Blackthorn Resources Limited  wishes to advise the following planned Board and Management changes.Chairman Mr Bill Cash has announced his intention to retire from the Company at this year’s AGM, scheduled for 28 November 2013. Mr Mike Oppenheimer, currently a Non-executive Director of Blackthorn Resources, will become Chairman effective at that time. In committing to this change the Board has considered the changing nature of the Company’s business focus and priorities. This especially concerns the Company’s intentions to transition its flagship Kitumba copper project in Zambia from the exploration to development phase. Mr Cash joined the Board of Blackthorn Resources in 2007, and has been Chairman of the Company since 1 January 2009. Under his stewardship, the Company was restructured and repositioned to achieve the success of recent years.

The Board wishes to thank Mr Cash for his leadership of the Company and to recognize the progress made during his time as Chairman within a very challenging business environment. Mr Oppenheimer joined the Board in April 2011. He has had extensive board and executive leadership experience in the resources sector. Past roles include CEO of Ferrexpo Plc, a mining company listed on the London Stock Exchange, and a number of board and senior executive positions during his career with BHP Billiton, including President Energy Coal and membership of the Group Executive Committee. Mr Oppenheimer said "The Board of Blackthorn Resources led by Mr Cash has done an excellent job over the last several years to steer Company through challenging times and optimise its assets. Looking ahead, the Company is very well positioned for the future and building shareholder value will be the Company's number one priority."

Managing Director

Managing Director Mr Scott Lowe has advised of his intention to leave the Company before the end of 2013 to pursue the next stage of his career. Prior to Mr Lowe's
departure he will focus on leading the Company towards completion of our current priority goals i.e. the completion of the Kitumba Pre-feasibility Study and first commercial
shipment from Perkoa. An executive search will commence in the near future for a replacement CEO as part of our succession planning process. Mr Cash commented "Mr Lowe has delivered a great deal for shareholders and has contributed enormously to development and delivery of Blackthorn Resources strategy. During Mr Lowe's term as CEO and Managing Director the Perkoa silver lead and zinc project in Burkina Faso has been taken from care and maintenance to being financed via a JV with global mining house Glencore and through to commissioning.

He has also overseen taking the Mumbwa copper project in Zambia from a minority interest in a grass roots exploration JV with BHP Billiton to a 100% owned project with an attractive resource and potential for commercial development. While we will be sorry to see Mr Lowe depart, we respect his decision and wish him every success in the future. We will now undertake a search for a new CEO to take Company through the next phase of its evolution."