TMAC Resources Inc. announced changes to the Board of Directors. Terry MacGibbon will retire as Executive Chairman and step down from the Board effective immediately. Concurrently, Andrew Adams will assume the role of Independent Chairman of the Board. Dr. Ross Bhappu, a Senior Partner of Resource Capital Funds ("RCF"), will join the Board effective immediately as an RCF Board nominee and João Carrêlo will concurrently step down as an RCF independent Board nominee. Prior to joining RCF in 2001, Dr. Ross Bhappu was president of a development-stage copper company, director of business development at Newmont Mining Corporation, and served in various technical and financial roles at Cyprus Minerals Company. Dr. Bhappu currently serves on the Boards of Directors of Lighthouse Resources Inc. as well as the Lowell Institute for Mineral Resources. He previously held director roles with a number of mining companies including Traxys S.A., Molycorp, Constellation Copper, EMED Mining and Anglo Asian Mining. Ross recently concluded his three-year term on the Board of Directors of the Society for Mining, Metallurgy & Exploration (SME). João Carrêlo is stepping down from the Board to facilitate the appointment of Ross Bhappu.