Straits Resources Limited announced the appointments of Mr. Andre Labuschagne as Managing Director and Chief Executive Officer and Robert Brainsbury as Chief Financial Officer, effective immediately. This is a significant step forward in one of the company's five key objectives. Mr. Labuschagne has more than 20-years' experience in the mining industry at corporate and operational levels.

He has worked in South Africa, PNG, Fiji and Australia in various executive roles for a number of gold companies, including AngloGold Ashanti, Norton Gold Fields, Emperor Gold Mines and DRD Gold. Mr. Brainsbury is an experienced financial executive who will join the executive team as Chief Financial Officer. Mr. Brainsbury has held senior operational and finance roles with several blue chip industrial and resources companies including Norton Gold Fields, MIM, Xstrata, Rio Tinto and Brambles.

The company has previously announced that Mr. Milan Jerkovic will stand down as CEO and Director of Straits Resources at the end of March 2013. By mutual agreement, with the appointment of Mr. Labuschagne, effective immediately Mr. Jerkovic will now stand down as CEO and Director.