AIC Mines Limited ('AIC' or 'the Company') (ASX: A1M) is pleased to announce the commencement of Mr Michael Frame as the Chief Financial Officer of the Company. Mr Frame has over 13 years' experience in commercial and financial functions with gold and copper mining companies.

He has gained significant experience from site-based roles in Australia and the Asia Pacific. Most recently he was the Group Finance Manager at Evolution Mining Limited (ASX: EVN) where he oversaw the statutory accounting, management reporting, shared service and group-wide payroll functions. Prior to this he was the onsite Commercial Manager for the Mt Carlton Gold Mine located in North Queensland. Mr Frame holds a Bachelor of Commerce, a Bachelor of Economics and a Graduate Diploma in Materials Science. He is a member of CPA Australia and a member of the AusIMM.

Aaron Colleran, the Managing Director of AIC, said: 'Mike brings expertise that is immediately relevant to AIC and our Eloise Copper Mine as we embark on a new phase of growth. It's fantastic to be working with him again.'

Authorisation

This announcement has been approved for issue by, and enquiries regarding this announcement may be directed to Aaron Colleran, AIC Mines Managing Director, via email info@aicmines.com.au.

Contact:

Tel: (08) 6269 0110

Fax: (08) 6230 5176

Email: info@aicmines.com.au

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