– UK, London – Pathfinder (AIM:PFP), is pleased to announce the appointment of Robert Easby as Finance Director and as Company Secretary of the Company with immediate effect.

Mr Easby brings business and financial experience to the Company having previously been Finance Director at I M Power Developments Limited, a company set up to construct power stations in the former CIS, Asia, the Middle East and Africa. Mr Easby was a key member of the Board that prepared the Company to be reversed into I M Power PLC, a company seeking a listing on the AIM market. Mr Easby qualified as a Chartered Accountant in 2000 and spent his early career in Audit compliance and as a Company Law specialist within a large regional Chartered Certified Accountancy practice. He has recently been assisting the CFO of a listed pharmaceutical group with their corporate governance and compliance responsibilities relating to financial and taxation reporting requirements.

Nick Trew, Chief Executive of Pathfinder commented: “I am delighted that Robert has joined the Board as we continue to focus our efforts on recovery of the Company’s assets for the benefit of the Project and Pathfinder’s shareholders.”

Pathfinder Minerals Plc is incorporated in England & Wales and is admitted to trading on the AIM market of the London Stock Exchange.

CMdN, a subsidiary of Pathfinder, was issued mining concession licences 760C and 4623C on 13 September 2004 and 13 July 2011 respectively, each for a period of twenty-five years. Taken together, these mining concessions cover approximately 32,000 hectares of land on the Indian Ocean coast of the Zambezia province of Mozambique, known to contain the heavy minerals, ilmenite, rutile and zircon.

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