Press Releases

Perth, Dec 20, 2011 (ABN Newswire) - Padbury Mining Ltd (ASX:PDY) is pleased to announce the appointment of Terry Quinn to the company Board of Directors.

Mr Quinn has accepted the role of Non-Executive Chairman, replacing Dr John Saunders, who tendered his resignation effective close of business today to take on a new position as Non-Executive Chairman of Padbury's wholly-owned subsidiary Midwest Infrastructure Pty Ltd.

Midwest Infrastructure holds the Midwest rail and Oakajee Port intellectual property (IP) purchased by Padbury from Yilgarn Infrastructure.

Dr Saunders' role will focus on the promotion of the IP, in particular its commercial modeling, to various interested parties as a potential means of contributing to a solution to the development of viable port and rail infrastructure to service the emerging mines of Western Australia's Mid West region.

Mr Quinn is Padbury's major shareholder and Managing Director of 30% joint venture partner Aurium Resources. He has 20 years experience in the retail and resources sectors and has had broad exposure and experience with overseas investors based in China, Malaysia and Indonesia.

Mr Quinn is a committee member of the WA Mining Club and an affiliate of the Securities Institute of Australia.

The Board thanks Dr Saunders for his contribution as Chairman over the past 18 months and looks forward to continuing working with him in his new role.

Contact

Gary Stokes Managing Director Padbury Mining Ltd T: +61-8-6460-0250