Stirling Resources Limited (ASX:SRE) Appoints Mr Nigel Goodall As Executive Chairman

Perth, Nov 8, 2010 AEST (ABN Newswire) - Stirling Resources Limited (ASX:SRE) is pleased to announce that Mr Nigel Goodall will take the role of Executive Chairman of the company, effective 8 November 2010.

Stirling wishes to advise that Mr David Nabarro has resigned as Chairman and a non-executive director of Stirling.

The rationale reflects an effort by Stirling to cut costs and the practicality of having a Perth, WA-based Chairman.

The Board of Stirling and its majority shareholder, DCM DECOmetal, wish to record their appreciation of David's skillful and significant contribution to Stirling's affairs during the last few difficult months.

The company also advises that Mr Marty Adams has today resigned from the position of Managing Director due to his increasingly active role as the current Chief Executive Officer for Australian Zircon NL (ASX:AZC).

Mr Adams will now solely focus on his role with Australian Zircon. His contribution to the growth and development of Stirling through this transitional period is greatly appreciated.

Stirling will commence a search for a new Managing Director or Chief Executive Officer immediately. In the interim Mr Goodall, the newly appointed Chairman will act as Executive Chairman of the company undertaking the duties of the Chief Executive, with the support of Stirling's Chief Financial Officer, Keith Vuleta.

Contact

Nigel Goodall Executive Chairman Tel: +61-8-6389-6800