The board of directors of Taung Gold International Limited announced that Mr. Neil Andrew Herrick has resigned as Executive Director of the Company with effect from 27 July 2015. Meanwhile, Mr. Herrick remains as Chief Executive Officer and a member of the Technical, Safety and Environment Committee of the company and also as the chief executive officer and executive director of Taung Gold Proprietary Limited. He has been also appointed as an alternate director to Mr. Christiaan Rudolph de Wet de Bruin, an Executive Director of the company with effect from 27 July 2015. Mr. Neil Andrew Herrick, aged 51, is the Chief Executive Officer of the Company. He joined
the Company as an Executive Director since 26 April 2013. He is also a director and chief executive officer of Taung Gold (Proprietary) Limited as well as a director of Taung Gold Secunda (Pty) Ltd. (previously Pluriclox (Pty) Ltd). The Board also announced that Mr. Phen Chun Shing Vincent has been appointed as a Non-executive Director of the Company with effect from 27 July 2015. Mr. Phen Chun Shing Vincent, aged 39, is currently an executive director of China Merchants Capital Management (International) Limited.