Ann: Board Changes at Graphite Developer Lincoln , page-2

re: Ann: Board Changes at Graphite Developer ... Still a very illiquid stock but starting to make a few changes, which should be good for the company.

Mining Lease Application is being prepared by parsons Brinckerhoff - LML have a target date of 2015 for full scale production.

LML are also an exhibitor at the Graphite & Graphene Conference next week in New York.

Could be worth keeping an eye on in coming weeks.

The Board of graphite and iron ore developer, Lincoln Minerals Limited (ASX Code: LML) advises that, as foreshadowed in the Notice of Annual General Meeting, Non Executive Directors Eng Hoe Lim and Kwang Hou Hung did not seek re-election or election respectively at the Annual General Meeting and consequently have retired from the Board effective immediately.

Both Mr Lim and Mr Hung are major shareholders of the Company and have been strong supporters of the Company both financially and technically. Both have made valuable contributions to the management and progress of the Company as it has progressed from a junior exploration company with a number of potential exploration targets to a company that is now striving to develop two potential new mines over the next two years on SA’s Eyre Peninsula.