BEZANT RESOURCES PLC

Board/Management Information • Sep 30, 2013

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RNS Number : 2964P

Bezant Resources PLC

30 September 2013

30 September 2013

Bezant Resources Plc

("Bezant" or the "Company") (AIM: BZT)

Notification of the Death of Gerry Nealon, Executive Chairman

It is with deep sadness that the board of Bezant announces that Gerry Nealon, Executive Chairman, passed away late on Friday 27 September 2013. Gerry was instrumental in progressing one of the industry's most cost effective exploration programmes. Under his Chairmanship, Bezant delineated one of the world's largest deposits of JORC Code standard copper-gold reserves and resources at its flagship Mankayan Project in the Philippines. The Company subsequently negotiated and entered into a major option agreement with Gold Fields Netherlands Services BV, a wholly-owned subsidiary of Gold Fields Limited, in respect of the potential disposal of this asset which has already generated significant value for Bezant's shareholders with a return of capital of approximately £5.2 million completed in May 2013. His work and abilities have left the Company well positioned to build real equity value for shareholders going forwards.  

Dr Evan Kirby, Non-Executive Director, will assume the role of Non-Executive Chairman on an interim basis with immediate effect.

Bernard Olivier, Chief Executive Officer of Bezant, commented:

"On behalf of everybody at Bezant, I would like to express our sincerest condolences to Gerry's family and friends. Gerry will be sorely missed by all at Bezant and I will personally miss his friendship. Gerry was an inspiring person with an utter focus and determination to build value in the Company. Our thoughts are with all of his family at this time. "

For further information, please contact:

Bernard Olivier Chief Executive Officer, Bezant Resources Plc     Laurence Read Director / Communications Officer, Bezant Resources Plc                            James Harris / Matthew Chandler / James Dance Strand Hanson Limited                                                           James Maxwell / Jenny Wyllie N+1 Singer                                               or visit http://www.bezantresources.com

Tel: +61 40 894 8182 Tel: +44 (0)20 3289 9923 Tel: +44 (0)20 7409 3494 Tel: +44 (0)20 3205 7500 Tel: +44 (0)20 7653 9855

This information is provided by RNS

The company news service from the London Stock Exchange

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