News Archive

23 June 2006

Directorate Change

ATH Resources plc, one of the UKs largest coal producers, announces that Mike Tod, Development Director, is to step down from the Board due to ill health. Mike will continue to be a Director of Aardvark TMC Limited, ATHs subsidiary operating company, offering ongoing strategic advice.

Mike joined ATHs Chief Executive Tom Allchurchs project team in 1995 and was instrumental in the development of and subsequent acquisition by the Management Team of Skares Road and its management buyout in 1998. Mike has been the Development Director of the Group since 1998.

Commenting on Mikes departure from the Board of ATH, Chief Executive Tom Allchurch said: " It is with great sadness that we see Mike leave the main Board of ATH. He has shown great dedication and phenomenal commitment to the Group from day one of its inception. We look forward to maintaining our strong relationship with him through his new role and offer our very best wishes for his swift recovery".

For further information:
ATH Resources
Tom Allchurch, Chief Executive	Tel: +44 (0) 1302 760 462
tom.allchurch@ath.co.uk
Media enquiries:
Abchurch
Sarah Hollins	Tel: +44 (0) 113 203 1341
sarah.hollins@abchurch-group.com	www.abchurch-group.com

Notes to Editors:

ATH Resources is an AIM-listed operator of opencast coal mines in the UK with its current three operational mines, Skares Road, Grievehill and Garleffan, located near New Cumnock, East Ayrshire in Scotland. The Company is currently the third largest producer of coal in the UK producing approximately 1.7 million tonnes per annum. Coal was used to generate 34 per cent of the UKs electricity in 2005 and the Company holds coal supply contracts with four of the UKs main electricity generating companies.

The management team has been in place since 1998. It acquired the rights to operate (and subsequently acquire) the Skares Road mine with support from The Alchemy Plan and Bank of Scotland. Following ATH Resources incorporation in October 2003, and backed by a follow on investment from The Alchemy Plan, the Company acquired the Garleffan mine in November 2003.

In June 2005 the Group acquired two new opencast sites, Grievehill and Glenmuckloch in Scotland for 18 million using the 16.8 million raised by way of an Open Offer on the basis of 1 New Ordinary Share for every 3 Existing Ordinary Shares. The acquisition increased the Groups reserve base by 160% and provided longer term stability to the business.

In addition to its operating mines, the Company also has a number of other coal mining projects in Scotland and two through its French subsidiary, SRMMC including a series of six existing coal concessions in south-central France, covering an area of 36km, 2 with an estimated resource of approximately 4.5 million tonnes of recoverable coal.

In May 2006 the Group acquired Doncaster-based A Ogden & Sons Limited a successful coal recovery, land remediation and regeneration business with a particular focus on colliery spoil heap reclamation projects. ATH paid net 9.5 million for the business. The acquisition, which was earnings enhancing, allowed ATH to build on its skills as a regenerator of land, whilst developing strong relationships with key English planning authorities.

ATH Resources listed on the AIM market of the London Stock Exchange in June 2004 under the symbol ATH.L

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