Kangaroo Resources Limited Appoints Four New Directors

11:05 AEST June 14, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.

Perth, Australia (ABN Newswire) - International coal producer Kangaroo Resources Limited (ASX: KRL) is pleased to announce the appointment of four experienced coal executives to its Board as non-executive Directors following completion of its landmark transaction with PT Bayan Resources TbK (JAK: BYAN).

All four new directors are nominees of Bayan Resources, which is now KRL's largest shareholder with a holding of 56%.

Mr Darcy Wentworth MSc (Mining), MAusIMM is an experienced Australian-based mining executive with over 40 years of international experience managing various coal operations around the world, with specific focus and expertise in coal mining and Indonesia. Mr Wentworth was previously the Operations Manager for Bayan's large Gunungbayan coal operation in East Kalimantan for over 10 years until 2009.

Mr Alastair McLeod CA is an Indonesian-based mining executive with over 20 years experience in senior finance, accounting and management roles and over 10 years directly relating to the Indonesian resource market. Mr McLeod is currently Chief Financial Officer and a Director of Bayan Resources.

Mr Russell Neil FCPA CFA is an Indonesian-based mining executive with approximately twenty years of corporate experience in accounting, finance and management roles within the mining industries of Australia and Indonesia. He is currently Chief Development Officer and a Director of Bayan Resources.

Mr David Low Yi Ngo BSc (Mechanical Engineering and Production) is presently acting Marketing Director for Bayan Resources. Mr Low has held various senior management roles within Indonesia and Asia over the past five years.

KRL Chairman, Mr Peter Richards, said: 'The Company welcomes the addition of four very experienced mining executives with significant Indonesian coal mining experience. We look forward to working with them and believe that they will add valuable further expertise to the KRL board and assist in the Company's drive towards becoming a significant coal producer in Indonesia.'


About Kangaroo Resources Limited:

Kangaroo Resources Limited (ASX: KRL) is a coal-focused Company on the Australian Securities Exchange. The Company is debt-free and has coal assets in Indonesia, as well as various assets in Australia, including iron ore, base metals and gold.

Kangaroo Resources has commenced production from its first coal operation (GPK) in Indonesia in December 2009 and added in a second producing asset (Mamahak) in Feb 2009. Currently both operations are in an early operational phase, with infrastructure and other mine planning underway to ramp up. KRL plans to bring other coal mines into production over the course of 2010 and thereafter. The Company ultimately aims to leverage off its strong Indonesian relationships to build a robust mining house, with strong cash flows and an exciting funnel of new projects.

With its outstanding growth potential and focused strategy Kangaroo Resources represents a quality investment in the Australian mining sector.



Contact:

Mark O'Keeffe
Managing Director
T: +61-8-6102-6990
E: info@kangarooresources.com
http://www.kangarooresources.com