The Board of Terramin Australia Limited announced the appointments of Mr. Feng Sheng and Mr. Kevin McGuinness as non-executive directors, effective immediately. Mr. Sheng is Chairman of Melbourne based ASIPAC Group. Mr. Sheng has owned and operated several businesses over the years predominantly focused in property investment and development. Asipac Group is an active investor in the resources sector and is an active member of the Australia China Business Council and sponsors this organisation at national and state level. Mr. McGuinness is a finance executive with more than 20 years of experience as a director and in executive management with ASX listed and private companies in the mining, medical equipment industries and not-for-profit organisations. Mr. McGuinness was previously the Chief Financial Officer of Exact Mining Services. Mr. McGuinness is the current Chairman of Zero Waste SA, a director and former Chairman of the Royal Zoological Society of SA and a former director of Ellex Medical Lasers Limited. In addition, Terramin advises that Mr. Peter Zachert has tendered his resignation from the Board to focus on his current executive role.
Mr Zachert's resignation will be effective on 30 April 2013.