy forms a new development arm of the Company.

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END

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May 18, 2022 10:07 ET (14:07 GMT)

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