Leyshon Resources Limited Board Changes (9189T)

TIDMLRL

RNS Number : 9189T

Leyshon Resources Limited

26 November 2013

Leyshon Resources Limited

26 November 2013

BOARD CHANGES

Leyshon Resources Limited (AIM/ASX: LRL) ("Leyshon" or the "Company") advises that Mr. John Fletcher has resigned from the Board of directors with effect from 25 November 2013. Mr. Richard Seville, a non executive director of the Company, has agreed to assume the position of non-executive Chairman during the Company's transition period following the departure of Mr. Fletcher.

Mr. Fletcher has been Chairman of the Company for more than seven years and has played an important role in overseeing the development of the Company during that time, including preparations for the planned demerger of its unconventional gas assets. The remaining Board members would like to take this opportunity to thank Mr. Fletcher on behalf of the Company for his invaluable contribution and wish him every success in his future endeavours.

For further information please contact:

Leyshon Resources Limited

Paul Atherley - Managing Director

Tel: +86 137 1800 1914

admin@leyshonresources.com

Cantor Fitzgerald Europe

David Porter/Rick Thompson (Nominated Adviser)

Richard Redmayne (Corporate broking)

Tel: +44 (0)207 107 8000

Background

http://www.leyshonresources.com

Leyshon was on the ground in 2003 when China opened its mining sector to foreign investment. It has been fully engaged in China since then and has its main operating office located in Beijing.

China overtook the United States as the world's largest energy consumer in 2010, however on a per capita basis it still only consumes about 25% of the energy of the most developed nations. The government has recently described the country's increasing dependence on foreign energy sources as one of the "Grave challenges to energy security".

Its main policy response to this challenge is the rapid development of domestic unconventional gas resources, with a particularly focus on the Eastern Flank of the Ordos Basin. The aim is to rapidly increase the output of unconventional gas from the currently very low levels to an annual production of 6.5 billion cubic metres by 2015.

Leyshon, along with its partner China National Petroleum Corporation, is one of small number of companies exploring for and looking to develop unconventional gas production in the Eastern Flank of the Ordos Basin.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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