– AUSTRALIA, Perth – Ferrum Crescent, the ( ASX / AIM / JSE : FCR), quoted metals project developer, today announces the resignation of Mr Klaus Borowski from the Board of Directors of the Company. Mr Borowski has been a Non-Executive Director of the Company since IPO and now leaves the Board to pursue other interests.

The Company is pleased to announce the appointment of Mr Laurence Read to the Board as a Non-Executive Director of Ferrum Crescent. Mr Read, a UK resident, has acted as a strategic and communications consultant to Ferrum Crescent for seven years, during which time he has contributed significantly to the Company. He will continue in this role as Non-Executive Director. He has sixteen years’ experience in advising public and private companies on investor relations, in particular in the natural resources sector. Both changes to the Board are with immediate effect.

Commenting today Justin Tooth, Executive Chairman, said: “On behalf of the Board, I would like to thank Klaus for all his commitment and work at Ferrum Crescent over the past ten years. We wish him well in retirement. As the Company progresses with the development of its assets, we welcome Laurence Read to the Board of Ferrum, noting his contribution in the recent developments of the Company as a consultant. We have a strong team on the Board and in senior management and I look forward to updating the market on our operational news shortly.”

For more information : http://ferrumcrescent.com

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