TIDMGEO

RNS Number : 5019K

Georgian Mining Corporation

07 July 2017

7 July 2017

Georgian Mining Corporation ('GEO or 'the Company')

Board Changes

Georgian Mining Corporation announces that Anthony (Tony) Frizelle has resigned as Non-Executive Director and Chairman with immediate effect for personal reasons. The Board thanks Tony for his contribution and wishes him well.

Tony's successor as Chairman will be the subject of a further announcement.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

For further information please visit www.georgianmining.com or contact:

 
 Greg Kuenzel     Georgian Mining          Company        Tel: 020 7907 
                   Corporation                             9327 
 Ewan Leggat      S. P. Angel Corporate    Nomad &        Tel: 020 3470 
                   Finance LLP              Broker         0470 
 Damon Heath      Shard Capital Partners   Joint Broker   Tel: 0207 
                   LLP                                     186 9950 
 Frank Buhagiar   St Brides Partners       PR             Tel: 020 7236 
                   Ltd                                     1177

About Georgian Mining Corporation

Georgian Mining Corporation has 50% ownership and operational control of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines. The Bolnisi licence covers an area of over 860 sq km and has a 30-year mining licence with two advanced exploration projects; Kvemo Bolnisi and Tsitsel Sopeli. These projects are nearby existing mining operations owned by the Company's supportive joint venture partner. Georgia has an established mining code and is a jurisdiction open to direct foreign investment.

The Company is developing the project in three phases:

-- Phase 1: H1 2017 target to delineate a minimum of 1-2 Mt to support initial spare capacity (now achieved and exceeded)

-- Phase 2: 2017 target to delineate a 3-5 Mt resource of combined copper-gold sulphide and gold oxide mineralisation (on target)

   --     Phase 3: Long term target - to delineate a resource of 50Mt+

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 07, 2017 11:22 ET (15:22 GMT)

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