REG-Board Changes <Origin Href="QuoteRef">VAST.L</Origin>

Vast ResourcesAnnouncement

18/12/2017 07:05

For best results when printing this announcement, please click on link below:
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20171218:nGNE9XgBNp


Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

18 December 2017

Vast Resources plc
("Vast" or the "Company")

Board Changes

Vast Resources plc, the AIM-listed mining company with operating mines in
Romania and Zimbabwe, announces that Mr Roy Pitchford has resigned from his
position as Chief Executive Officer and Director, effective from 31 December
2017.  Mr Andrew Prelea, the President of Vast's Romanian subsidiary, is
assuming the role of Chief Executive Officer and it is anticipated that he
will join the Board in due course.  

Brian Moritz, Chairman of Vast, commented: "Roy has had an invaluable
contribution to our Company - stewarding Vast from an exploration and
development company back in 2014, to a production company with two operating
mines and third due to come on stream in the very near future.  To say that
Roy has fundamentally changed this business is an understatement - and for
this, I am hugely grateful.

"When Roy joined the Board three years ago, Vast was almost exclusively
focussed on Zimbabwe, his country of birth and a place that he continues to
feel very passionately about.  Over subsequent years our focus has
increasingly turned to Romania and it is  this change that has prompted Roy
to step down as CEO, to be replaced by Andrew.  I am confident that Andrew is
well positioned to execute our strategic objectives in Romania, whilst
maintaining and expanding our interests in Zimbabwe.

"I would like to take this opportunity to thank Roy again for his considerable
input into the growth of Vast and I wish him well in all of his future
endeavours." 

**ENDS**

For further information, visit www.vastresourcesplc.com or please contact:

 Vast Resources plc Roy Pitchford (Chief Executive Officer)                    www.vastresourcesplc.com +44 (0) 20 7236 1177    
 Beaumont Cornish - Financial & Nominated Adviser Roland Cornish James Biddle  www.beaumontcornish.com                          
                                                                               +44 (0) 020 7628 3396                            
 Brandon Hill Capital Ltd - Joint Broker Jonathan Evans                        www.brandonhillcapital.com +44 (0) 20 3463 5016  
 SVS Securities Plc - Joint Broker Tom Curran Ben Tadd                         www.svssecurities.com +44 (0) 20 3700 0100       
 St Brides Partners Ltd Susie Geliher Charlotte Page                           www.stbridespartners.co.uk                       
                                                                               +44 (0) 20 7236 1177                             

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ("MAR").

Notes

Vast Resources plc is an AIM listed mining and resource development company
focussed on the rapid advancement of high quality brownfield projects and
recommencing production at previously producing mines in Romania.

Vast Resources currently own and operates the Manaila Polymetallic Mine in
Romania, which was commissioned in 2015.  The Company's portfolio also
includes the Baita Plai Polymetallic Mine in Romania, where work is currently
underway towards obtaining the relevant permissions to start developing and
ultimately commissioning the mine.

The Company also has interests in a number of projects in Southern Africa
including a 25 per cent. interest in the producing Pickstone-Peerless Gold
Mine in Zimbabwe.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of
Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Vast Resources plc via Globenewswire