Regal Resources Limited announced that Mr. Mark Arnesen has been appointed Chief Executive Officer and Executive Director effective immediately. Mr. Arnesen has extensive expertise in the structuring and negotiation of finance for major resource projects. He is a Chartered Accountant with over 20 years of experience in the international resources industry, including a role with the Billiton/Gencor group of companies where he was a corporate Treasurer from 1996 to 1998.

In 2000 Mr. Arnesen joined Ashanti Goldfields Company Limited as Managing Director - International Treasury and held the position until 2004. From 2004 until 2006 he worked with Equinox Minerals Limited and put in place the Lumwana project financing. In November 2006 he joined Moto Goldmines Limited (the Kibali Project in the DRC) as the Financial Director and held the position until the company was taken over by Randgold Resources Limited (and held through a joint venture with AngloGold Ashanti Limited) in late 2009.

Mr. Arnesen was a Non-Executive Director of Natasa Mining Limited (2006 to 2010) and a Non-Executive Director of Asian Mineral Resources during 2010. He was Chief Executive Officer of Gulf Industrials Limited (February 2012 to March 2014). Mr. Arnesen is currently the sole director of ARM Advisors Proprietary Limited.

He was appointed as a Non-Executive Director of Centamin PLC (the Sukari Gold Mine in Egypt) in February 2011.