Tethyan Resources plc announced that Fabian Baker has been appointed President and Chief Executive Officer of the company. Peter Mullens has stepped down as Chief Executive Officer (CEO) and the Board has confirmed his new position as Executive Director and Senior Vice President Exploration and Development. Mr. Baker is a geologist with significant experience in the Western Tethyan Mineral Belt, including leading grassroots exploration through to completion of Bankable Feasibility.

Previous roles include Chief Geologist at Lydian International's newly discovered Amulsar gold deposit in Armenia and Exploration Manager for Royal Road Minerals whilst the company was focused in Turkey. He has been the Chief Operating Officer of Tethyan since May 2016, during which time he has successfully acquired and developed significant exploration assets, built a highly capable team and implemented the company's business strategy in the region. Mr. Mullens led the company as its CEO for the last two years, during which time the company has successfully established itself in Serbia and completed numerous corporate initiatives which have left the company well positioned to continue its growth and development.

In his new role as Senior Vice-President Exploration and Development, Mr. Mullens will draw on his significant technical expertise to oversee the company's exploration and development of its existing assets and evaluate new business opportunities.