The Company is pleased to announce the appointment of Dr. Michael Green as the Company’s new Exploration Manager.

Michael will lead the geology team in formulating and managing the Company’s gold and base metals exploration in the Pine Creek region of the Northern Territory.

Michael brings a wealth of relevant exploration experience to PNX and will be invaluable as the Company continues its strategy of developing exploration areas into operational mines. He is a qualified geologist with over 25 years of industry experience and has been engaged by the Company for the past 18 months as a consultant.