Red Mountain Mining Ltd. confirmed the appointment of Mr. Jon Dugdale as its new Managing Director, effective 1 April 2013. Mr. Dugdale then spent four years as an analyst with the Asian Lion Fund, part of Lion Selection Group, and from February 2010 was President and CEO of Mindoro Resources Limited. On 18 December 2012, the company executed an Employment Agreement with Mr. Jon Dugdale, pursuant to which Mr. Dugdale assumed the full time role of Executive Director Development and Operations.

It further noted that Mr. Dugdale would transition to Managing Director by 30 March 2013 after resigning as President and CEO of Mindoro, effective 21 December 2012. The company announced that, from May 1, 2013, Executive Chairman, Mr. Neil Warburton, will assume the role of Non-Executive Chairman.