Cleveland Mining Co Ltd : Rick Stroud Appointed as Non-Executive Director

ASX Release

8th October, 2013

Rick Stroud Appointed as Non-Executive Director of Cleveland Mining

Cleveland Mining Company Ltd (ASX: CDG) is pleased to announce that Mr Rick Stroud will join the Board of Cleveland Mining as a Non-Executive Director, effective immediately.
Mr Stroud is a mining engineer with over 40 years' worldwide experience in the mining industry. Over the last 12 years he has held the position of General Manager for P&H Minepro for WA, SA and South-East Asia, Manager Mining and Alternate Resident Manager for Argyle Diamonds, Group General Manager Engineering for Snowden Mining Consultants and co-founder of Optiro Mining Consultants. Mr Stroud has had exposure to all facets of the mining industry from operations to corporate, most mineral commodities, open pit and underground and consulting to contracting. His specialist skills are in strategic and project management, operational optimisation, mentoring senior mining management and personnel and peer reviewing/ project managing mining studies and projects.
During his time with Snowden, Mr Stroud project managed the mining DFS for FMG on Cloud Break and various other iron ore studies, reviews on hematite, magnetite, CIDs and detritals while assisting in establishing an office in Belo Horizonte in Brazil. His gold experience has blanketed mines from Newmont on Batu Hijau in Indonesia, Freeport in West Papua, to mines in Australia, Africa, Mexico and Chile. Previous directorships have included Paget Gold Mining, International Brick and Tile and more recently Mr Stroud was a director of ASX-listed A1 Minerals Limited (now Stone Resources Australia Limited) from August
2010 to April 2011. He currently lives in Perth and is Non-Executive Chairman of Fodere
Mining, a private investment group investigating mining prospects primarily in Indonesia and
Australia.
Mr Stroud replaces Mr Jim Williams, who plans to retire as a Non-Executive Director following the next Board meeting on 1 November 2013. Mr Williams is stepping down from active mining roles in order to pursue other interests.
Mr Williams has held the role of Non-Executive Director since June 2010, prior to the Company's listing on the ASX in October 2010. During this time he has overseen the Company's transformation from early-stage explorer to gold producer, in a period that included exploration drilling, resource definition, feasibility studies, mine construction, commissioning and ramp up.

Corporate Information

ASX Code: CDG

Total shares: 240.5 million Listed options: 11.4 million Unlisted options: 30.6 million

Contact

Investor & Media Enquiries [e-mail]

Board of Directors

Non-Executive Chairman - Russell Scrimshaw Managing Director - David Mendelawitz Executive Director - Rod Campbell

Non-Executive Director - Jim Williams

Non-Executive Director - Rick Stroud

Head Office

Suite 3, Level 1, Rokeby Centre

254 Rokeby Road

Subiaco WA 6008

T: [phone]

F: [phone] [e-mail]
The Board of Directors wishes to thank Mr Williams for his stewardship during his time with the Company. Mr Russell Scrimshaw said: "On behalf of the Board I would like to thank Jim Williams for his invaluable contribution to Cleveland and wish him well for the future. I am very pleased that someone of Rick Stroud's deep experience in geology, development of mine plans, running mine operations and Senior Executive and Board experience, will add greatly to the capability of Cleveland Mining in achieving its production and development goals."

- Ends -

Further Information Mr David Mendelawitz Managing Director

[phone] [e-mail]

About Cleveland Mining Company Ltd

Cleveland Mining Company Ltd is an Australian-managed, ASX-listed minerals company squarely focused on developing projects into mines.

The Company's management team have a track-record for building billion-dollar projects from the ground up, providing Cleveland with the expertise to secure and build robust projects.

Cleveland has gold and iron ore assets in Brazil in areas with excellent mining credentials:

- Mining and production are underway at Cleveland's Premier Gold Mine JV in Goiás State in central Brazil. The Company is working to add throughput from the O Capitão project, which is less than 10km from the Premier Mine.

- Cleveland has formed a strategic alliance with ASX-listed company BC Iron Ltd (ASX: BCI) to co-acquire and co-develop new iron projects in Brazil as joint venture partners. The companies recently signed binding Option Agreements for three Brazilian iron projects.

Cleveland has a different approach to project selection with project economics driving target selection. Projects are chosen according to their likelihood of generating returns at the bottom of the economic cycle.

Forward-looking Statements

Forward-looking statements can be identified by the use of terminology such as 'intend', 'aim',

'project', 'anticipate', 'estimate', 'plan', 'believe', 'expect', 'may', 'should', 'will', 'continue' or similar words. These statements discuss future expectations concerning the results of operations or financial condition, or provide other forward looking statements. These forward looking statements are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results to differ materially from those expressed in the statements contained in this ASX update. Readers are cautioned not to put undue reliance on forward looking statements.