JERSEY, UK, Nov. 2, 2017 /CNW/ - Tethyan Resources plc (the "Company" or
"Tethyan") (AIM: TETH) (TSXV: TETH) is pleased to announce that Fabian Baker
has been appointed President and Chief Executive Officer of the Company. Peter Mullens has stepped
down as Chief Executive Officer ("CEO") and the Board has confirmed his new position as Executive Director and Senior Vice
President Exploration and Development.
Mr. Baker is a geologist with significant experience in the Western Tethyan Mineral Belt, including leading grassroots
exploration through to completion of Bankable Feasibility. Previous roles include Chief Geologist at Lydian International's newly
discovered Amulsar gold deposit in Armenia and Exploration Manager for Royal Road Minerals
whilst the company was focused in Turkey. Mr. Baker founded the private company that secured
exploration assets in Serbia which was subsequently acquired by Tethyan and led to the Company's entry into the Balkan region. He
has been the Chief Operating Officer of Tethyan since May 2016, during which time he has
successfully acquired and developed significant exploration assets, built a highly capable team and implemented the Company's
business strategy in the region. Mr. Baker has a Bachelor of Science in Applied Geology from the Camborne School of Mines.
Mr. Mullens led the Company as its CEO for the last two years, during which time the Company has successfully established
itself in Serbia and completed numerous corporate initiatives which have left the Company well positioned to continue its growth
and development. In his new role as Senior Vice-President Exploration and Development, Mr. Mullens will draw on his significant
technical expertise to oversee the Company's exploration and development of its existing assets and evaluate new business
opportunities.
John Proust, Chairman of Tethyan, commented: "The Board is very pleased to appoint Fabian Baker
as President and CEO, he has been fundamental to the development of the Company and we see him as a rising star in the mineral
exploration industry. He has an in-depth knowledge of the region's geology, and has developed Tethyan to be a leading player in
Serbia and the greater Balkan region. We are confident that the Company has a bright future with Fabian at its helm."
Mr. Proust also stated: "Peter Mullens has guided the Company through many important changes
during the past two years and the Board thanks him for his successful tenure as CEO. Throughout Peter's career he has excelled in
the identification and advancement of high quality exploration properties, and we are pleased to have him focused, in his new
role, on this aspect of the Company's future development."
About Tethyan
Tethyan Resources Plc ("Tethyan Resources") is a gold and base metal mineral exploration company incorporated in England & Wales (company registration number 3781581). Tethyan
Resources listed on AIM (TETH.L) in 2004 and commenced trading on the TSX Venture Exchange on September 6,
2017, under the symbol "TETH".
Tethyan Resources is focused on the Tethyan Metallogenic Belt in Eastern Europe, mainly
Serbia, where it is acquiring and exploring a portfolio of quality precious and base metals projects with known mineralisation
and compelling drill targets.
Tethyan emphasises responsible engagement with local communities and stakeholders, and is committed to proactively
implementing Good International Industry Practice (GIIP) and sustainable health, safety and environmental management.
More information can be found on our website: www.tethyan-resources.com.
TSX Venture Exchange Disclaimer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation.
Generally, forward-looking information can be identified by the use of forward-looking terminology and phrases or statements that
certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management
as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the Company to be materially different from those
expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary
regulatory approvals, capital expenditures and other costs, and financing and additional capital requirements. Although
management of the Company has attempted to identify important factors that could cause actual results to differ materially from
those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements and forward looking information. The Company will not update any
forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by
applicable securities laws.
SOURCE Tethyan Resources PLC
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