Georgian Mining appoints David Ajemian to its Board as Non-Executive Director

– UK, London – Georgian Mining Corporation (LON: GEO), the gold-copper exploration and development company, today announced the appointment of David Ajemian, a prominent natural resources and growth company investor and entrepreneur, as a Non-Executive Director with immediate effect.

” I am delighted to announce David’s arrival to the GEO team. Through his position on the Board, I am confident that GEO will benefit from David’s extensive network of natural resources orientated investors and professionals as we look to unlock the value of our Bolnisi Copper and Gold Project and expand our portfolio with additional high-quality assets,” said Neil O’Brien, the Chairman.

Laurence Mutch, who has held the position of Non-Executive Director since March 2017, will be stepping down from the Board with immediate effect in order to concentrate on his other business interests.

Neil O’Brien, the Chairman, said: “I would like to thank Laurie for his considerable and invaluable contributions during his time with GEO. The past three years has been marked by numerous operational achievements as well as lengthy administrative frustrations, and Laurie has been a hugely supportive force behind the Company throughout this entire period. On behalf of the Board, I would like to wish him well in his future endeavours.”

About David Ajemian

David Ajemian is successful mining, energy, technology and media investor and entrepreneur with access to high-quality assets and investment opportunities with the potential for significant growth. In recent years, David has been a director of Aznav Ltd and E-Metals Plc, with a mandate to seek investment in opportunities across multiple sectors and jurisdictions, with a particular focus on undervalued mining assets with past production histories. Before moving into the growth company and investment arena, David was a successful professional sportsperson and sports manager. David’s multi-sector experience, partnered with his fluency in Arabic and Armenian, has allowed him to develop a broad network of business and investor contacts in the Middle East and internationally.

About Georgian Mining Corporation

Georgian Mining Corporation has 50% ownership of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines. The Bolnisi concession covers an area of over 860 sq km and has a 30-year mining licence with a variety of targets and projects ranging from greenfield exploration/target definition phase through intermediate target-testing phases to more advanced projects including Kvemo Bolnisi East which is due to advance to Feasibility Study.

The Company continues to assess the potential for expanding the Company’s portfolio through the addition of new assets, which have the ability to add value in the short term.

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