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Goldstream appoints new Chairman

Tuesday, August 14th, 2007

Goldstream Mining ML has announced the appointment of Johann Jacobs as Chairman of Goldstream.

Mr Jacobs’ appointment adds considerable depth and breadth of experience to the Goldstream Board as the company moves towards production at the Cairn Hill iron ore/copper project in South Australia, advances the highly prospective Mt Woods tenements on the Gawler Craton and gains exposure to more than US$10 million of joint venture exploration in Tanzania.
Mr Jacob’s has more than 30 years experience in the resource sector where he has managed established companies, acquisitions, expansions or start-up mining operations in Australia, South Africa and Indonesia. His more recent roles have included Managing Director of the ASX-listed coal producer CIM Resources, and Managing Director of the ASX-listed mineral sands developer Australian Zircon, where he continues as a Non Executive Director. In addition, Mr Jacobs holds various directorships in private resource focused companies active in Australia and internationally.
Goldstream Managing Director Duncan McBain said:
“Attracting someone of the calibre of Johann to Goldstream to take on such an important role in the development of the company is a real vote of confidence in Goldstream’s assets and future growth plans,” Mr McBain said.
“Johann brings to the Board a wealth of experience in the resources industry and I believe his expertise in developing mines and acquisitions will be of particular benefit in the evolution and development of the company.
“We look forward to working with Johann during this exciting time in the evolution of Goldstream.”
Effectively immediately, in recognition of an increased work load and the need to bring in additional expertise as the company advances, current Chairman and Managing Director Duncan McBain will step down as Chairman and remain as Managing Director.

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