Being set-up for a takeover ?, page-5

Well lets hope MR can now focus on MKO future

APPOINTMENT OF NEW CHAIRMAN Echo Resources Limited (“Echo” or “the Company”) is pleased to advise the Board has appointed Mr Barry Bolitho to replace Dr Michael Ruane as Non‐Executive Chairman and will take place effect immediately. Mr Bolitho has over 40 years experience as a mining professional. He has been responsible for the commissioning and management of a number of gold mining operations, both in Western Australia and internationally. He is a qualified Metallurgist with a Bachelor of Applied Science and Diploma of Applied Chemistry and has gained extensive experience in the executive management of resource based companies with particular emphasis in exploration, operations, project management, administration and corporate development. He has been an executive and non‐executive director of a number of ASX and TSX listed resource companies over a long period and has worked closely with financiers, brokers and analysts. In conjunction with Mr Bolitho’s appointment, Dr Michael Ruane will step down from the board of Echo to focus on other business interests. Dr Ruane has been very instrumental in assisting Echo to reach its current position as a well funded gold development company through his recognition of the potential of Echo’s highly prospective tenement portfolio, in particular the Julius Gold Deposit and is warmly thanked for his excellent contribution to the Company.