After last week's Extraordinary General Meeting in Central Asia Gold AB ("CAG")
a new group management team has now been appointed:
As previously informed Mr. Sergey Gorbachev has been appointed CEO of Central
Asia Gold AB. Sergey was born in 1973 and holds a university degree from the
Moscow State Geological Academy. He has also studied at the University of Texas
in Austin. Sergey Gorbachev was in early 2008 appointed Managing Director of
the NMC-companies now belonging to Central Asia Gold AB. Prior to that he has
since 1996 held various leading positions in the Russian industry, whereof one
was as Managing Director of the representative office of a Swedish electricity
utility company in Moscow. Sergey has for many years worked together with and
been an advisor of Mr. Preston Haskell, new main owner and Chairman of Central
Asia Gold AB.
Mr. Yury Ivanov has been appointed Chief Financial Officer (CFO) of the group.
Yurij was born in 1976 and has graduated from the Moscow State Financial
Academy. During 1999 - 2004 he served as CFO of Forum Properties, which is a
Russian real estate development company, and has thereafter served as CFO for
the companies belonging to NMC (now to CAG).
Mr. Vladimir Shmakov has been appointed Chief Legal Officer (CLO). Vladimir was
born in 1967 and has graduated from the Moscow State Institute for
International Relations. He also holds a PhD in international law. Vladimir has
previously worked in the Russian ministry for foreign affairs and thereafter in
the Moscow real estate sector.
Preston Haskell, Chairman of CAG, comments: "This team, lead by Sergey
Gorbachev, has worked with me for several years, they have always delivered on
expectations, so it is with great confidence I see them taking on the
leadership and development of the "New" Central Asia Gold"
New CEO Sergey Gorbachev says: "I look forward to the challenge, and see great
opportunities in Central Asia Gold which is a great company with solid assets
in a very fragmented attractive industry."
All members of the group management team are fluent English speakers.
For more information, please contact:
Vice Chairman Lars Guldstrand, cell phone +46 705 288181,
email: lars.guldstrand@centralasiagold.se
Chairman Preston Haskell, cell phone +7 903 1303753, email:
preston.haskell@centralasiagold.com
Website: www.centralasiagold.se, Mail and visiting address: Brovägen 9, SE-182
76 Stocksund
Central Asia Gold AB is a Swedish mining company focused on gold production and
exploration in Russia and Mongolia in the central parts of Asia. The gold
production was initiated in late January 2005 and the assets today encompass
some 770,000 troy ounces (1 troy ounce = 31.1 g) of C1/ C2 Russian gold
reserves.
Cautionary Statement: Statements and assumptions made in this report with
respect to Central Asia Gold AB's ("CAG") current plans, estimates, strategies
and beliefs, and other statements that are not historical facts, are
forward-looking statements about the future performance of CAG. Forward-looking
statements include, but are not limited to, those using words such as "may",
"might", "seeks", "expects", "anticipates", "estimates", "believes",
"projects", "plans", strategy", "forecast" and similar expressions. These
statements reflect management's expectations and assumptions in light of
currently available information. They are subject to a number of risks and
uncertainties, including, but not limited to, (i) changes in the economic,
regulatory and political environments in the countries where CAG operates; (ii)
changes relating to the geological information available in respect of the
various projects undertaken; (iii) CAG's continued ability to secure enough
financing to carry on its operations as a going concern; (iv) the success of
its potential joint ventures and alliances, if any; (v) exchange rates,
particularly between the Russian rouble and the U.S. dollar. In the light of
the many risks and uncertainties surrounding any gold production and
exploration company at an early stage of its development, the actual results
could differ materially from those presented and forecast in this report. CAG
assumes no unconditional obligation to immediately update any such statements
and/or forecasts.
