Tuesday, September 18, 2007

Mano River resources annnounces board restructuring

To support its change in focus from exploration to mine development, Mano River Resources Inc., with divisions on diamonds, gold and iron ore in West Africa, has announced a restructuring of its Board, effective as of October 1, 2007. As such, Guy Pas, founder of Mano, which operates in Liberia, Sierra Leone and Guinea, has stepped down as Chairman, a position he has held since 1998. He will remain on the Board as a non-Executive Director. David Barry Evans will join the company as Executive Chairman. David has more than 30 years of experience across the natural resources sector, with particular expertise in the development of precious and base metal projects for large mining companies and emerging producers.

Mano’s Dr. Tom Elder will be stepping down as President and Chief Executive Officer after nine years but will remain on the Board as Non-Executive Director. Luis Guilherme Cabrita da Silva, presently Mano’s Chief Financial Officer, will be appointed President and Chief Executive Officer on October 1, 2007. Luis has been with Mano since February of this year.

Outgoing President and CEO Dr. Tom Elder stated, “I would like to thank our Chairman, Guy Pas, for his unrelenting and pioneering contribution to the Company since inception which has been critical to building Mano’s portfolio of assets. As the Compnay is moving its focus from resource definition to the mine development of its core assets, I am delighted that we have been able to secure the expertise of David Evans as Chairman… Additionally I am extremely pleased with Luis da Silva’s accession to CEO

Tacy Ltd