Caravel Minerals Limited announced that Mr. Peter Alexander has joined the board as a non-executive Director. Peter Alexander has had 40 years experience in the Australian and international mining and exploration industry. He was Managing Director of Dominion Mining Limited for 10 years prior to his retirement in January 2008.

Mr. Alexander was appointed a Non-Executive Director of Dominion Mining Limited in February 2008 and resigned on 21 February 2011. Mr. Alexander is also Chairman of the ASX listed company Doray Minerals Limited. Mr. Alexander was appointed to the Kingsgate Board on 22 February 2011 and is a member of the remuneration committee.

Mr. Rowen Colman has joined the company as the Chief Financial Officer. Mr. Colman is a Chartered Accountant with over 25 years of successful senior financial management experience in various global industries and holds a Bachelor Degree in Commerce from the University of NSW, Australia. Recently Mr. Colman spent time as Development Director for a major sovereign wealth fund in the Middle East managing multiple development projects and guiding the company from start-up to global powerhouse by establishing policies, procedures, group structures and negotiating development deals throughout the Americas, Europe, Africa, Asia and the Middle East.

He is currently Director of Finance of Forsys Metals Corp, a Toronto Stock Exchange listed company in the uranium sector. The company announced that Mr. Tony Poustie join from Kingsgate Consolidated Limited as the Director Exploration. Mr. Poustie is a fellow of the Australian Institute of Mining and Metallurgy.

He is a geologist with 44 years international experience in mineral exploration, resource definition, project evaluation and development, and mining.