West Africa Mining Holding AG expands its board of directors with experts for pioneer markets

West Africa Mining Holding AG / Change of Personnel

19.03.2010 08:30

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this
announcement.

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As already previously announced, at the upcoming general meeting of West
Africa Mining Holding AG, the former Portuguese international football star
Luis Figo will be recommended for election to the board of directors (see
communication from 12th March 2010). As a member of the board of directors,
Luis Figo will not only provide the company with valuable contacts, but he
will also take an 11% share in the company through his private investment
holding company, Damafh S.G.P.S. Lda., in Lisbon.

Alongside Luis Figo, well-known expert in capital markets Swen Lorenz is
also standing for election to the board of directors of West Africa Mining
Holding AG.

Mr Lorenz is a renowned expert in locating investment opportunities in
newly industrialised countries and pioneer markets. He was instrumental in
the founding and creation of Speymill Macau Property Company, a property
company listed in London which has been able to increase its equity to
around $150m in two rounds of financing and therefore became one of the
first large foreign investors into Macau's property market. Mr Lorenz was a
member of the board of this company between November 2006 and July 2009.
Through his work as a private investor, writer, columnist and regular
television guest, he is able to provide an extensive and close-nit network
for the company. Amongst other things, he will help the company by opening
up sources of finance on the international capital market.

'In West Africa, there are still under-developed markets in the traditional
sense. Any type of operative business creation in this area represents an
enormous challenge. However, this type of pioneer market offers the chance,
if successful, to achieve extraordinarily high returns,' says Lorenz. 'West
Africa Mining Holding AG finds itself at an early stage of development into
which I would like to bring my experience from other similar projects and
support the company management in strategic measures and capital market
issues'.

Subject to the vote of the general meeting, the newly-formed board of
directors will consist of Mr Swen Lorenz (chairman of the board of
directors), Luis Figo (board of directors) and Peter Sommer (board of
directors).

The general meeting is scheduled for the end of April. Further information
will follow in terms of an official invitation.

More information at:

West Africa Mining Holding AG
Untermüli 6
CH-6300 Zug
Switzerland

ISIN  CH0045659973
WKN  A0Q9UR

Email  info@westafrica-mining.com
Internet http://www.westafrica-mining.com

Telephone +41 (44) 586 0 111

About West Africa Mining Holding AG

West Africa Mining Holding AG operates as an investment company focussing
on exploration, mining, petroleum and gas producers. Westafrica Mineral
Mining Ltd. is a 100% subsidiary of West Africa Mining Holding AG. West
Africa Mining Holding AG's business model is based on the financing and
development of young exploration companies with an over-average potential
in discovering and extracting mineral resources. The investment horizon
extends to a period of two to five years.


19.03.2010 Ad hoc announcement, Financial News and Media Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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