Exploring for Gold and
Mineral deposits in New Zealand


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17th March 2010

Board Changes

The Board of Agricola announce the retirement of Dr Robert Young from the Board as Executive Chairman and a director of the Company with immediate effect.

The Board would like to express their thanks to Dr Young for the invaluable services he has provided to the Company in his many years as a Director.

Dr Young has a beneficial interest in 1,810,000 ordinary shares of the Company representing 1.12% of the issued share capital. As a result of Dr Young's retirement, the total of Directors shareholdings in the Company is now 1,220,000 ordinary shares representing 0.76% of the issued share capital of 160,455,489 ordinary shares.

The Board is pleased to announce the appointment of Mr Clive Sinclair-Poulton as the succeeding Executive Chairman of the Company with immediate effect. Mr Sinclair-Poulton studied law at Cambridge University graduating in 1978, before starting a twenty year career in investment banking in London with Citibank and Security Pacific (now Bank of America) as well as stockbrokers Hoare Govett (now ABN Amro). After founding and then selling a stockbroking firm, he became a founding shareholder and the Executive Chairman of AIM traded themutual.net. He has been involved in the natural resources sector for fifteen years.

Mr Sinclair-Poulton is the Executive Chairman of Beowulf Mining Plc and was a founding member of Tanzania Gold plc before it became Bezant Resources plc. He was CEO of AIM listed Bezant Resources plc, with copper and gold assets in Tanzania and the Philippines, until he stepped down in February 2008. He resides in Ireland.

English Directorships last five years


  • Beowulf Mining Plc
  • Borak Consultancy Ltd
  • Cymru Tanzania Gold Ltd
  • Mauroccan Gold Development Ltd


  • Anglo Tanzania Gold Ltd
  • Bezant Resources Plc
  • Emerging Markets Development Ltd
  • Institute for Orthodox Christian Studies Ltd
  • Noble Metals Ltd
  • Resource Catalyst Ltd
  • Sleipner Investments Ltd

Irish Directorships last five years

All current

  • Accedium Holdings (Ireland) Ltd
  • Accedium (Ireland) Ltd
  • AFI Morgan Ltd
  • Griffith Resources Ltd
  • Merchant Adventurers Company Ltd
  • Odyssey Advisers Ltd

The Directors of Agricola are responsible for the contents of this announcement.

For further information contact:-


Agricola Resources plc
Mr James Negaard
Tel: 020 8780 0933

Corporate Adviser

St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Tel: 020 7368 6959