Tantalus Rare Earths AG: Tantalus announces extension of managing board

Tantalus announces extension of managing board
(Düsseldorf, March 28th 2011)
Tantalus Rare Earths AG of Düsseldorf, Germany, with its 300km² Rare Earth project in Northern Madagascar, announces today the appointment two new members to its management board, namely Mr. Andrew Paul Richards and Mr. Ivan James Bowen Murphy. The new members will join the existing board members and will add comprehensive experience in their respective fields to the company.

Mr. Andrew Paul Richards (aged 47) is a partner of Murphy Richards Capital LLP, a partnership with a focus on natural resources, property and financial services. Paul qualified as a UK Solicitor in 1987 and worked for Theodore Goddard specialising in English corporate and insolvency law. In 1996 he joined the corporate finance department of Hoare Govett. He joined Collins Stewart Limited in 1999 and left there in 2005 when he was part of the founding team at Fairfax I.S. PLC ('Fairfax'), a London based investment bank. In 2009 Paul joined Core Capital LLP, a boutique private equity firm. Paul has extensive corporate finance experience and during his time at Collins Stewart Limited and then at Fairfax, he led over 75 IPOs and secondary fundraisings on both London's Official List and AIM. He has also been involved in over 20 public takeovers acting for both the bidder and the target. He has been involved in a wide range of sectors but has particular expertise in property, financials, renewables and investment funds. Paul currently serves on the board of Q Resources PLC as a non-executive director.

Mr. Ivan James Bowen Murphy (aged 37) is a partner of Murphy Richards Capital LLP, a partnership with a focus on natural resources, property and financial services. He has a degree in Economics from University College Cork, Ireland and has 15 years' experience in capital markets. He started his career at Aberdeen Asset Management PLC, the FTSE 250 listed global asset manager, working in London, Miami and Singapore before returning to Ireland to become Managing Director of Aberdeen Asset Management Ireland Limited ('Aberdeen'). In 2003 he left Aberdeen to work as a consultant to a number of Irish and UK public companies assisting them in the disposal of asset management and life insurance assets. In 2005 he was one of the founders of Fairfax I.S. PLC ('Fairfax'), a London based investment bank, where he focussed on business origination and developing the business in the Far East. After leaving Fairfax in 2008, he acted as a consultant to US and Ireland based property developer Shelbourne Developments LLC negotiating with potential partners in China and the Middle East on the financing and construction of the Chicago Spire project. He joined Gazprombank-Invest in January 2009 and worked there as a senior executive until December 2010. Ivan is currently the non-executive chairman of Q Resources PLC and formerly a director of Cove Energy PLC.

About Tantalus Rare Earths AG
The mission of Tantalus Rare Earths AG is the identification and development of rare earth exploration and mining projects outside from China, mainly focusing on Africa. Administratively, Tantalus Rare Earths AG is located in Düsseldorf, Germany. Currently, the investment portfolio consists of 100 % of the Tantalus Rare Earths Project in Madagascar.

Tantalus Rare Earths AG
Berliner Allee 12
40212 Düsseldorf
Germany
Phone: +49 (0)211 52391 430
Fax: +49 (0)211 52391 510
e-Mail: contact@tre-ag.com
Internet: http://www.tre-ag.com/