Indo Mines: Appointment of new chairman

(22 June 2010)--Indo Mines Limited is pleased to advise that Christopher (Chris) Catlow, a former senior executive of Fortescue Metals Group Limited (FMG), has been appointed Non-Executive Chairman of the Company.

Catlow has extensive experience in the international resources industry and has held various senior roles in major operating companies where he gained considerable experience in raising both equity and debt financing for large resource projects. He was the inaugural Chief Financial Officer of Fortescue Metals Group, playing a central role in the development of Fortescuc and in raising more than US$4 billion, most recently holding the position of Director of Investment and Business Development.

The Directors of Indo Mines are very pleased to have an industry leader with a proven track record in funding large scale resource projects through the development phase leading the Board to support the ongoing development of the Indonesian assets.

Darryl Harris, who has stepped down from the position of Chairman, will remain on the Board as a Non-Executive Director.

The Company also advises that Ian Middlemas has resigned as a Director effective today.

The Board would like to thank Middlemas for the significant contribution he has made to the Company and wishes him every success in his other business interests. (end of release)