Kagara Limited (ASX:KZL) Appoints Highly Experienced Mining Professional as Chief Operating Officer

Perth, Aug 8, 2011 AEST (ABN Newswire) - Kagara Limited (ASX:KZL) is pleased to announce the appointment of highly experienced mining executive Evan Spencer to the role of Chief Operating Officer. Mr Spencer will replace Graeme Collins, who after nine years with Kagara has made the decision to step down from the role to focus on new career opportunities.

Mr Spencer, whose appointment is expected to commence on 3 October, brings extensive technical, operational and project development expertise to Kagara, further strengthening its senior management team as it progresses to the next key stage of its growth and development.

Mr Spencer has held a wide range of senior corporate and operational management positions, working both domestically and internationally. He joins Kagara from Barrick Asia Pacific, where he worked for the past six years in a number of senior management positions, including his current role of General Manager, Business Development and Growth. Prior to this, he was General Manager for Barrick's Kanowna Operations in the Goldfields.

Before joining Barrick, he held the position of Mining Manager with Birla at the Mt Gordon operations in Queensland as well as Mine Manager with Goldfields, South Africa. Mr Spencer holds a Master of Mineral Economics, a Bachelor of Applied Science (Geology) and has also completed post-graduate studies in mine engineering and business and mining.

Kagara's Managing Director and CEO, Geoff Day, said he was delighted to have secured someone of Mr Spencer's experience and calibre to fill the key role of Chief Operating Officer.

"Evan has developed strong technical, strategic and leadership skills throughout his impressive career, which spans a number of major operations in several countries," Mr Day said. "He will be an integral member of our newly focussed executive leadership team and a key contributor to the Company's evolution, growth and future success."

"On behalf of the board and management of Kagara, I would also like to express my thanks to Graeme Collins for his substantial contribution to the growth and success of the Company over the past nine years, and wish him well in his future endeavours," he added.

Contact

David Peterson Company Secretary Kagara Limited Email: davep@kagara.com.au Tel: +61-8-9481-1211 http://www.kagara.com.au