PEARL Gold AG

Board/Management Information • Apr 28, 2014

News Details

Ad-hoc | 28 April 2014 17:40

Pearl Gold AG: Resignation of both board members of Pearl Gold AG

Pearl Gold AG / Key word(s): Change of Personnel

28.04.2014 17:40

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Resignation of both board members of Pearl Gold AG

• Resignation of both Management Board members of Pearl Gold AG

• Supervisory Board has begun search for successor

Frankfurt, 28 April 2014. Pearl Gold (ISIN: DEOOOAOAFGF3). During the last
week, Jean-Louis Dupuy and Lutz Hartmann resigned with immediate effect
from their position as members of the Management Board. Jean-Louis Dupuy
resigned for health reasons, whereas Lutz Hartmann justified leaving Pearl
Gold AG because of strategic differences with Wassoul'Or SA and Pearl Gold
AG, as well as the poor information flow and the missing involvement in the
strategic decision making process.

The Supervisory Board of Pearl Gold AG under the presidency of Robert
Goninon has begun the search for a successor. Lutz Hartmann has expressed
his willingness to assist in the transitional management until the
nomination of a new Board.

The exact date for the general meeting of Pearl Gold AG will be published
shortly.

Pearl Gold AG

Pearl Gold AG is a project developer and active investor listed in the
General Standard of the Frankfurt Stock Exchange, based in Frankfurt. The
company focuses on investments in West African exploration and mining
corporations, especially in the field of gold and other precious metals.
The first investment of Pearl Gold is the Malian mining company Wassoul'Or,
in which Pearl Gold has a stake of 25 per cent. Wassoul'Or concentrates on
the exploration and production of gold and runs the Kodiéran gold mine in
the South of Mali. For further information as well as the securities
prospectus visit http://www.pearlgoldag.com

For Inquiries:

MSL Financial
Press@pearlgoldag.com
Tel: +49 (0) 69 6612456 8327

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information
included in this news release constitutes "forward-looking statements". The
words "expect", "plan", "will", "intend", "estimate" and similar
expressions identify forward-looking statements. Forward-looking statements
are necessarily based upon a number of estimates and assumptions that,
while considered reasonable by management, are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. The Pearl Gold AG cautions the reader that such
forward-looking statements involve known and unknown risks, uncertainties
and other factors that may cause the actual results, performance or
achievements of the Company to be materially different from the Company's
estimated future results, performance or achievements expressed or implied
by those forward-looking statements and the forward-looking statements are
not guarantees of future performance. These risks, uncertainties and other
factors include, but are not limited to, risks associated with the mining
industry such as government regulation, environmental and reclamation
risks, title disputes or claims, success of mining activities, future
commodity prices, costs of production, possible variation in mineral
reserves, mineral resources, grade or recovery rates, failure of plant,
equipment or processes to operate as anticipated, accidents, labour
disputes, the timing of estimated future production, capital expenditures,
financial market fluctuations, requirements for additional capital,
conclusions of economic evaluations, limitations on insurance coverage,
risks associated with using third-party contractors and inflation. The
Company disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events or otherwise, except as required by applicable law.

28.04.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Pearl Gold AG
Neue Mainzer Straße 28
60311 Frankfurt
Germany
Phone: +49 (0) 69 971097 555
Fax: +49 (0) 69 971097 202
E-mail: info@pearlgoldag.com
Internet: www.pearlgoldag.com
ISIN: DE000A0AFGF3
WKN: A0AFGF
Listed: Regulierter Markt in Frankfurt (General Standard)

End of Announcement DGAP News-Service

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