MINERAL COMMODITIES LTD — Board/Management Information 2012

Dec 20, 2012

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Mineral Commodities Ltd

ABN 39 008 478 653

40 Murray Road North Welshpool WA 6106, Australia PO Box 235, Welshpool DC WA 6986, Australia Telephone: 61 8 6253 1100 Facsimile: 61 8 9258 3601 Email: info@mncom.com.au Web: www.mncom.com.au

**21

December 2012**

**Appointment

of Independent Non-­‐Executive Directors**

Mineral Commodities Limited (“ MRC ” or the “ Company” ) (ASX: MRC) is pleased to advise that at the general meeting of shareholders held today, shareholders resolved to appoint Mr James Leahy and Mr Guy Walker as directors of the Company.

_**Mr

Guy Walker**_

Mr Walker has over 20 years financial markets experience as a director and senior investment management executive.

Mr Walker currently sits on the boards of several companies including Metals Exploration plc; an AIM listed gold development company; Navigator Resources an ASX listed gold production company and ENK plc, a Nickel mining company. Mr Walker is a former Fund Manager and Chief Operating Officer of Talisman Global Asset Management Limited and former Group Treasurer of the William Pears Group. Mr Walker joined Talisman in March 2000 and held the positions of Fund Manager and Chief Operating Officer until April 2006. During this period he supervised the growth of Talisman from its infancy to a fully registered UK FSA investment management company with over £500 million under management.

As Group Treasurer for over six years of the William Pears Group, a multi-­‐billion pound company, he was responsible for the group’s treasury function, arranging company financing and negotiating banking facilities.

_**Mr

James Leahy**_

Following a stint on the London Metal Exchange, Mr Leahy has spent the past 27 years in the mining industry as a specialist corporate broker, including mining finance, origination and equity sales.

He has worked on a wide range of projects, worldwide, ranging from industrial minerals, precious metals, copper, diamonds, coal, uranium and iron ore. Mr Leahy has substantial experience with international institutional fund managers, hedge funds and sector specialists. Over the years Mr Leahy has been involved in more than 30 IPO’s and a large number of primary and secondary placings, developing junior companies through to production and beyond. Mr Leahy is currently a director of Continental Coal, Bacanora Minerals and Forte Energy.

Both James and Guy bring a wealth of experience to the Board of MRC, and will assist in enhancing the governance processes of the Company as it develops and implements its strategy of being of a significant participant in the mineral sands market.

The Board of MRC, welcomes the new appointees and looks forward to their valuable contribution to the Company.

**FOR

FURTHER INFORMATION PLEASE CONTACT:**

Mr Andrew Lashbrooke CEO Mineral Commodities Limited alashbrooke@mrc-­‐res.co.za +27 21 4171700