Exalt announces new board appointments

By Demas Simbolon

Australia-listed Exalt Resources Ltd has announced its intention to appoint two new non-executive directors to strengthen its Indonesian operation.

Romy HR Soekarno and Edward Lee Kwong Foo will be appointed to the Board as Independent Non-Executive Directors of Exalt Resources after the company?s acquisition of Indonesian coal interests and the associated capital raising.

Soekarno is a grandson of first President of Indonesia Soekarno. He is currently President Director of 1945 Nuswantara Investama.

Before his retirement from diplomatic service, Lee Kwong Foo had a distinguished career with the Foreign Service Branch of the Singapore Administrative Service in various senior positions across the Asia-Pacific, including as Singapore?s Ambassador to Indonesia.

The Exalt Board is now well positioned to implement the company?s strategic objective of continuing its planned exploration activities in Indonesia as well as seeking to acquire or participate in additional resource and energy related projects.

Editing by Dadan Wijaksana