Horseshoe Metals Limited announced that at the AGM held on May 25, 2012 the shareholders appointed Michael Fotios to the board of directors. Michael Fotios, aged 50, has qualifications in Geology specialising in Economic Geology with extensive experience in exploration throughout Australia working with gold, base metals, tantalum, tin and nickel from exploration to feasibility over the last 28 years. He is currently a director of the unlisted company, Investmet Limited, a non-executive director of listed gold producer and explorer, Northern Star Resources Limited, a non-executive director of listed junior explorer Pegasus Metals Limited, and has previously held positions with Homestake Australia Limited, Galaxy Resources Limited, Tantalum Australia NL (now ABM Resources Ltd) and Sons of Gwalia Limited. Following Michael Fotios' appointment, Alec Pismiris has retired from the Board.