Mandalay Resources Corporation announced changes to its board of directors and senior executive team. Effective immediately, Brad Mills, Chief Executive Officer of the company, is transitioning to Executive Chairman of the board. In this new role, Mr. Mills will continue to be directly involved in Mandalay's strategic direction and operations.

Replacing Mr. Mills as President and Chief Executive Officer is Mark Sander, currently President of Mandalay Resources. Dr. Sander was promoted from Chief Operating Officer to President of Mandalay in March 2013. Prior to joining Mandalay Resources, Dr. Sander's industry experience included serving as Vice President of Strategy and Planning for BHP Billiton's copper group.

At the same time, Braam Jonker, currently serving as Chairman of the board, will be assuming the role of lead independent director. In connection with his appointment as President and CEO, Dr. Sander has also been appointed to the board. In order that there not be more than two executive directors on the board at any one time, Mr. Swarup has agreed to step down and not stand for re-election to the board, to enable the appointment of Mark Sander to the board, effective immediately.

Sanjay Swarup will continue in his role as Chief Financial Officer. Anthony (Tony) Griffin, partner at West Face Capital Inc., has also announced his intention to not stand for re-election to the board and has agreed to step down effective immediately.