Minera Gold : Board changes post outcome of AGM

28 May 2015

The Directors of Australian gold and copper producer, Minera Gold Limited (ASX Code : MIZ) (Minera Gold or the Company) advise that following the completion today of the Company's 2015 Annual General Meeting (AGM) in Perth, Australia, the following changes to composition of the Minera Gold Board, are in effect:
1. Mr Miguel Cardozo resigned from the board prior to the meeting. The Company advises that resolution 4 in the Company's Notice of Annual General Meeting dated 28 April 2015 was withdrawn at the AGM as it related to the re-appointment of Mr Cardozo by rotation under the Company's constitution and was no longer relevant.
2. Mr Brett Heath retired during the AGM. In accordance with the constitution of the Company Mr Heath sought re-election as a non Executive Director, however this resolution was defeated on a show of hands during the meeting.
3. Following the resignation and non re-election of two of the four Directors of the Company, the remaining
Directors ratified the appointment of two replacement Directors post the conclusion of the AGM, with the successful appointees being Messrs Ismael Benavides and Campbell Baird.
The Company advises that Mr Ismael Benavides' appointment as a non-Executive Director and Chairman is with immediate effect. Mr Benavides was previously a Director of Minera Gold but resigned due to compe ng or priorities that have subsequently lessened and now permit him to devote significantly more time to Minera Gold's operations in Peru.
In addition, the Company welcomes the appointment of Mr Campbell Baird to the Board as a non-Executive Director with technical oversight for Minera Gold's operations in Peru. Mr Baird is well known for his role in leading Focus Minerals Ltd from a junior producer to a successful midcap producer of more than 175,000ozs of gold per annum.
The CV's of Messrs Benavides and Baird are attached as an annexure to this announcement.
Commenting on the composition and expertise of the new Minera Gold Board, Mr Ashley Pattison, CEO and Managing Director, said "We elcome Ismael bac to the Board of Minera Gold in a formal capacity as our new Chairman based in Peru, and also look forward to working closely with Campbell who has extensive experience in running public companies and gold and base metals operations around the world."
"Both ne Directors have committed to be hands on in making Minera Gold a great success for all shareholders and to working closely with the recently appointed operations team in Peru to see the exceptional production, development and exploration assets of the Company deliver for all stakeholders," he added.
For more information on Minera Gold please visit our web site at www.mineragoldlimited.com or email us at admin@mineragoldlimited.com.

-ENDS-

1 Address: 45 Ventnor Avenue, West Perth, WA 6005

Ph: +61 8 9200 1860 - Fax: +61 8 9200 1861

Email:admin@mineragoldlimited.com
For and on behalf of the Board,

Ashley Pattison

Managing Director

For further information, please contact:

Investor Relations: Media Enquiries:

Daniel Renaud or Thomas Renaud Kevin Skinner

+ 1 212 619 6889 +61 (0) 414 822 631
enquire@arrowheadbid.comkevin@fieldpr.com.au

Company Profile: www.abid.co/ASX.MIZ

About Minera Gold Limited

Minera Gold is the owner and operator of a gold and copper business in a well-established mining region of southern Peru. A centralised processing plant with three separate circuits produces very clean copper concentrate and copper cement in addition to loaded carbon from the CIP circuit, with feed sourced from third party operators as ell as from Minera Gold's 100% owned mines.
The copper assets of Minera are contained within 7,800Ha of under explored concessions that surround the San
Santiago processing plant currently being mined for copper, with an attractive gold and silver credit.
Minera's gold assets include its mines at the Torrecillas Project and the exciting exploration targets at its Tumi Project. At Torrecillas, a number of high-grade narrow gold veins have historically been in production. These two projects, just 180kms from the processing plant, are part of 16,000Ha of highly prospective concessions including two large tonnage, low-grade disseminated targets containing known gold and copper with silver and molybdenum mineralization also identified at the Tumi target.

Annexure - Detail ed C V's of the new Miner a G ol d Dir ec tors

Mr Benavides was previously a director of Minera Gold from December 2012 through to September 2013. Mr Benavides, 68, is widely respected in Peru's financial and agricultural sectors and is increasing his involvement in the Peruvian mining industry through a number of recent initiatives.

Mr Benavides is currently a non-executive director of Peru's fifth largest bank, Ban Bif that has operations throughout Latin America. He is also very active in a NGO in Peru with a number of former colleagues that is working with mining companies operating in Peru to negotiate and work with local communities for the long term benefit of all parties and has substantial experience dealing with key stakeholders in Southern Peru where the Company's assets are located.

Mr Benavides was most recently the Finance and Economic Minister for Peru under the former Garcia

Government in Peru. Prior to that, he served as agricultural minister for Peru from 2007 to 2008.

Prior to commencing his political career, Mr Benavides held the role of chief executive of privately-held Interbank. Mr Benavides oversaw the strategy to acquire the failing; state-controlled bank during a privatization of the financial sector initiated by former President Alberto Fujimori and built Interbank into one of Peru's largest financial institutions. Mr Benavides also served as president of the country's banking association until being approached to move into his political role.

In addition to his financial and political career, Mr Benavides oversees his extensive family owned agricultural interests in Southern Peru are operated through Agricola Santa Fe and Empacadora y Procesadora Huamani.

Campbell Baird (Independent), has over 20 years of mining experience, as former CEO of Focus Minerals Pty Ltd, a Western Australian gold producer, he increased annual gold production from 5,000 ounces in 2008 to 175,000 ounces in 2012. This was achieved through organic development and strategic acquisitions.

Prior to holding this position Campbell had extensive international experience developing projects in Finland for

Vulcan Resources and leading multiple feasibility studies across multiple commodities for SRK Consulting. Campbell has a bachelor of Engineering (Mining) from UNSW and a Masters of International Finance from

Curtain University and is a Member of the AusIMM & AICD.

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