skip to content | skip to menu | graphical version
International Molybdenum plc

RNS Number:8239G
Galahad Gold Plc
23 December 2004
                                Galahad Gold PLC
                       ("Galahad Gold" or the "Company")
                       Board Change and Grant of Options
Alastair King is to resigxn as a director of Galahad Gold with effect from 31
December 2004 to pursue other business interests.
Ian Watson, Chairman and Managing Director, said today:
"Alastair has been very helpful to the development of Galahad in its
transformation to xan international mining development company. We wish him every
success in his next venture."
In recognition of Alastair King's contribution to the development of the
Company, he has been awarded options over 2,083,334 ordinary shares in Galahad
Goxld PLC with an exercise price of 12p per share. The options become exercisable
in three tranches: a third one year after grant, a third two years after grant
and a third three years after grant, and all are then exercisable until 22
December 2014.
x
Enquiries to:
GALAHAD GOLD PLC
Ian Watson/Angelos Damaskos Tel: 020 7408 2002
PARKGREEN COMMUNICATIONS
Simon Robinson/Justine Howarth Tel: 020 7493 3713
SEYMOUR PIERCE
Mark Percy/Jeremy Porter Tel: 020 7107 8000
Notes to Editors:
Galaxhad Gold PLC is an international mining development company quoted on the
AIM Market of the London Stock Exchange under the symbol GLA. It has three
current projects, all in politically safe locations:
   * 34.1% of Northern Dynasty Minerals Limitexd the owner of the Pebble
     project in Alaska which contains the largest gold deposit in North America
     and the second largest copper deposit;
   * 100% of Skaergaard in Greenland, one of the largest palladium deposits
     outside South Afrixca and Russia; and
   * 100% of Malmbjerg in Greenland, one of the largest primary molybdenum
     deposits in the world.
Galahad's attributable Inferred Mineral Resources:
   * 20.12m ounces of gold;
   * 3m ounces of platinum;
   * 35.1m ounxces of palladium;
   * 8.74bn lbs of copper; and
   * 313.2m lbs of molybdenum
These figures exclude Malmbjerg's molybdenum and the extensive vanadium and
titanium deposits in Skaergaard.
Further information on Galahad may be found at www.galahxadgold.com
                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
BOAILFFDFSLVFIS
site by haecceitas